Re: [gentoo-dev] Gentooo 501(c) accounting

[james]

On 12/07/2016 01:53 PM, Jigme Datse Rasku wrote:
> I have been using LedgerSMB as when I was looking everything except
> SQL-Ledger (which got forked to LedgerSMB) was either too expensive
> (commercial, and a lot didn't run on Linux) or more pain than writing in
> a ledger book (easier to screw up, and harder to remember what I was
> doing anyway).
>
> As I haven't looked at options for ages, due to feeling LedgerSMB
> continues to be a good fit (I switched to them soon after the fork), and
> mostly fails for me in terms of multiple features I don't really need,
> or so far haven't even found a use case that works for me, but many over
> time which I thought I wouldn't use, I do now.  don't need to, but it works.
>
> I expressed recently that *if* they created a "only new code" version
> which only had basic accounting features, I could, and would work with
> it, if that worked mostly like that is currently working.
>
> For me, as the interface (web based) is a huge plus over anything I
> looked at in the past.
>
> On Dec 7, 2016 10:32, "james" <garftd@×××××××.net
> <mailto:garftd@×××××××.net>> wrote:
>

Hey Jigme,

I think gentoo is under a social contract limits our use options to
FOSS accounting packages. Perhaps someone more knowledgable with itemize 
the restrictions gentoo is under for it's 501(c)3 needs.


Here's a shocker from an IRS doc::

"The organization must not be organized or operated for the benefit of 
private interests" [1] That basically is a very general statement, open 
to vast interpretation; whether it's a problem for gentoo, remains to be 
seen.

I think someone more knowledgeable than myself should post the 
restrictions and guidance document reference, if any, that constrain and 
guide gentoo in matter of GAAP, 501(c)3 and it foundational 
organization, before an accounting packages is agreed up. Perhaps this 
just a good idea to vet

  how these critical charity records are maintained and disseminated. 
Some states may have additional statues and rules.   The corporation 
papers were filed in Maryland, right? If not, what state where the 
papers filed in?


[1] 
https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-section-501-c-3-organizations



hth,
James