Difference between revisions of "FOTSC/SpaceFed"

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(Created page with "Space Federation "It's like Star Trek. For nerds."")
 
(Note on costs of 501c3 added)
 
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Space Federation
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To learn more about the Space Federation, check out the [http://atrium.schoolfactory.org/spacefed Space Federation] Atrium group in the School Factory's site.
"It's like Star Trek. For nerds."
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The basic idea:
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We're building a nationwide network of hacker/maker/collaborative workspaces, sharing resources and infrastructure (just like spaces do with their community) such as non-profit status, insurance, leadership support, technology, grants, sponsorship, funding, and more.
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It doesn't cost anything for ATX to join!
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You can in addition side-step the entire 501c3 cost and process by obtaining your 501c3 status through the School Factory, for those times when you need it. Fiscal Sponsorship is a legal way for an existing 501c3 to extend its status over an organization or project without that group needing to get its own status.
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Read all about that: [http://atrium.schoolfactory.org/spacefed/sponsorship Fiscal Sponsorship]
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This also costs ATX nothing, unless you use the status--when we manage a donation for you (not cash, not anything under $250 in a whole year from a single person) we take 10% of the donated amount, and manage all the tax and legal accounting. We then direct deposit the money to you in the checking account for your space. (Keep in mind getting your own 501c3 status is daunting, expensive, and complex--while it costs a few hundred to get it initially, you can spend anywhere from $2500-$12000 a year maintaining it, from a compliance and accounting perspective.)
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We recommend you create a non-stock corporation in Texas (costs about $30) to be the 'legal entity' and then we link that entity under our status using a couple of forms, all of which is explained in the links above.
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If you have any questions about this, please contact me:
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James Carlson
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414-215-0215
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james@schoolfactory.org

Latest revision as of 19:56, 30 November 2011

To learn more about the Space Federation, check out the Space Federation Atrium group in the School Factory's site.

The basic idea: We're building a nationwide network of hacker/maker/collaborative workspaces, sharing resources and infrastructure (just like spaces do with their community) such as non-profit status, insurance, leadership support, technology, grants, sponsorship, funding, and more.

It doesn't cost anything for ATX to join!

You can in addition side-step the entire 501c3 cost and process by obtaining your 501c3 status through the School Factory, for those times when you need it. Fiscal Sponsorship is a legal way for an existing 501c3 to extend its status over an organization or project without that group needing to get its own status.

Read all about that: Fiscal Sponsorship

This also costs ATX nothing, unless you use the status--when we manage a donation for you (not cash, not anything under $250 in a whole year from a single person) we take 10% of the donated amount, and manage all the tax and legal accounting. We then direct deposit the money to you in the checking account for your space. (Keep in mind getting your own 501c3 status is daunting, expensive, and complex--while it costs a few hundred to get it initially, you can spend anywhere from $2500-$12000 a year maintaining it, from a compliance and accounting perspective.)

We recommend you create a non-stock corporation in Texas (costs about $30) to be the 'legal entity' and then we link that entity under our status using a couple of forms, all of which is explained in the links above.

If you have any questions about this, please contact me: James Carlson 414-215-0215 james@schoolfactory.org