Going to be a tough sell to my dad to use his trailer to drive abandoned golf carts and equipment to KC, but I bet he’s hauled weirder stuff before.
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I’ll look into it this evening when I get home… At first glance the fee schedule on Kickstarter seems a bit egregious, but will see how all that breaks down and report back.
I bet it woulden’t take much more than new batteries to get those EZ GO’s moving again. Could be worth a shot at the fairway mower too.
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$17 entire dollars for all those goodies? What a deal.
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Also, want to make it known that I support any purchasing decision you make and am willing to deliver (preferably not in the dead of winter).
Side note: saw the new ad campaign for Prairie club. Anyway we can wrap up a BCN/RACDG spring kick off event. Meet up at BCN for kick off and caravan? Just a thought.
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That place looks awesome. I want to go.
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I’m going this year…somehow.
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I went up there this past August. Unreal. So many HORSE course vibes at BCN.
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We should use both trailers and go snag all that shit lol
Texts from @BCNSuper
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Wow. Just read this entire thread today. In awe at seeing the journey from beginning to current. Really just wish I saw this earlier.
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NW suburb of Indianapolis. My guess 7 hour drive from KC on 70?
Sounds about right. Just wish they could be looked at before making the full day trip.
Embarrassed to admit that this is my first time seeing this thread, not sure how I completely missed it for so long. And then to find out the magic is happening in my home town, I feel sick. At any rate, this is all amazing and congrats on all of the progress so far, I look forward to the future of BCN along with the rest of you.
This seals it for me, I had previously thought of taking the first ever intentional golf trip to KC (mostly a nostalgia thing, to play the courses I grew up playing one more time) and now I have to do it.
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Sweet. We will see ya soon at BCN!
Don’t forget to sign up to become a member. We have an announcement coming in the next 2 days.
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@sundaybag here is what I found from a little research about the two…
GoFundMe
– 2.9% Processing Fee (for payment) + 0.30 per donation
– You do not have to meet your goal in order to withdraw
As for Taxes, here is what their website states:
Donations made to GoFundMe Personal campaigns are generally considered to be personal gifts and are not guaranteed to be tax-deductible. You can always check with a tax professional to be sure.
KickStarter
– 5.0% Kickstarter Fee / 3% Payment Processing Fee + $0.20 per pledge
---- (donations under $10 have micropledge fee of $0.05 per pledge)
– You must meet your goal in order to withdraw the funds, unsure of what the minimum is
Would imagine their tax policy is much the same.
So sounds like you would almost have to create a 501.C.7, and accept any donations through that so it would not mess with your taxes in any way.
501.C.7: Social and Recreational Clubs
There are only a few hundred 501(c)7 groups registered with the IRS. To qualify, the entity has to be created solely for recreation or other social purposes, so you’ll often see country clubs with a 501(c)7 status. Though these entities do collect dues, any money coming in has to be used in the best interest of the club’s members. And, since no profit is generated, there is nothing to tax.
It should be pretty cut and dry for selling merch or taking donations as long as the funds went to purchase equipment or something it would be easy to show the correlation from money raised to the expense it funded. I handle the treasury side of our small neighborhood HOA and it works much the same since we take dues and utilize that fund to pay for road maintenance.
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Okay this is extremely helpful. KickStarter can go kick rocks.
Any thoughts on setting up an LLC for the merch and taking a personal risk with something like GoFundMe? If things went absolutely spectacularly and we raised 10K in donations, that would blow any wishes/outside goals out of the water. What I am saying is that if we were to collected a few thousand in donations or “gifts”, I’m willing to take the risk of paying the taxes on that out of pocket.
A slightly further explanation for you. It really only becomes an issue after either $20,000 in total payment OR 200 transactions are processed through GoFundMe. At that point they are required by tax law to issue you, the recipient of they money a 1099-K (similar to if you win enough at the casino). At that point, in the eyes of the IRS, it’s considered income by default. But a tax pro can make a negative adjustment to offset it with a corresponding written statement explaining the money was gifted with no expectation of any return benefit for the contributors. This is pretty simple to do when the dollars are paying cancer treatment bills; wouldn’t be so clear cut for funding BCN. But again, none of this really matters until you hit one of those thresholds.
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Okay this is great news. If we got 20K in donations, BCN would be firing like Augusta in April. Sounds like GoFundMe or something of the sorts could be a good option for cash donations. Thanks for the insight.