MRechlicz Posted February 27, 2011 Report Share Posted February 27, 2011 Is IPMS considered a non-profit? Thanks Mike Link to comment Share on other sites More sharing options...
Ron Bell Posted February 28, 2011 Report Share Posted February 28, 2011 Yes, but I'll leave the details to the experts as to what form of 401-34-yhA67B-2 it is in the current simplified tax system. Link to comment Share on other sites More sharing options...
JohnRatzenberger Posted February 28, 2011 Report Share Posted February 28, 2011 Is IPMS considered a non-profit? Thanks Mike As Ron said, Yes. The Constitution says "We, a group of individuals united by a common bond of mutual interest, do hereby establish a non-profit association of plastic modelers and modelerswith the purpose and objective set forth herein." I'll not repeat the rest, you can see it at http://ipmsusa.org/M...BL_2003/CBL.htm As such, we are organized, in the state of Georgia, under IRS 501( c )( 7 ) -- Social and Recreation Clubs. With such a brief question, I am unsure if this information is adequate for your purposes, so you might want to contact myself or Dick Montgomery if you have some detail questions about our status as it relates to a chapter or a member. Link to comment Share on other sites More sharing options...
jcorley Posted February 28, 2011 Report Share Posted February 28, 2011 If you're thinking about donating something, the 503©(7) club designation does not allow for the deduction of most things according to our accountant. Ipms Metro Atlanta was incorporated under this chapter back in 2003 for our 2005 show and we've kept it active out of convenience to run our local show. As an official non-profit we get price & tax breaks on stuff. Link to comment Share on other sites More sharing options...
jcorley Posted February 28, 2011 Report Share Posted February 28, 2011 If you're thinking about donating something, the 503©(7) club designation does not allow for the deduction of most things according to our accountant. Ipms Metro Atlanta was incorporated under this chapter back in 2003 for our 2005 show and we've kept it active out of convenience to run our local show. As an official non-profit we get price & tax breaks on stuff. Link to comment Share on other sites More sharing options...
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