Us vs. Museums

From: John Foust <jfoust_at_threedee.com>
Date: Mon Mar 5 07:38:19 2001

At 08:14 PM 3/4/01 -0500, you wrote:
>Re: non profit orgs:
>starting a non profit org is certainly much more than $35 as listed below.
>>From reasearch I was doing, you have to draft up a statement of purpose or
>something like that, then there's a $500 fee payable to the govt as well as
>much more paperwork. doesnt seem too cost effective at first viewing.

The paperwork for state-level creation of a non-profit, non-stock
corporation (like a club of some kind) is in the $50 range in most
states. The application for Federal USA-level non-profit status
in terms of the IRS is about $500.

I've been tempted by the latter. At one of my favorite haunts,
the UW-Madison surplus sale, they allow non-profits to buy on
Thursday - the public is allowed on Friday. First dibs!
However, if I ever re-sold something, I would be in trouble.

- John
Received on Mon Mar 05 2001 - 07:38:19 GMT