501c3 Status

Primary task masters: Dan and Mark

1. Get a Seattle City Business license - $67 with late fees and credit/debit surcharge.
   DONE by mfoster...awaiting paperwork via postal mail
2. Unify our two state business licenses - License 1 & License 2 - I'll look into this
   ^^ why? we have two but one is old/expired so why does this need to be done?
3. File our state taxes with the Department of Revenue - We can almost assuredly declare no revenue, donations are not counted as revenue if your a state nonprofit. - Medium priority, can easily be backdated.
   ^^ who is doing this, and when?
4. Create a EIN/TIN or create one if we don't have one.
   DONE by mfoster..EIN Assigned (2014-04-25): 46-5557264
5. Register a DUNS Number
   <--who is doing this and when? Dan?
6. Secure a signed letter stating that we operate under the Filipino Community Center's 501c3 status & get a copy of the IRS Letter of Determination of 501c3 status for the Filipino Community Center.
   ^^ Who's doing this and when? Jon?
7. Open a checking account - BECU seems to be the favorite, we should do a quick market survey beforehand though.
   mfoster will do this soon (May?), and now that we have an EIN it should be non-blocked. However I (mfoster) need paperwork from Jon to move forward, namely the articles of Incorporation
8. Open a credit card, build credit so we may avoid deposits on monthly services when we get them, and make getting loans or renting/leasing space significantly easier.
9. 501c3 filing - step by step guide by the IRS (url?), ask to expedite to avoid waiting potentially 3 to 11 months.
   There are a few steps here... 1) draft the paperwork 2) review with a lawyer 3) file with the IRS.
10. Then we're a full blown 501c3 & could start sponsoring other up and coming nonprofits, give tax deductible donation receipts (we already do this often through FCS), etc