<br><br>hello! welcome to the finance mailing list for hackerspaces :)<br><br>I'm hoping one of the things that comes out of this list is us sharing and resources we find that we think other hackerspaces would care about.<br>
I'm currently serving on the finance committee for the Makers Local 256 out of Huntsville, AL. <br><br>The idea for the list came about when I was telling people about how it helped us when Hacker Consortium out of Nashville, TN pointed us in right direction for applying for 501c3 IRS charity recognition. <br>
<br>So in that spirit, here's some interesting information I learned which might interest other hackerspaces.<br>This comes from Gumbolabs down in New Orleans, it's information about an upcoming decrease in 501c3 application fees.<br>
<br><br><br><br><br><br>----------------------<br>As I brought up in the mailing list I think it makes sense to wait on
filing the 501(c)(3) paperwork because the fees will be changing with
the release of the IRS' Cyber Assistant. At that point the fee will
drop from $850 to $200 if we use this new online service. The summary
of this impending change is listed on the IRS <a href="http://www.irs.gov/pub/irs-pdf/f1023.pdf" target="_blank">Form
1023</a>. Per the form:<br><div><div><blockquote>
<div><span style="font-size: 150%; line-height: 116%;"><span style="font-weight: bold;">Part XI. Increase in User Fees.</span></span><br>User
fee increases are effective for all applications postmarked after
January 3, 2010.<br>
<ol style="list-style-type: decimal;"><li>$400 for organizations whose
gross receipts do not exceed $10,000 or less annually over a 4-year
period.</li><li>$850 for organizations whose gross receipts exceed
$10,000 annually over a 4-year period.</li></ol>See <a href="http://www.irs.gov/" target="_blank">http://www.irs.gov</a>
web page link on Form 1023, page 12, Part XI, User Fee Information, for
the current user fees.<br>Cyber
Assistant, a web-based software program designed to help organizations
prepare a complete and accurate Form 1023 application, will become
available during 2010. Once the IRS announces the availability of Cyber
Assistant, the user fees will change again.<br><ol style="list-style-type: decimal;"><li>$200 for organizations using Cyber
Assistant (regardless of size) to prepare their Form 1023, or</li><li>$850
for all other organizations not using Cyber Assistant (regardless of
size) to prepare their Form 1023.</li></ol>IRS
will announce when Cyber Assistant is available and the effective date
of the user fee change. Sign up for the Exempt Organization (EO)
Update, EO’s subscription newsletter, at <a href="http://www.irs.gov/charities" target="_blank">http://www.irs.gov/charities</a>,
to automatically receive an alert that Cyber Assistant is available.</div></blockquote></div>
</div>----------------------<br>According to this website, "<font size="3"><font color="#ff0000"><strong>On May 7, 2010, the IRS
announced that the Cyber Assistant will be delayed. It will not be
released during calendar year 2010</strong></font>."</font><br><a href="http://501c3book.org/Cyber_1023.html">http://501c3book.org/Cyber_1023.html</a><br><br><br>~Omegix<br>Makers Local 256 (on the finance committee, Brimstone is our Treasurer)<br>
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