Difference between revisions of "Free Geek's status as a nonprofit"
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Revision as of 16:42, 6 June 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 or EIN
- 93-1292010