[CIMC-work] not for profit?

[ChrisGeovanis at aol.com]

This is an important point, so I just want to make sure people are clear on 
it. Our lack of a 'board of directors' has nothing to do with our tax-exempt, 
not-for-profit status. Our fiscal agent, 8th Day, assumes technical fiscal 
responsibility in terms of our use of funds, et al, under these parameters, and we 
function under the auspices of 8th day as an autonomous, sanctioned 
not-for-profit project.

Re the 'board of directors' issue, Crossroads has informally approached us 
about our soliciting grant funds from them -- but -- their grantsmaking process 
requires us to submit grants that outline our 'board of directors', a 
heirarchical structure we have chosen not to adopt, in keeping with Indymedia 
principles. I feel fairly confident that we could struggle with Crossroads on this 
issue, and they would consider funding us (given that they've funded many other 
projects that function with 501(c)3 fiscal agents, as well).

There are also other issues of importance to Crossroads in their grantmaking 
process; they generally want to see diversity in gender, sexual orientation 
and race in their grantees. We'd also have to tackle this issue with them, since 
we don't have direct collective members that self-identify in meetings as 
queer, and we have no Black or Latino collective members that attend meetings, 
although we work closely with queer, Black and Latino projects.

christine

In a message dated 11/20/03 8:39:00 AM Central Standard Time, 
garthliebhaber at care2.com writes:


> Subj:Re: [CIMC-work] not for profit? 
> Date:11/20/03 8:39:00 AM Central Standard Time
> From:<A HREF="mailto:garthliebhaber at care2.com">garthliebhaber at care2.com</A>
> To:<A HREF="mailto:thomasmyun at yahoo.com">thomasmyun at yahoo.com</A>, <A HREF="mailto:imc-chicago-working at lists.indymedia.org">imc-chicago-working at lists.indymedia.org</A>
> Sent from the Internet 
> 
> 
> 
> Thomas, no we're not.  we would have to have a board of directors, etc. and 
> decided we didn't want to 
> play that game, for better or worse.
> 
> 8th day has helped us when it came to needing a 501(c)3 organization.
> 
> g.
> 
> Help the planet each day! It's free and easy:
> http://www.Care2.com/dailyaction/
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