We have made great strides in recent months in terms of developing our organization. As we move forward with becoming an officially recognized entity, there is much to do with respect to registrations, documentation, etc. All in all, the efforts we are making to meet various requirements is positive in that it makes us think deeply about aspects of our "business" that we may not have had to consider previously.
One example is financials. Since we are operating as a group of volunteers, we have had virtually zero costs. However, there are very likely to be expenses involved in expanding our programs. As with for-profit businesses, all financial transactions will need to be closely tracked and reported every year. As our understanding of our financials develops, we are likely to benefit from being able to analyze the data and over time ensure that future programs will be sufficiently funded.
To date, we have registered ourselves in the state of Washington and are currently waiting on our state and city licenses. We are working on forming our bylaws and in the near future will be applying to become a 501(c)(3).
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