Corporate Structure

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m (edit: removed "for-profit" category per Doug)
m (edit: added Pros/Cons of 501(c)3 lists per nonprofit planning committee meeting)
 
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*Pumping Station One in Chicago http://pumpingstationone.org/about/
 
*Pumping Station One in Chicago http://pumpingstationone.org/about/
 
*Freeside Atlanta http://blog.freesideatlanta.org/
 
*Freeside Atlanta http://blog.freesideatlanta.org/
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====Pros of 501(c)3====
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*Tax Deductibility for Donors
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*Eligible for Government & Foundation Grants
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*Eligible for Bulk Mailing Permit
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*Gambling Permits (in some jurisdictions)
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*Credibility
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*Free or discounted advertising cost
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====Cons of 501(c)3====
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*Keep Adequate Records
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*File Required Returns
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*Provide Donor Substantiation
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*Obey Disclosure Laws
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*Generate Public Support
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*Avoid "Excess Benefits" for insiders
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*Shun Political Activity
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*Limit Legislative Activity
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*Limit Unrelated Business Activity
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*More expensive and lengthier process
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*Items must be redonated if nonprofit closes, as opposed to distributed among members
  
 
====Other Stuff Important for a 501(c)(3)====
 
====Other Stuff Important for a 501(c)(3)====

Latest revision as of 19:36, 11 November 2012

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