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Author Topic: Pedro's and SPAH raided by Immigration/Police/Customs  (Read 5546 times)
bethieb
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« Reply #60 on: January 02, 2010, 01:02:08 PM »

Right DS, you can just set up a stateside non profit corp that will elect a board and have elected officers, who will run the day to day operations, etc.  It does take a lot of volunteered time and it is helpful to have a volunteer legal professional to facilitate legal meeting, records and reporting requirements.  It can serve to the benefit of any charity anywhere in the world.  It can even get the 501c status with the IRS if it operates under the status granted per its application for same.
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« Reply #61 on: January 02, 2010, 08:32:33 PM »

My wife and I have looked into this quite a bit as we've considered setting up a US based non-profit to benefit Belize.  Anyone can establish a charity in the US and that charity may be for the benefit of anyone inside or outside the US.  A foreign charity though must establish a US based non profit corporation and register that non-profit with the IRS.  It's really not that expensive to establish, but there are reporting requirements that must be kept up and if you are having boards and members, then you have the normal politics involved with non-profits to deal with.  Total cost to set up is around $1000 unless you want to get lawyers involved.

What I want to do is pretty cool but involves writing some software to guarantee transparency and unfortunately will probably have to wait until I make some more progress on other projects.
There are limits on who and/or what may benefit from a charity. A 501(c)(3) with annualized income less than 10k has a $400 fee. Over that amount is $850. Those fees went up 1/3/10. Humane efforts nearly always qualify. See IRS Form 1023.
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« Reply #62 on: January 02, 2010, 08:37:20 PM »

There are limits on who and/or what may benefit from a charity. A 501(c)(3) with annualized income less than 10k has a $400 fee. Over that amount is $850. Those fees went up 1/3/10. Humane efforts nearly always qualify. See IRS Form 1023.

There are also costs in establishing the non-profit corporation.  We looked at rushing through the paperwork at the end of the year to save the fee increase but we just weren't at a point to do it yet.
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