Just got this document from the City of Greensboro Legal Department. Grassroots is exempt from business license requirements because they remain a non profit according to the North Carolina Secretary of State but weren't we told by the News & Record and other media outlets that Grassroots lost their non profit status and would be converted to a for profit business after paying back taxes? Is Grassroots a non profit or a for profit corporation?
So I picked up the telephone and called someone at Grassroots. It seems contributions are made through the Community Foundation of Greater Greensboro while Grassroots attempts to restore their 501 c 3 Federal non profit tax status. I can only wonder how much the Community Foundation charges in management and pass-through fees.
So for now Grassroots is a non profit except that they're not really a non profit or a for profit until if and when their status is decided by the Federal government.
Now if the City Legal Department had simply answered a simple question all this BS wouldn't have been necessary.
So I picked up the telephone and called someone at Grassroots. It seems contributions are made through the Community Foundation of Greater Greensboro while Grassroots attempts to restore their 501 c 3 Federal non profit tax status. I can only wonder how much the Community Foundation charges in management and pass-through fees.
So for now Grassroots is a non profit except that they're not really a non profit or a for profit until if and when their status is decided by the Federal government.
Now if the City Legal Department had simply answered a simple question all this BS wouldn't have been necessary.
