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On Wed, Jul 3, 2019 at 8:56 AM Michał Górny <mgorny@g.o> wrote: |
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> |
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> Are you aware if the fee is going to be the same if we |
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> go for proper non-profit? |
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Do you mean 501c3 by "proper non-profit?" Or some other tax-exempt status? |
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I think most around here have abandoned all hope of ever running our |
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own 501c3. A number don't even think we should try, and a 501c3 is |
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hard enough to get approved if you have a professional board all |
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towing the party line. If you get people making public statements |
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like we ought to be a trade association (which is non-exempt) it would |
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be even harder. |
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However, I imagine most CPAs would charge more for a tax-exempt org as |
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there is MUCH more scrutiny on their operations. I'd also argue that |
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we would need to be spending more on compliance in general or |
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consulting ad-hoc with professionals to not run afoul of the law. |
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If you meant a non-profit that isn't tax-exempt then I don't see why |
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their fees would be any different, but there really isn't any big tax |
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benefit to Gentoo to having one status or another as far as I can |
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tell. The IRS taxes non-profits the same as for-profit companies if |
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they aren't tax-exempt. It is the exempt status that comes with all |
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the rules and scrutiny. |
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Usually in the US when people say "non-profit" they tend to mean a |
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tax-exempt status like 501c3, but these are of course not the only |
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sorts of non-profit companies. The US National Football League (the |
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kind where you usually don't hit the ball with your foot) is |
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non-profit, but definitely not tax-exempt, and I can only imagine what |
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their revenues are like. |
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-- |
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Rich |
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