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No. The club prior to me felt there was no need to do any tax regulations at all. They were a self-proclaimed 501c7 although never registered in OH. They pay through paypal and cash. We do have an EIN number for a bank account. I am trying to get the club on track and do not have all the specifics.
Mostly donations are items for reef hobbiests to use. Dry goods or coral/fish. Money is given to Cincinnati Reefkeepers Society (I believe this is the name the club has for the bank account).
I am worried because we want to take the club in new directions. We want to get money for activities through sale of shirts, calendars, events and also raise money for zoo projects and coral foundations. I need to know if this falls outside the realm of the 501c7 and goes into the realm of 501c3. It just seems that 501c3 would not apply because of our majority focus on members and education to hobbiests.
I understand and this is why it is important for me to get this club in the right standing. It has been run and stated as a non-profit social club, but nothing has ever been applied for in the past.
Can we even be a 501c7 with the goals I stated above? Asking for donations for the club and for the advertising on shirts/calendars? Giving money to other non-profits?
I just worried because the 501c3 seemed to disallow the benefit to members that we so use in the club (pool spending money to get deals from sponsors on coral, goods, fish, etc).
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