501com Minutes 2010-10-22 - Revision history

Ed: /* Members may or may not be "the public" (Ed) */

2010-10-24T20:11:42Z

Members may or may not be "the public" (Ed)

Ed at 20:11, 24 October 2010

2010-10-24T20:11:09Z

Ed at 20:10, 24 October 2010

2010-10-24T20:10:21Z

Ed at 20:09, 24 October 2010

2010-10-24T20:09:47Z

Ed: Created page with 'Date: Friday 2010-10-22 Time: 7pm Location: 1481 Wordsworth St, Ferndale, MI 48220 Attendees: Ross Smith, Ryan Kather, Cherish Lallone, Ashley Prescott, Dennay Bedard, Aaron Dubi...'

2010-10-24T20:07:47Z

Created page with 'Date: Friday 2010-10-22 Time: 7pm Location: 1481 Wordsworth St, Ferndale, MI 48220 Attendees: Ross Smith, Ryan Kather, Cherish Lallone, Ashley Prescott, Dennay Bedard, Aaron Dubi...'

New page

Date: Friday 2010-10-22
Time: 7pm
Location: 1481 Wordsworth St, Ferndale, MI 48220
Attendees: Ross Smith, Ryan Kather, Cherish Lallone, Ashley Prescott, Dennay Bedard, Aaron Dubin, Trevor Cook, Nate Bezanson, Ed Platt

# Current status of the group (Ed)
## Incorporated as Michigan non-profit corporation
### No tax exemption benefit
### Some 501c3 rules are written into our articles of incorporation and bylaws
# Report on IRS 501c3 seminar (Ashley)
## Received IRS guide for non-profits
## Have to serve certain purposes (educational and scientific)
### Have to be public facing
## List of absolute restrictions
### political lobbying has to be insubstantial
### no income can inure to the benefit of a private individual
#### scholarships have to be handled fairly
### should track and report public events
### add public events to agenda of meetings
#### recommendation: track open hours and guests
#### may be beneficial to do an events newsletter
## good feedback from presenter as far as hackerspace as 501c3
## not all activities are tax exempt
### no paid staff -> all income is tax exempt
### organization shouldn't engage in unrelated business
#### individuals shouldn't do business in the name of i3
## ownership of tools
### all assets must go to 501c3s if i3 is dissolved
### equipment loans must be documented
## gaming is too complicated, should avoid
## should we find a way to encourage people to participate in charitable activities?
## we will still have to file an annual information return
### narrative report on activities
# Members may or may not be "the public" (Ed)
## consider ymca style membership
### benefits "members" only
### "members" are not members of the corporation (no vote for directors)
### dues for non-corporate members are more likely to count as public support
### non-corporate members have less formal requirements for meetings
### ymca offers sliding scales and scholarships, may help us
## taxpayer advocate or seminar presenter may be able to answer questions

'''Next steps'''
* Scan irs pub - Ashley
* Review noisebridge app - Ross, Ashley
* Review information return, form 990 - Cherish
* Review form 1023 book - Ryan
* Find possible nonprofit CPAs - Ashley

@@ Line 1: / Line 1: @@
 Date: Friday 2010-10-22<br/>
 Time: 7pm<br/>
-Location: 1481 Wordsworth St, Ferndale, MI 48220</br>
+Location: 1481 Wordsworth St, Ferndale, MI 48220<br/>
 Attendees: Ross Smith, Ryan Kather, Cherish Lallone, Ashley Prescott, Dennay Bedard, Aaron Dubin, Trevor Cook, Nate Bezanson, Ed Platt<br/>

@@ Line 40: / Line 40: @@
 ## dues for non-corporate members are more likely to count as public support
 ## non-corporate members have less formal requirements for meetings
-## ymca offers sliding scales and scholarships, may help us
+## ymca offers sliding scales and scholarships, similar policy may help us
 # taxpayer advocate or seminar presenter may be able to answer questions

@@ Line 12: / Line 12: @@
 # Received IRS guide for non-profits
 # Have to serve certain purposes (educational and scientific)
-## Have to be public facing
+# Have to be public facing
-# List of absolute restrictions
-## political lobbying has to be insubstantial
-## no income can inure to the benefit of a private individual
-### scholarships have to be handled fairly
 ## should track and report public events
 ## add public events to agenda of meetings
 ### recommendation: track open hours and guests
 ### may be beneficial to do an events newsletter
 # good feedback from presenter as far as hackerspace as 501c3
 # not all activities are tax exempt

@@ Line 1: / Line 1: @@
-Date: Friday 2010-10-22
+Date: Friday 2010-10-22<br/>
-Time: 7pm
+Time: 7pm<br/>
-Location: 1481 Wordsworth St, Ferndale, MI 48220
+Location: 1481 Wordsworth St, Ferndale, MI 48220</br>
-Attendees: Ross Smith, Ryan Kather, Cherish Lallone, Ashley Prescott, Dennay Bedard, Aaron Dubin, Trevor Cook, Nate Bezanson, Ed Platt
+Attendees: Ross Smith, Ryan Kather, Cherish Lallone, Ashley Prescott, Dennay Bedard, Aaron Dubin, Trevor Cook, Nate Bezanson, Ed Platt<br/>
-# Current status of the group (Ed)
+== Current status of the group (Ed) ==
-## Incorporated as Michigan non-profit corporation
+# Incorporated as Michigan non-profit corporation
-### No tax exemption benefit
+## No tax exemption benefit
-### Some 501c3 rules are written into our articles of incorporation and bylaws
+## Some 501c3 rules are written into our articles of incorporation and bylaws
-# Report on IRS 501c3 seminar (Ashley)
-## Received IRS guide for non-profits
-## Have to serve certain purposes (educational and scientific)
-### Have to be public facing
-## List of absolute restrictions
-### political lobbying has to be insubstantial
-### no income can inure to the benefit of a private individual
-#### scholarships have to be handled fairly
-### should track and report public events
-### add public events to agenda of meetings
-#### recommendation: track open hours and guests
-#### may be beneficial to do an events newsletter
-## good feedback from presenter as far as hackerspace as 501c3
-## not all activities are tax exempt
-### no paid staff -> all income is tax exempt
-### organization shouldn't engage in unrelated business
-#### individuals shouldn't do business in the name of i3
-## ownership of tools
-### all assets must go to 501c3s if i3 is dissolved
-### equipment loans must be documented
-## gaming is too complicated, should avoid
-## should we find a way to encourage people to participate in charitable activities?
-## we will still have to file an annual information return
-### narrative report on activities
-# Members may or may not be "the public" (Ed)
-## consider ymca style membership
-### benefits "members" only
-### "members" are not members of the corporation (no vote for directors)
-### dues for non-corporate members are more likely to count as public support
-### non-corporate members have less formal requirements for meetings
-### ymca offers sliding scales and scholarships, may help us
-## taxpayer advocate or seminar presenter may be able to answer questions
-'''Next steps'''
+== Report on IRS 501c3 seminar (Ashley) ==
 * Scan irs pub - Ashley
 * Review noisebridge app - Ross, Ashley