[HOT] HOT is Now Tax Exempt in the US

Alex Barth alex at mapbox.com
Fri Mar 1 03:54:35 UTC 2013


w00t!


On Thu, Feb 28, 2013 at 8:00 PM, Kate Chapman <kate at maploser.com> wrote:

> Hi All,
>
> We received some very good news today. HOT received notification from
> the Internal Revenue Service (IRS) of the United States that we have
> been approved and are now a 501(c)(3). 501(c)(3) status is a tax
> exempt status in the United States. We had applied back in November
> with the assistance of a lawyer to obtain this status. This was one of
> the goals from the strategic planning process carried out by the board
> last year.
>
> This status makes us exempt from federal taxes in the United States.
> There are also additional benefits. People and organizations that
> donate to us now are able to deduct their donations from their own
> taxes as well. This makes us eligible for a variety of corporate
> donation programs we were not previously. There are also fondations
> that require organizations to have this status to apply for grants as
> well.
>
> So this may seem like a bureaucratic, administrative thing (which it
> is), but also it i will give us more resources to continue to do all
> the work that we are currently doing and more!!
>
> Thank you everyone for volunteering with us, without your help we
> wouldn't have a purpose and there wouldn't be much point in applying
> for things like this.
>
> For those more interested in the status the Wikipedia article has some
> more details: http://en.wikipedia.org/wiki/501(c)_organization
>
> Best,
>
> -Kate
>
> _______________________________________________
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> HOT at openstreetmap.org
> http://lists.openstreetmap.org/listinfo/hot
>
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