Difference between revisions of "Donations"

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== Our non-profit status ==
 
== Our non-profit status ==
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Our formal name is "Bloominglabs Incorporated" and we are incorporated as a non-profit within the State of Indiana. Furthermore, Bloominglabs Incorporated is fiscally sponsored by School Factory, Inc., a 501(c)3 charitable organization.
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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].
  
  
 
== How we process monetary donations ==
 
== How we process monetary donations ==
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Since we are fiscally sponsored by the School Factory, all monetary donations are required to go through them. Our PayPal button on our front page goes directly to the School Factory, and all cash and check donations must be mailed to the School Factory. The School Factory takes 10% and then sends us back the rest. (Please note that membership dues are NOT tax deductible and should not be sent to the School Factory, we receive those directly.) Cash donations under $250 do not need to go through School Factory (and receipts for donations less than $250 are not required by the IRS), however they can be submitted if a receipt is still requested by the donor.
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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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=== Donations by check: ===
 
=== Donations by check: ===
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* Checks must be made out to "School Factory, Inc."
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* Checks and money orders must be made out to "Bloominglabs Incorporated"
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* We should check first, but cash should be in the form of a money order
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* If sending by mail, please use our P.O. box listed on our [[Location]] page.
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* Donors (or you) should add Bloominglabs to the memo line, so they know who the donation is for.
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* Get these checks to Meghan Koven, Operations Director for processing (done on a weekly basis).
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<pre>
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Mail to: School Factory, Inc.
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706 South 5th Street
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Milwaukee, WI 53204
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</pre>
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* All donations are subject to a 10% School Factory administration fee
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=== Donations by PayPal: ===
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* School Factory will then cut a check to us for the total donation amount minus the 10% fee.
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This PayPal button may be used to make donations online:
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* Fill out the Space Federation [https://docs.google.com/a/schoolfactory.org/spreadsheet/viewform?formkey=dEI4blVRYW5TMUk1YUk2c24zMlhscUE6MQ#gid=0 Donation Form] for all cash/check donations
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<html>
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<form action="https://www.paypal.com/cgi-bin/webscr" method="post" target="_top">
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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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=== Donations by PayPal: ===
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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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* Our PayPal button code identifies the funding as being for our space within the system
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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.
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* We may additionally encourage donors to identify the purpose of the donation somewhere in the system
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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 somewhere in the system.
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* 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
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* The School Factory takes its 10% fee after that
 
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* On a monthly basis, School Factory processes all PayPal donations:
 
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** Funds are transferred from PayPal to the School Factory bank account (takes 3-5 business days.)
 
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** 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.
 
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** 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]
 
  
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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].
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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.
  
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TL;DR: just fill out the [https://docs.google.com/a/schoolfactory.org/spreadsheet/viewform?formkey=dEI4blVRYW5TMUk1YUk2c24zMlhscUE6MQ#gid=0 Donation Form] for cash and check donations (and if the donor wants more than just the paypal receipt for electronic donations):
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== How we process hardware donations ==
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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.
  
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* <b>The donor must determine a reasonable and appropriate value for the item, Bloominglabs can not provide this.</b>
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* Suggestions: Check Amazon.com or Ebay.com for similar items
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* Account for the age of the item when determining its value
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* Give the donor the receipt, Bloominglabs retains the carbon-copy
  
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== How we process hardware donations ==
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== Receipts ==
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We can take in-kind hardware donations without any paperwork. If the donor would like a receipt then we need to identify an appropriate value for the item and fill out the School Factory Donation Form.
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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.
  
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* Determine a reasonable and appropriate value for the item
 
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* Suggestions: Check Amazon.comor Ebay.com for similar items
 
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* Account for the age of the item when determining its value
 
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* Complete the [https://docs.google.com/a/schoolfactory.org/spreadsheet/viewform?formkey=dEI4blVRYW5TMUk1YUk2c24zMlhscUE6MQ#gid=0 Space Federation Donation Form]
 
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* You will need to describe the donated item(s) as well as their appropriate value
 
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* School Factory will issue a formal receipt to the donor
 
  
 
[[Category: Operations]]
 
[[Category: Operations]]
 
[[Category: Support]]
 
[[Category: Support]]
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[[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.

Retrieved from "http://207.192.72.161/index.php?title=Donations&oldid=4489"
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