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 I don't know about you but i would love to have a grilled cheese maker in the workshop. - CMBrandon [more] |
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| I don't know about you but i would love to have a grilled cheese maker in the workshop. - CMBrandon [more] |
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#3
10-03-2009, 23:47
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501(c)(3) provides the most freedom
Team Overdrive (FRC 2753) formed a 501(c)(3) non-profit educational organization three years ago to start our FTC (then FVC) program. It has worked wonderfully. As a group of home educated students. we recognized the need to have an IRS recognized organization to solicit funds from industry -- the 501(c)(3) is the key. 4-H is also a good route. However, if you want autonomy, a 501(c)(3) is best.
See IRS publication 555 to get started. You can visit our non-profit website at www.teen-technology.org. We have links to our FRC 2753 Team Overdrive and Power Surge (FTC). We are Rookies this year in FRC. 
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