• This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn more.
[4]

What Does It Mean That We Are A Not-for-profit 501(c)(3) Corporation?

January Project of the Month [3]
[10] Like what you see?
Click here to donate to this forum and upgrade your account!
Status
Not open for further replies.

Hobby Mac

Administrator
Administrator
Joined
Mar 17, 2013
Messages
589
Likes
75
#1
- No one makes a profit from this site. All proceeds are dedicated to our charitable and educational purposes in our mission statement. Our staff are all volunteers. No one makes a salary. We run this site for educational purposes only, in order to promote the hobby of machining, to help people to learn how to use metalworking machines safely and effectively, and to perform projects for their personal enjoyment and satisfaction.

-None of the posts on this site will ever be used to help the site owners make a buck.

-Your donations to our site are tax-deductible.


-This site will not be sold to a commercial entity that will profit from your contributions. When you participate on this site, you are not making someone else rich.

-We don't provide your information to third-parties for money. We don't sell you books, magazines, or anything else to make ourselves money.

You can post elsewhere and make their owners money, or post here and help other fellow hobby-machinists. The choice is up to you.
 
Last edited by a moderator:

T Bredehoft

Active User
H-M Supporter-Premium Member
Joined
Dec 27, 2014
Messages
2,252
Likes
1,638
#2
This (501(c)(3) is recognition from the US government of the educational and charitable purposes of the forum. Recognition is not easily achieved, Nels et al should be proud.
 
N

Nels

Guest
#3
This (501(c)(3) is recognition from the US government of the educational and charitable purposes of the forum. Recognition is not easily achieved, Nels et al should be proud.
The process took about 4 months, including setting up the state corporation, state department of education permission, and the lengthy IRS application. It can take over a year. You have to be absolutely sure of your mission, and you have to be absolutely up front with the IRS about what you are doing. They will ask questions during the process, and you need to provide reasonable answers.
 
Status
Not open for further replies.
[6]
[5] [7]