Difference between revisions of "Donations"

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(Updated to reflect our new 501c3 status)
(How we process hardware donations)
 
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Our full name is "Bloominglabs Incorporated" and we are a charitable non-profit incorporated within the State of Indiana. We have 501(c)3 status through the IRS which can be confirmed with [http://apps.irs.gov/app/eos/pub78Search.do?ein1=&names=Bloominglabs&city=&state=All...&country=US&deductibility=all&dispatchMethod=searchCharities&submitName=Search this link].
 
Our full name is "Bloominglabs Incorporated" and we are a charitable non-profit incorporated within the State of Indiana. We have 501(c)3 status through the IRS which can be confirmed with [http://apps.irs.gov/app/eos/pub78Search.do?ein1=&names=Bloominglabs&city=&state=All...&country=US&deductibility=all&dispatchMethod=searchCharities&submitName=Search this link].
  
Additionally, Bloominglabs Incorporated is fiscally sponsored by School Factory, Inc., a 501(c)3 charitable organization.
 
  
 
== How we process monetary donations ==
 
== How we process monetary donations ==
We can directly receive cash donations and issue tax-deductible receipts. We are in the process of updating our PayPal account to reflect our new charitable status.
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We can directly receive cash donations and issue tax-deductible receipts. Please note that membership dues are NOT tax deductible and should not be sent as a donation.
 
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(Please note that membership dues are NOT tax deductible and should not be sent as a donation or sent to the School Factory, we receive those directly.)
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=== Donations by check: ===
 
=== Donations by check: ===
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=== Donations by PayPal: ===
 
=== Donations by PayPal: ===
We will soon have a new PayPal button that sends money directly to us. In the mean time, we still use our fiscal sponsor's PayPal button for electronic donations.
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This PayPal button may be used to make donations online:
  
* Our PayPal button code identifies the funding as being for our space within the system
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<html>
* We may additionally encourage donors to identify the purpose of the donation somewhere in the system
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<form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_top">
** Ex: Does the donor expect their donation to be used for a specific event or purpose? If so, they need to note that somewhere in the system.
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<input type="hidden" name="cmd" value="_s-xclick">
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<input type="hidden" name="hosted_button_id" value="J7WBD5CUBZWVN">
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<input type="image" src="https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif" border="0" name="submit" alt="PayPal - The safer, easier way to pay online!">
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<img alt="" border="0" src="https://www.paypalobjects.com/en_US/i/scr/pixel.gif" width="1" height="1">
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</form>
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</html>
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* Donors may choose to identify the purpose of the donation somewhere in the system - but this is not required.
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** Ex: Does the donor expect their donation to be used for a specific event or purpose? If so, they need to note that as a comment. Otherwise, funds will be directed for any purpose needed by Bloominglabs.
 
* PayPal takes 2-3% off the top of all donations it processes online
 
* PayPal takes 2-3% off the top of all donations it processes online
* The School Factory takes its 10% fee after that
 
* On a monthly basis, School Factory processes all PayPal donations:
 
** Funds are transferred from PayPal to the School Factory bank account (takes 3-5 business days.)
 
** Once the funds have hit the bank account, they will then cut a check to us for the NET donation amount minus the 10% fee.
 
** If any of our donors would like to receive a formal receipt (beyond the verbiage that PayPal provides), fill out the Space Federation [https://docs.google.com/a/schoolfactory.org/spreadsheet/viewform?formkey=dEI4blVRYW5TMUk1YUk2c24zMlhscUE6MQ#gid=0 Donation Form]
 
  
More information about this process: [https://atrium.schoolfactory.org/spacefed/node/28962 https://atrium.schoolfactory.org/spacefed/node/28962]
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=== Amazon Smile ===
 
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We have an  [http://smile.amazon.com/ch/46-1572418 Amazon Smile Account For Bloominglabs].
Cash and check donations no longer have to be sent through the School Factory, nor do we need to notify them for these types of donations.
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Using this link to place an order on Amazon allows us to get a small cut of the purchase price. This does not cost you anything.
  
 
== How we process hardware donations ==
 
== How we process hardware donations ==
 
We can take in-kind hardware donations and issue tax deductible receipts.<font color="red">It is also important to note here that we need to be selective now, that is to say that we should not accept any more busted inkjet printers and the like. However working tools and useful donations are accepted.</font> Paper donation forms are kept on a clip-board near the main entry way.
 
We can take in-kind hardware donations and issue tax deductible receipts.<font color="red">It is also important to note here that we need to be selective now, that is to say that we should not accept any more busted inkjet printers and the like. However working tools and useful donations are accepted.</font> Paper donation forms are kept on a clip-board near the main entry way.
  
* Determine a reasonable and appropriate value for the item
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* <b>The donor must determine a reasonable and appropriate value for the item, Bloominglabs can not provide this.</b>
 
* Suggestions: Check Amazon.com or Ebay.com for similar items
 
* Suggestions: Check Amazon.com or Ebay.com for similar items
 
* Account for the age of the item when determining its value
 
* Account for the age of the item when determining its value
* Keep one receipt for Bloominglabs and give the donor a copy
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* Give the donor the receipt, Bloominglabs retains the carbon-copy
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== Receipts ==
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A pad of carbon-paper receipts for donations can be found on a clipboard on the left as you walk in the front door. Receipts are required for donations with a value over $250.
  
== Keeping Track ==
 
For all donations of hardware (in-kind) please add the item and the donators info on this page: [[Donated Items]].
 
  
 
[[Category: Operations]]
 
[[Category: Operations]]
 
[[Category: Support]]
 
[[Category: Support]]
 
[[Category: Donation]]
 
[[Category: Donation]]

Latest revision as of 18:37, 10 May 2021

Contents

[edit] Our non-profit status

Our full name is "Bloominglabs Incorporated" and we are a charitable non-profit incorporated within the State of Indiana. We have 501(c)3 status through the IRS which can be confirmed with this link.


[edit] How we process monetary donations

We can directly receive cash donations and issue tax-deductible receipts. Please note that membership dues are NOT tax deductible and should not be sent as a donation.

[edit] Donations by check:

  • Checks and money orders must be made out to "Bloominglabs Incorporated"
  • If sending by mail, please use our P.O. box listed on our Location page.

[edit] Donations by PayPal:

This PayPal button may be used to make donations online:

  • Donors may choose to identify the purpose of the donation somewhere in the system - but this is not required.
    • Ex: Does the donor expect their donation to be used for a specific event or purpose? If so, they need to note that as a comment. Otherwise, funds will be directed for any purpose needed by Bloominglabs.
  • PayPal takes 2-3% off the top of all donations it processes online

[edit] Amazon Smile

We have an Amazon Smile Account For Bloominglabs. Using this link to place an order on Amazon allows us to get a small cut of the purchase price. This does not cost you anything.

[edit] How we process hardware donations

We can take in-kind hardware donations and issue tax deductible receipts.It is also important to note here that we need to be selective now, that is to say that we should not accept any more busted inkjet printers and the like. However working tools and useful donations are accepted. Paper donation forms are kept on a clip-board near the main entry way.

  • The donor must determine a reasonable and appropriate value for the item, Bloominglabs can not provide this.
  • Suggestions: Check Amazon.com or Ebay.com for similar items
  • Account for the age of the item when determining its value
  • Give the donor the receipt, Bloominglabs retains the carbon-copy

[edit] Receipts

A pad of carbon-paper receipts for donations can be found on a clipboard on the left as you walk in the front door. Receipts are required for donations with a value over $250.

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