[Board] OSGeo vs 501c3 status - inpur required
Frank Warmerdam
warmerdam at pobox.com
Wed Nov 14 13:55:55 PST 2012
On 12-11-13 07:39 AM, Daniel Morissette wrote:
> C- If we don't respond then I guess we'll be treated as a taxable corporation
> by default (this is my guess, not verified)... note that if our goal is not to
> make profits and manage our finances accordingly then we probably don't pay
> much taxes, but once again those are my guesses and would remain to be verified
Daniel,
I believe this is the option I would be in favor of. It does not
constrain us within a narrow educational mission defined by the
IRS, and does not require the complexity of for-profit subsidiaries.
I've tried to do a little research on non-501(c)3 non-profits in the USA
the last couple days but without all that much progress. It would be
nice to know the downsides of this approach beyond some taxes on
retained earnings.
Best regards,
--
---------------------------------------+--------------------------------------
I set the clouds in motion - turn up | Frank Warmerdam, warmerdam at pobox.com
light and sound - activate the windows | http://home.gdal.org/warmerda
and watch the world go round - Rush | Geospatial Software Developer
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