Tax Status
OakView Preservation Incorporated is a corporation, not-for-profit. On December 18, 2007 OakView Preservation Incorporated received the determination letter form the IRS granting the 501(c)(3) status. OakView Preservation Incorporated became one step closer to the purchase Oak View, preservation of Oak View and sharing Oak View with the general public through self and guided tours and as a museum.
Successful operation of the museum will be accomplished by year three after organization and based on the support from friends, members and contributors. By actively soliciting donations and keeping costs to less than 15% of each dollar contributed, OVPI will be and remain debt free and thus a strong, preservation entity and corporation.
Read more about this topic: Oak View Preservation Incorporated
Famous quotes containing the words tax and/or status:
“In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
—Alexis de Tocqueville (1805–1859)
“Knowing how beleaguered working mothers truly are—knowing because I am one of them—I am still amazed at how one need only say “I work” to be forgiven all expectation, to be assigned almost a handicapped status that no decent human being would burden further with demands. “I work” has become the universally accepted excuse, invoked as an all-purpose explanation for bowing out, not participating, letting others down, or otherwise behaving inexcusably.”
—Melinda M. Marshall (20th century)