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Quick Nonprofit Update
As of November 1, 2024 (it took some time for the notice to arrive), the Metafilter Community Foundation exists as an officially registered Delaware nonprofit non-stock corporation.
What this means:
1. We can now get an EIN, apply for a bank account, and apply to the IRS for not-for-profit designation.
2. The interim board of directors can get to work. We will have to adopt bylaws, approve (with community input) a policy and procedures manual, obtain insurance, and transfer the existing LLC and its assets into the new entity, among many other tasks.
We have a lot of work ahead. [more inside]
What this means:
1. We can now get an EIN, apply for a bank account, and apply to the IRS for not-for-profit designation.
2. The interim board of directors can get to work. We will have to adopt bylaws, approve (with community input) a policy and procedures manual, obtain insurance, and transfer the existing LLC and its assets into the new entity, among many other tasks.
We have a lot of work ahead. [more inside]
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