Thank you! Let me ask you this - I am sort of on my own - I have no one really helping me do anything - I pay all the expenses with my pay check from my job - on a bookkeeping process, do I have to donate my pay check to my "sanctuary" to get tax break - or how does it work? Does the board of directors have to reside in the same country - what's the minimum number of peoples who need to be on the board besides myself -
Again, do you have to be adopting out animals to be qualified? Or are you going to be punished for it? Does this status have anything to do with animal services division by any chance (I am trying to stay away from them as much as possible) - Thank you! Hideyo -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of TenHouseCats Sent: Monday, June 27, 2005 2:05 PM To: felvtalk@felineleukemia.org Subject: Re: non profit status as far as i am concerned, the advantages FAR outweigh the disadvantages. you have to do real bookkeeping, keep records, have a board of directors, have quarterly meetings, and get a certain amount of your funding from the public. most people consider it a huge pain to go through the application process, and others absolutely hate keeping records. neither are difficult, just time-consuming. some of us LOVE doing bookkeeping and taxes (well, you've always known i was a little odd, so this shouldn't surprise any of you!)--just find one of us to work with you! there is a yahoo group called, i believe 501(c)3Help, that i know a lot of folks have joined and worked with during the process. i'm SURE there are archived discussions there about reasons for and against! personally, as a bookkeeper for 40 years, i think it is MUCH easier and far better in the long run to do everything legally and correctly, whether you go for a 501(c)3 or not--ie, sales tax stuff, income reporting, etc--that way, no one can ever come back on you and say, "we think an organization of your type should have made $xxxx last year---prove to us you didn't." -- MaryChristine AIM / YAHOO: TenHouseCats MSN: [EMAIL PROTECTED] ICQ: 289856892
