[OMS_MANAGERS] 501c(3) Costs?

[Angi Ford]

Hi George,

I didn't have anything to do with our 501(c)3, but I am not aware of any
licensing for bookkeepers.  Every organization I have work with has had an
accountant/CPA do their audit.  Often times this service has been
volunteered.  Do you have any accountants/CPAs on your Board or any of your
Main Street Committees?

~ Angi Ford
Sherwood Main Street

On Thu, Jul 7, 2011 at 4:08 PM, George Custer <georgecuster191 at msn.com>wrote:

>  Hello All,
>
> We in Oakridge are hoping to apply (finally) for our own 501C(3) status. We
> have been operating as a program under a local Community Dev. Corp. and want
> to be on our own. We are a small organization with a current total budget of
> less than $10,000.
>
> We plan at this time to use Legal Zoom to do the paperwork. Any comments on
> this? We know that we'll need general liability insurance. But do we really
> need the insurance for the officers? I also understand that we'll need an
> audit each year. By a CPA or can a licensed book keeper do the job?
>
> Are there any other annual costs that we will need to consider?
>
> Our community and area has around 5,000 people.
>
> Thanks for any and all comments/help.
>
> George Custer, President
> Uptown Business & Revitalization Assoc.
> P.O. Box 839
> Oakridge, Oregon  97463
> 541-225-8484
>
>
>
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-- 
Angi Ford, Sherwood Main Street
B.O.O.T.S. Coordinator
503.625.7800
www.sherwoodoldtown.com
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