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501_c_3_educational_non-profit

As of February 10, 2017, Chatt*lab Makerspace Corp. is a 501(c )(3) Charitable Non-Profit, with an effective exemption date of October 21, 2016

What this means

This means that Chatt*lab can accept donations, and issue a receipt for donations over $250. If your employer has a matching program, Chatt*lab may be eligible to receive matching donations from your employer.

Guidelines for 501(c)(3) Usage
  • Your Dues ARE NOT tax deductible
  • Your dues ARE NOT eligible for matching funds
  • Any cash or physical donations are tax deductible
  • YOU are responsible for properly valuating your donations
  • ALL donations must be properly and indelibly marked as 501©(3) donations, for tracking purposes
  • ALL donations, cash or otherwise, are property of Chatt*lab, and cannot be removed.
  • Chatt*lab does NOT offer fiscal sponsorship
How do I donate to a 501(c)(3)

Our tax receipt form is here: Link for Donation Form

For donations worth LESS than $250:

  • A receipt need not be issued
  • A note mentioning the address, date, and description of property donated is sufficient if the donor requests it

For donations worth MORE than $250:

  • A receipt MUST BE ISSUED
  • Chatt*lab needs to retain a copy of the receipt for record keeping

For non-cash donations worth BETWEEN $500 and $5000:

  • Must include a note of how the donation was acquired (purchased, inherited, etc.)
  • Must include a note of the approximate date of acquisition by the donor

If you have any questions, please contact directors@chattlab.org

501_c_3_educational_non-profit.txt · Last modified: 2018/01/31 14:36 by admin