Need some help here

[Titchou]

Originally Posted by ΣKΞFounder

We are still with our Beta and we are still Greek. Just because the Alpha's are having issues does not mean they should be cast out from the Fraternity. We do not believe that is right. We just received our papers today and we are officially Sigma Kappa Xi Multicultural Fraternity Inc. and we are all very proud and excited to be a non-prof Inc. fraternity.

So you've gotten your 501 C 7 Letter of Determination from the IRS?

[Sen's Revenge]

Originally Posted by ΣKΞFounder

We are still with our Beta and we are still Greek. Just because the Alpha's are having issues does not mean they should be cast out from the Fraternity. We do not believe that is right. We just received our papers today and we are officially Sigma Kappa Xi Multicultural Fraternity Inc. and we are all very proud and excited to be a non-prof Inc. fraternity.

Congrats on your incorporation! I am an incorporator of Gamma Xi Phi. :-)

Originally Posted by Titchou

So you've gotten your 501 C 7 Letter of Determination from the IRS?

You don't need to have a determination letter to be incorporated or refer to yourself as nonprofit. One should have plans to get one eventually, but they will get that done on the time frame which works for them.

ETA: For the record, I am not saying that it is proper or legal for them to pretend to have a tax-status that they do not have or to accept donations or apply for grants meant for 501 (c)(3) organizations. I am saying that the tax determination letter is not the most important thing for a young organization. Incorporation is good, getting a (c)(7) or (c)(10) tax designation is a nice goal, as is trademarking the symbols and securing insurance. When you're a small organization of limited means, you take one thing at a time.

One can identify as a nonprofit org on the local/state level without having a federal designation.

[Titchou]

Originally Posted by Sen's Revenge

Congrats on your incorporation! I am an incorporator of Gamma Xi Phi. :-)



You don't need to have a determination letter to be incorporated or refer to yourself as nonprofit. One should have plans to get one eventually, but they will get that done on the time frame which works for them.

ETA: For the record, I am not saying that it is proper or legal for them to pretend to have a tax-status that they do not have or to accept donations or apply for grants meant for 501 (c)(3) organizations. I am saying that the tax determination letter is not the most important thing for a young organization. Incorporation is good, getting a (c)(7) or (c)(10) tax designation is a nice goal, as is trademarking the symbols and securing insurance. When you're a small organization of limited means, you take one thing at a time.

One can identify as a nonprofit org on the local/state level without having a federal designation.

Oh, I agree. In fact, one must first file locally (and it's usually with the county, not the city) and get an EIN which one will need to file the 1024 (or 1023 if they want to be a C 3) with the IRS to get the letter of determination which they will need to file their 990 tax return. I've done quite a few. I was just trying to figure out exactly what he meant.

[MysticCat]

Originally Posted by Titchou

I was just trying to figure out exactly what he meant.

She meant that ΣKΞ has been incorporated (by the state, I would assume) as a not-for-profit corporation.

Congrats ΣKΞFounder, and good luck!

[ΣKΞFounder]

Originally Posted by Sen's Revenge

Congrats on your incorporation! I am an incorporator of Gamma Xi Phi. :-)



You don't need to have a determination letter to be incorporated or refer to yourself as nonprofit. One should have plans to get one eventually, but they will get that done on the time frame which works for them.

ETA: For the record, I am not saying that it is proper or legal for them to pretend to have a tax-status that they do not have or to accept donations or apply for grants meant for 501 (c)(3) organizations. I am saying that the tax determination letter is not the most important thing for a young organization. Incorporation is good, getting a (c)(7) or (c)(10) tax designation is a nice goal, as is trademarking the symbols and securing insurance. When you're a small organization of limited means, you take one thing at a time.

One can identify as a nonprofit org on the local/state level without having a federal designation.

We do have our papers :3 and we are looking into insurance. It is so expensive though! We are taking things one step at a time because we are small now, but that does not mean we are not mighty! We are hoping to have insurance in two to three years.