Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Next revision
Previous revision
fiscal_sponsorship [2012/05/13 06:52]
wreality created
fiscal_sponsorship [2017/04/05 00:38] (current)
Line 2: Line 2:
 Information about fiscal-sponsorship from school factory: https://​atrium.schoolfactory.org/​spacefed/​sponsorship Information about fiscal-sponsorship from school factory: https://​atrium.schoolfactory.org/​spacefed/​sponsorship
  
-Why we need to consider this:+Why we need to consider this/Pros:
   - Amazon Payments (Kickstarter) requires us to have 501(c)(3) status.   - Amazon Payments (Kickstarter) requires us to have 501(c)(3) status.
     - School factory could act as our liason for this.     - School factory could act as our liason for this.
   - Businesses and larger donors may be more comfortable than waiting for our exempt status   - Businesses and larger donors may be more comfortable than waiting for our exempt status
   - Reputation. We're covering our bases while we obtain our own status.   - Reputation. We're covering our bases while we obtain our own status.
 +  - Buys us some time to do our 1023 right and think about how we want to answer some of the questions
 +    - Specifically the part about acting as a granter to the clubs (if we even still want to do that)
 +
 +Cons
 +  - School factory takes 10% for admin costs
 +    - This will hurt for kickstarter since there are already %'s involved there.
  
 This doesn'​t replace our own need/desire to get 501(c)(3) status, just helps us in the interim. This doesn'​t replace our own need/desire to get 501(c)(3) status, just helps us in the interim.
  
-We already know that anything ​that's donated within 27 months of our incorporation is exempt once we get our determination approved.+Anything ​that's donated within 27 months of our incorporation is exempt once we get our determination approved, but some donors might be uncomfortable with that.