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Nonprofit status for SF

post #1 of 10
Thread Starter 
Okay, this may be a crazy idea, but I was wondering whether it would be possible for Style Forum to acquire 501©(3) nonprofit status so that all contributions to the Forum would be tax deductible.  I recall from my nonprofits class in law school that a nonprofit must (1) serve a charitable purpose, and (2) not disburse profits to shareholders (but may pay officers a reasonable salary).  I am a litigator, so that is the extent of my knowledge.  Any lawyers well-versed in this area of the law care to weigh in?
post #2 of 10
We could be seeing the making of: "The Ministry for the pursuit of Sartorial (and streetwear) Knowledge" Pastors Jeremy and Steve could do Sunday morning telecasts which include healing the sartorially lame. Jon.
post #3 of 10
Just no conversions in the local pond while wearing good clothes.
post #4 of 10
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Just no conversions in the local pond while wearing good clothes.
Even bad clothing should be avoided when it comes to full-immersion baptisms. I recall a very, very ugly sight when my father was tossed in the lake during a party, while wearing a bright white Farrah Leisure Suit. Not a picture any son should have to witness. Ever.
post #5 of 10
A mission statement for Style Forum: Improving sartorial knowledge and the appearance of all who partake of the wisdom gathered by its members.
post #6 of 10
I've been through this process (501©(3)) before, and while I can't remember all the details, I do recall that it required a good deal of hoop-jumping.  Here's the basics from the IRS's website:
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To be tax-exempt as an organization described in IRC Section 501©(3) of the Code, an organization must be organized and operated exclusively for one or more of the purposes set forth in IRC Section 501©(3) and none of the earnings of the organization may inure to any private shareholder or individual. In addition, it may not attempt to influence legislation as a substantial part of its activities and it may not participate at all in campaign activity for or against political candidates. . . The exempt purposes set forth in IRC Section 501©(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and the prevention of cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erection or maintenance of public buildings, monuments, or works; lessening the burdens of government; lessening of neighborhood tensions; elimination of prejudice and discrimination; defense of human and civil rights secured by law; and combating community deterioration and juvenile delinquency.
If you want more details, here's the link
post #7 of 10
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The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erection or maintenance of public buildings, monuments, or works; lessening the burdens of government; lessening of neighborhood tensions; elimination of prejudice and discrimination; defense of human and civil rights secured by law; and combating community deterioration and juvenile delinquency.
relief of poor, distressed, or underprivileged = buying and selling forum and frequently posted discount codes? advancement of religion.. neg advancement of education.. obviously.... erection of somethign or other.. not likely lessening the burdens of goverment.. hmm.. thats a stretch the rest dont quite work either..
post #8 of 10
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erection of somethign or other.. not likely
Esp when wearing the RLPL monstrosity.
post #9 of 10
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elimination of prejudice and discrimination;
Actually, I believe we do the opposite of that.
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combating community deterioration and juvenile delinquency
Manton and disciples may believe that this is true Unfortunately, the hoodie advocacy on the Streetwear/denim forums may be doing quite the opposite
post #10 of 10
Yes, it would have to be education and historical/cultural preservation -- something along those lines. Talk to a nonprofit law attorney -- there must be precedent for nonprofits that primarily operate a website as the "business."
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