Tyndall opens Bargain Shoppe
As one of the Horizon projects, the Bargain Shoppe has opened in Tyndall. The shop will provide all types of articles needed by individuals in the community. All items to be sold have been donated. There are many items and a variety of items to pick from such as computer desks, booths, washer-dryer, clothes, shoes, boots, Christmas decorations, etc. The store is being staffed by volunteers and had a successful opening on Saturday. You should come in and see what it is all about. If you have any items to donate please contact LeAnn Kniffen or Marilyn Stone.
The profit from the shop will be used throughout the community on other projects or charities.
November 27th, 2007 at 12:55 am
Great idea Tyndall! I love the idea of the money earned going back into the community too! Are the people that donate able to write off their donations on their taxes??? Tammy/whitewood
November 27th, 2007 at 9:53 am
Glad to see this great project up and running! Great job Tyndall!
November 27th, 2007 at 4:48 pm
we have applied for a 501-C-c to allow the donations to be used on their taxes but we have not heard back from the feds yet. Do you know that it costs $750 just to file for a tax exempt status! This does not include the attorney who filled out the paper work for us.
November 28th, 2007 at 6:17 pm
Janet:
Our Letcher Community Development Foundation recently received 501(c)(3) non-profit status. I can double check with the treasurer, but I think the filing fee was $300. We were lucky enough to have a local accountant and a local attorney donate their services to help us with the paperwork!
Dawna/Sanborn Central Horizons
November 29th, 2007 at 12:26 am
Wow very interesting about the taxes!
November 29th, 2007 at 1:58 pm
So did we have an attorney do the paper work and donate their time. We must have filed in a higher grouping. How long did it take for you to get a reply?
Janet
December 3rd, 2007 at 1:09 pm
It appears the fee is based on average annual gross receipts, so that must be why our fees were different amounts. It took about nine months for us to receive approval from the IRS. Hopefully, you won’t have to wait that long! This is a great idea for a project. Good luck!!!