TimeBanks USA Forum Index > About Time Banking > Time Banks Start-Up Questions > nonprofit status
nonprofit status |
||
| Author | Message | |
|---|---|---|
| janekeddy Joined: 09 Jul 2008 Posts: 2 Location/Time Bank: Cape Ann Time Bank, Gloucester |
 Dated: Sun Nov 30, 2008 3:02 pm Subject: nonprofit status |
 |
| I was curious to know how many TimeBanks have nonprofit stauts or are thinking about it; or if you have decided not to incorporate, why? | ||
  |
||
| Kristine Flones Joined: 31 Jan 2007 Posts: 41 Location/Time Bank: Woodstock, NY |
Dated: Mon Dec 01, 2008 10:20 am Subject: Not-for-profit status |
|
| Woodstock TimeBank has incorporated and received our 501c3 status. We did this because members felt that we needed this designation in order to receive donations and give people the tax write-off. In our area (NY) this seems to be quite important to many folks. It also allows us to approach many businesses and foundations that only give to non-profits.
Kristine Flones Coordinator |
||
 |
||
| ktillou Joined: 26 Sep 2009 Posts: 2 Location/Time Bank: Wausau, WI |
Dated: Fri Jan 08, 2010 10:48 pm Subject: Share your ByLaws and Articles? |
|
| Kristine.....Would you be willing to share a copy of your ByLaws and Articles of Incorporation...we are starting the filing process and realy need an example to go by to get us headed in the right direction for wording...Thanks
Kim Tillou Central Wisconsin TimeBank |
||
| |
||
| carlynjmyers Joined: 14 Dec 2009 Posts: 7 Location/Time Bank: Bozeman, Montana |
Dated: Sat Jan 16, 2010 9:32 pm Subject: Incorporating & non profit status |
|
| Hi there,
I have just started a TB in Montana & have just finished going through the process you are talking about. Of course, it varies from state to state, but here's what I did. Go to your states Secretary of State website & download the forms to Register your business name & File Articles of Incorporation for a non profit corporation for your state. Here in MT, we can make up to $5000/ year before we have any tax liability. But, it is not deductible for others to donate. Then, after the year is up & we have some history, we will file for our 501c3 status with the feds. It's a good idea to speak with an accountant before you file, because certain language must be included in your articles of incorporation now, to be considered for 501c3 status in the future. Hope I helped... good luck to you! Carlyn |
||
| |
||
| LBTE Joined: 05 Jul 2010 Posts: 4 Location/Time Bank: long beach, CA |
Dated: Tue Jul 06, 2010 11:12 am Subject: |
|
| This info is very helpful, thanks! | ||
| |
||
| ccarltonn45 Guest |
Dated: Thu Aug 05, 2010 1:04 am Subject: |
|
| Kristine.....Would you be willing to share a copy of your ByLaws and Articles of Incorporation...we are starting the filing process and realy need an example to go by to get us headed in the right direction for wording...Thanks
_________________________________ Composite Doors Front Doors |
||
| ccarltonn45 Guest |
Dated: Thu Aug 05, 2010 1:17 am Subject: |
|
| Kristine.....Would you be willing to share a copy of your ByLaws and Articles of Incorporation...we are starting the filing process and realy need an example to go by to get us headed in the right direction for wording...Thanks
_________________________________ Composite Doors Front Doors |
||
| williams8899 Joined: 10 Jul 2010 Posts: 10 |
Dated: Fri Aug 06, 2010 4:23 am Subject: |
|
| As social entrepreneurs begin developing business ideas, there is often some confusion as to whether they should go with a for-profit venture or nonprofit status. The right choice depends on the type of product or service .
------------------------------------------------- UPVC Doors UPVC Front Doors |
||
| |
||
| Add New Topic | Add Your Reply | |