Difference between revisions of "Free Geek's status as a nonprofit"

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: 1731 SE 10th Av
 
: 1731 SE 10th Av
 
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: Portland, OR 97214
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; TIN
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: 93-1292010
  
  
 
[[Category:Startups]]
 
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[[Category:AboutFG]]

Revision as of 16:08, 27 April 2006

People often ask questions like these ones:

  • Is FreeGeek a "charity" according to the IRS?
  • What's the difference between a charity and a nonprofit?
  • Is "FreeGeek" the official name?

Simple answer: Free Geek, Inc. is a charity according to the IRS.

Types of nonprofits

There are several different type of nonprofits that are defined by IRS codes. Broadly speaking a nonprofit (aka non-profit, not-for-profit, etc.) is an incorporated organization that exists for purposes other than making a profit. This could be a foundation, union, school, business association, political party, hospital, etc., as well as a charity.

501(c)(3) status

501(c)(3) is the classification for tax-exempt charities, such as Free Geek. (Generally speaking, 501(c)(3) organizations don't need to pay taxes. Also people can deduct donations to us off their income taxes.) This can be a difficult status to obtain, but we got our provisional status rather quickly in 2000. In November of 2005 (5 years later) we received the confirmation letter from the IRS, so we are no longer provisional.

Stats

Official name and address
Free Geek, Inc.
1731 SE 10th Av
Portland, OR 97214
TIN
93-1292010