Wednesday, December 28, 2011

Non-Profit Status Update

Well folks, we are almost there. The letter we have been waiting for has finally arrived in the mail - a notice from the IRS that they have received our application for tax-free status, and a request to answer some additional questions about the agency and the way we are organized. Bill Butler, our president, is answering these questions and submitting some information to the Secretary of State for processing. He estimates that in mid-February we will be a legitimate non-profit organization!

Although ASRC has been working, fund-raising and brainstorming since the summer, the final designation of 501(c)3 non-profit status allows us to purchase items without paying tax, and allows donors to deduct any donations they make to our organization. Any donations made before this declaration will be retroactive to the time ASRC opened its doors - back to July of 2011.