On Thu, Dec 1, 2016 at 4:58 PM, Brady Kittel <[log in to unmask]> wrote:

Thanks for the clarification Jay, so what I was getting at is MICE would owe taxes on the value of the donation if it were not classified as a non-profit when the donation was received.

On Thu, Dec 1, 2016 at 4:52 PM, Jason Hanke <[log in to unmask]> wrote:
Also just a big thanks to USI (and Arista?) for the donation. This is not a small amount of hardware. I'm a bit behind the curve but I'm assuming the IX has cleared the hurdles for proper federal non-profit status now? I only ask as we sure don't want to have to pay taxes on the value of a 7504 with blades next April if we aren't yet and thus would need to stall on taking actual possession of the equipment until non-profit status is achieved.

Our request for 501c6 status has been filed. MICE is allowed to operate as a 501c6 until the IRS tells us otherwise. Donations are not tax deductible but port fees may be tax deductible as business expenses.

Jay

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Jay Hanke

CTO

Neutral Path Communications

3 Civic Center Plaza, Suite 204

Mankato, MN 56001

(507) 327-2398 mobile

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