Re: quick question on nonprofit status
Re: quick question on nonprofit status
- Subject: Re: quick question on nonprofit status
- From: Pauline Turtle-Bear Guillermo <email@hidden>
- Date: Tue, 17 Feb 2004 09:39:46 -0700
On Tuesday, February 17, 2004, at 07:03 AM, Chuck Joiner wrote:
We here at WhatMUG (Bellingham, WA), we are also sorting our way
through
this question. One of the challenges we've encountered is that banks
(at
least in our area) now have tighter security restrictions since 9/11
regarding who can open bank accounts. We wanted to set up an account
just
in the name of our club with, but found that virtually all banks now
require
the Social Security # of the person establishing the account.
Our club Treasurer, however, is uncomfortable with having his
personal SS #
attached to the account. We respect his concern. The only way we
have
found around this issue is to establish the account in the name of
registered company, corporation or non-profit organization... in our
case it
would be a non-profit organization.
Anyone else encountering this issue?
That's a new one here, Mac, but it might be because we have been
established with our bank for a LONG time. We have a simple
non-interest-
bearing checking account in the name of the organization, with two
authorized signatures.
Perhaps consider a smaller, local bank who is used to dealing with
community organizations???
---Chuck
We also have a simple, business type, non-interest bearing account. We
are an unofficial not-for-profit organization.
Our club has been with the same bank since the 80's and we do have to
give full identification, including SSNs, anytime there needs to be a
change on the bank signature card.
What are the issues around giving a bank your SSN?
Turtle-Bear, Webmaster, Treasurer, Apple Ambassador
AppleQuerque.org
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