[Board] board f2f planning / prep

[Jody Garnett]

Thanks Michael,

I had understood that donations were not tax deductible - and was not aware
of *any* exceptions.

I guess my primary concern is that we understand the limitations of our
operation and make sure we have all the records we need to meet our
reporting/tax obligations.

--
Jody Garnett

On 16 December 2015 at 14:53, Michael Smith <michael.smith.erdc at gmail.com>
wrote:

> Not exactly, we are a 501c4 (
> https://en.wikipedia.org/wiki/501(c)_organization#501.28c.29.284.29) and
> not a 501c3 (
> https://en.wikipedia.org/wiki/501(c)_organization#501.28c.29.283.29)
>
> The major difference lies in that we donations to a 501c4 are not tax
> deductible (with some exceptions).
>
> Also income spent on political activities are taxable.
>
> Mike
>
> ----
> Michael Smith
> OSGeo Foundation Treasurer
> treasurer at osgeo.org
>
>
>
> From: Board <board-bounces at lists.osgeo.org> on behalf of Jody Garnett <
> jody.garnett at gmail.com>
> Date: Wednesday, December 16, 2015 at 5:32 PM
> To: Helena Mitasova <hmitaso at ncsu.edu>
> Cc: OSGeo Board <board at lists.osgeo.org>
> Subject: Re: [Board] board f2f planning / prep
>
>
> One issue that we need to keep in mind when addressing the topics on the
>> wiki program is our non-profit status with IRS. I think we all should read
>> the document and the answers to IRS questions before the meeting - if any
>> board member knows where to find these please add the links to the wiki
>> agenda.
>>
>
> Just to double check my understanding -
>
> OSGeo was unable to qualify as a non-profit (like a charity).
> Instead we are operating as a not-for-profit (our primary goal is not
> making money).
>
> _______________________________________________ Board mailing list
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>
>
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