Saturday, November 24, 2007

A New Non Profit To Watch

I've been a member of couchsurfing international for quite some time and I applaud their mission to make the world smaller. SO when I received this in my mail box, I thought I'd pass it on, for those who've never heard of Couch Surfing....

"Great news! After a long and difficult process lasting for more than a year, it is with great excitement that we announce the submission of our application for the federally recognized 501(c)(3) US non-profit status.

Currently, CouchSurfing International, Inc. is a legally recognized and official charitable non-profit corporation in the US state of New Hampshire. This means our purpose and any income is dedicated only to charitable non-profit use but as a locally-based organization in New Hampshire.

Submitting our application to be federally recognized "tax-exempt" non-profit organization is an exhilarating time for CouchSurfing. It shows how we have grown from a small community project into a structured charitable enterprise with a clear focus on the mission of facilitating intercultural understanding. This status will also provide several large and dynamic benefits that will serve to ensure the CouchSurfing community remains strong, sturdy and sustainable.

The advantages of 501(c)(3) non-profit status include:

* Worldwide recognition as a philanthropic
organization that complies with legal
requirements for charitable endeavors
* Increased legal protections and accountability
* Eligibility for financial grants
* Donations to CouchSurfing will be tax-deductible
in the US"

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