[OMS_MANAGERS] 501c(3) Costs?

[Marya Nowakowski]

I would also like to recommend the Oregon Non Profit Handbook
http://www.nonprofitoregon.org/catalog/oregon-nonprofit-corportation-handboo
k  it is an excellent guide for forming a non profit.

 

One pitfall to look out for is deciding to be a membership organization or
not.  An example of a membership organization would be the Chamber, Rotary,
etc.  They are not 501c3s and as such might not be eligible for foundation
grants.

 

Marya Nowakowski

City of Enterprise, Oregon

A Preserve America Community

541-426-4196

 



 

 

  _____  

From: oms_managers-bounces at listsmart.osl.state.or.us
[mailto:oms_managers-bounces at listsmart.osl.state.or.us] On Behalf Of George
Custer
Sent: Thursday, July 07, 2011 4:09 PM
To: oms_managers at listsmart.osl.state.or.us
Subject: [OMS_MANAGERS] 501c(3) Costs?

 

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 
 
  

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://omls.oregon.gov/pipermail/oms_managers/attachments/20110711/45037e56/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 2735 bytes
Desc: not available
URL: <https://omls.oregon.gov/pipermail/oms_managers/attachments/20110711/45037e56/attachment.jpg>