Quote:
Originally Posted by neoshaakti
I'm really confused about teams being nonprofit organizations in accordance to the IRS...
does that mean almost all FRC teams are non profit organizations because they receive donations from companies?
A teacher and myself have started up a FRC team at my school, and we are both perplexed about the IRS. The NASA grant, along with other local grants, require us to provide an IRS code...but an IRS code takes a few months to process....which means we wont be able to get a code in time for build season...
thanks for your opinions/advice in advance
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There are a few ways to approach this.
You have 2 Regional Directors and 1 Senior Mentor. I would suggest that you contact them for advice.
http://www.usfirst.org/contact.aspx?id=2988
Also Carol's presentation on 501(c)3's on the NEMO resource page.
http://www.firstnemo.org/resources.htm