[ZF] Why is non-profit status important?

Benji York benji at benjiyork.com
Fri Feb 10 15:46:52 UTC 2012


On Fri, Feb 10, 2012 at 10:21 AM, Jim Fulton <jim at zope.com> wrote:
> On Fri, Feb 10, 2012 at 9:14 AM, Jim Fulton <jim at zope.com> wrote:
>> Aroldo's note prompts me to ask:
>> Why is non-profit status so important?
>>
>> Do we think the amount of contributions would be substantially
>> different if the Foundation was non-profit? I'm skeptical.
>>
>> Given that the board members are all busy, pursuing non-profit
>> status seems like a waste of time.
>
> Note:
>
> - Rob Page pointed out to me in person that without non-profit
>  status, any Foundation Income in excess of expenses is taxed.
>  I don't know if this is an issue, but I still doubt it's worth worrying
>  about.

That's a good point.

Is it not already paying taxes because it's for-profit at this time?
There's been at least one tax year to end since the ZF was created, I
suppose it payed taxes then.  We can use that as a measure of how much
being for-profit would hurt.

-- 
Benji York


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