May 8, 2013 0
As many of you are no doubt aware, after almost two years of paperwork, negotiating, and discussions with the IRS, LVL1 is now a 501(c)3 Non-Profit Organization! This means LVL1 can now accept tax-deductible donations of money and physical items!
This has been an absolutely huge undertaking, from Joe P., filling out our first application, to Chris C. and Mark E. fighting for us every step and speed bump in the road, to Tim M. putting together a donation form and incorporating the responsibility of keeping 501(c)3 records into the office of the treasurer. Everyone in the LVL1 community owes these fine folks (and many more!) their due.
This goal comes with its fair share of responsibility, though. Each and every one of us in the LVL1 community are responsible for maintaining the requirements of the 501(c)3 code. We’ve put together a short page here with some rough guidelines: http://wiki.lvl1.org/501c3 As always, if you have any questions concerning our 501(c)3 status, please feel free to email email@example.com. The long and short is this: follow the guidelines on the wiki, fill out the appropriate paperwork, mark items donated with a 501(c)3 receipt as 501(c)3 donations, and DO NOT remove 501(c)3 donated items from LVL1. These items are now LVL1 property!
Again, HUGE thanks to everyone involved in making this happen over the years. Let’s use this to our advantage, spacers! I’m looking at you, folks who have an employer match on 501(c)3 donations!