Not-For-Profit Status

It's official, we are a registered Canadian Not-For-Profit. What does that mean? Now what? 

It took me a long time to look at this in a positive frame. 

Registering means:

• Increased meetings

• Increased paperwork

• Added expenses 

• We don't pay income tax (doesn't apply to us currently)

• Google says it will improve credibility (more on that later)

• We can apply for funding/grants 

• We get to pay for insurance

The credibility part bothers me. Credibility is earned by what we have done and continue to do in the community, not by a number issued by the government. 

Why did we do it then? We did it so that in a year, and $5,000.00 (if rates don't increase) later, we will be able to file for our charity status. Doing this, along with our registered not-for-profit status, opens up bigger doors for fundraising and issues receipts to donors. 

So it's a long game. 

No, as a not-for-profit, we cannot issue receipts for tax purposes, but registering as a not-for-profit is a significant step for us, and we are excited about it. 

Stay tuned for all the information on our board members, officers, our bylaws, and other super boring stuff.