[Noisebridge-discuss] Noisebridge and fiscal sponsorship

[Danny O'Brien]

On Tue, Jul 31, 2012 at 7:58 PM, Praveen Sinha <dmhomee at gmail.com> wrote:
> Hello Noisebridge!
>
> I have an item up for potential consensus, and wanted to get people's
> initial feedback on it.   As some of you may know, I've been busy this year
> starting up a makerspace   http://oaklandmakerspace.wordpress.com/  in the
> east bay that is focused on bridging some gaps in STEM+AE (science,
> technology, eng, math, arts, entrepreneurship).   We have a space, and we
> are about to engage in kickstarter/indie go go fundraising.
>

Hey Praveen and oakland makerspacers!

We talked at this at meeting, and felt that we couldn't really work it
up into a consensus item until our treasurer has had a chance to talk
to you/us/our accountant/the world about this.  Kelly's having a break
after her finals, but I'm sure she'll ping you when she's back.

As a start though, I think I can channel the Treasurer when I say that
the first couple of criteria for considering this is a single point of
contact for all reporting processes, and a way of working it so that
it causes the absolute minimum of extra work for the already
overworked role of treasurer...

Otherwise though there was a lot of support for reaching out and
helping you guys, and we'd like to help out. We're just not
necessarily the speediest of organizations :)

d.


> Here's the deal:  we aren't incorporated yet, and don't have 501c3 status.
> This is sort of a glitch when it comes to fundraising because it introduces
> personal tax liability on one of us until our incorporation comes through.
> However, we have a sort of chicken+egg on doing the incorporation since all
> of our funds are currently tied up in maintaining rent for the space :).
>
> One of the things we are looking at is a fiscal sponsor for the fundraising
> process, and potentially thinking about noisebridge as a solution.   It
> would mean that incoming funds would go into Noisebridge's account, to be
> transferred at a later point once we get our paperwork through.
> Noisebridge isn't the only potential fiscal sponsor we are looking at, but
> it would be a natural fit for one successful hackerspace to help startup
> another one :)
>
> Look forward to your thoughts,
> Love,
> Praveen
>
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