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| 501_c_3_educational_non-profit [2017/07/23 17:58] – created ::1 | 501_c_3_educational_non-profit [2018/01/31 14:36] (current) – Jeff Johnson | ||
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| - | As of xxxxx, Chatt*lab Makerspace Corp. is a 501(c)3 Charitable Non-Profit, with an effective exemption date of xxxxx | + | 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 == | == What this means == | ||
| Line 7: | Line 7: | ||
| == Guidelines for 501(c)(3) Usage == | == Guidelines for 501(c)(3) Usage == | ||
| - | * Your Dues ARE NOT tax deductible | + | |
| - | ** Your dues ARE NOT eligible for matching funds | + | * Your dues ARE NOT eligible for matching funds |
| - | * Any cash or physical donations are tax deductible | + | * Any cash or physical donations are tax deductible |
| - | ** YOU are responsible for properly valuating your donations | + | * YOU are responsible for properly valuating your donations |
| - | * ALL donations must be properly and indelibly marked as 501(c)(3) donations, for tracking purposes | + | * ALL donations must be properly and indelibly marked as 501(c)(3) donations, for tracking purposes |
| - | * ALL donations, cash or otherwise, are property of Chatt*lab, and cannot be removed. | + | * ALL donations, cash or otherwise, are property of Chatt*lab, and cannot be removed. |
| - | * Chatt*lab does NOT offer fiscal sponsorship | + | * Chatt*lab does NOT offer fiscal sponsorship |
| == How do I donate to a 501(c)(3) == | == How do I donate to a 501(c)(3) == | ||
| - | Our tax receipt form is here: | + | Our tax receipt form is here: [[https:// |
| For donations worth LESS than $250: | 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 | + | * A note mentioning the address, date, and description of property donated is sufficient if the donor requests it |
| For donations worth MORE than $250: | For donations worth MORE than $250: | ||
| - | * A receipt MUST BE ISSUED | + | |
| - | * Chatt*lab needs to retain a copy of the receipt for record keeping | + | * Chatt*lab needs to retain a copy of the receipt for record keeping |
| For non-cash donations worth BETWEEN $500 and $5000: | 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 | + | * Must include a note of the approximate date of acquisition by the donor |
| If you have any questions, please contact [email protected] | If you have any questions, please contact [email protected] | ||