Major Projects
Information provided on: SOW, milestones, goal due date, hard due dates, and accomplishments
 

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PROJECT(1) - 501 (c)(3) legal entity [IN-PROCESS]
Winning 501 (c)(3) legal entity status with IRS and registration with State of Texas.

Start Date: 04/04/08
Due Date:  TBD - Determining SOW based on historical practice when information is obtained

Content section c/p from http://www.nonprofitaustin.org/
To obtain nonprofit status in Texas:

• Choose your proposed nonprofit corporation/ organization's name.
• Check the availability of that name with the Texas Secretary of State's Office SOS Direct online service
• Draft articles of incorporation, now referred to by the Secretary of State as Certificate of Formation.
• Submit articles of incorporation/ cerificate of formation either online or by mail to the Texas Secretary of State. Once filed, the Secretary of State's office will send you a "certificate of formation".
• Apply for exemption from Texas sales, hotel occupancy, and franchise taxes from the Texas Comptroller's office

To obtain Federal nonprofit status:

• Obtain your Employers Identification Number (EIN). It can be submitted online or by mail. Your EIN becomes your Federal Tax Identificaton number.
• Submit IRS Form 1023 within 27 months of filing your articles of incorporation/ certificate of formation. As of June 2006, fees are $300 for projected gross revenue of less than $10,000 and $750 for $10,000 and over. 1023 Instructions. 1023 form

Sub-Project(1) - Estimating Time Budget [IN-PROCESS]

TASKS:
[In-Process] ~ Obtain estimated time ranges to have all aspects of establishing a 501 (c)(3) based on historical practice.
[Results] - Rebecca at TxC-BAR stated that range is something can be as 4-6 months to as long as 12 months.
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Sub-Project(2) - Acceptance by Texas C-BAR  [IN-PROCESS]

TASKS:
[Done] ~ Verify whether Texas C-bar will process as my application as a good candidate for legal assistance
[Results] - Rebecca verified that JobStrap meets candidate criteria

[In-Process] ~ Complete TxC-BAR application  3yr Pro Forma, Board Members, Business Plan
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Sub-Project(3) - A-----  [NOT-STARTED]

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PROJECT(2) - Fundraising Program [NOT-STARTED]
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Start Date: 00/00/08
Due Date:  TBD

Fundraising Sources


Sub-Project(1) - A-----  [NOT-STARTED]

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PROJECT(3) - Web Delivered Application: Job Posting Admin & Recruiting & Application Tracking [IN-PROCESS]
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Start Date: 04/07/08
Due Date:  TBD - Determining SOW

http://www.paytonco.com/


Sub-Project(1a) - Evaluate iApplicants Solution [IN-PROCESS]

TASKS:
[Done] ~ Demo walk-through of application by Richard Payton.  Basic costs and terms info:
- 99.00 per month per Recruiter-Employer/ setup free
- Unlimited usage for client employers and candidates
- $10 charge to modify access control parameters

[In-Process] ~ Complete assessment via build list of questions and test use during trial period
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PROJECT(4) - Fiscal Sponsorship [IN-PROCESS]
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Start Date: 04/07/08
Due Date:  TBD - Determining SOW

http://www.paytonco.com/


Sub-Project(1a) - Evaluate Sponsor's Terms & Conditions [IN-PROCESS]

TASKS:
[Done] ~   Research TIDES Center
[Results] - Potential challenges with using TIDES Center are: (1) Processing Time for approval process is 8-10 weeks after receiving completed LOI document.  LOI document contains similar information as Texas C-BAR application and will take me 1-2 weeks; (2) $30,000 in committed funds in advance of being accepted by TIDES; (3) One Year Commitment minimum to being under TIDES operational controls and fees; (4) First Year Fees are 9% of all incoming funds, 28% fee on employee compensation to cover benefits and healthcare, $1,000 minimum charge for insurance coverage.
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