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[Market-farming] Farmers' Market Non-profit Status
- From: "Nora Owens" <noraowens AT comcast.net>
- To: "'Market Farming'" <market-farming AT lists.ibiblio.org>
- Subject: [Market-farming] Farmers' Market Non-profit Status
- Date: Mon, 6 Feb 2006 14:26:28 -0500
The IRS no longer
grants 501 (C) 3 status for farmers' markets. They used to but not in the
last few years. Their rational is that the farmers' markets are for
profit
Most farmers'
markets are incorporating as a 501(c) 6 ( a trade organization for market
vendors) or simply as a state non -profit or a for profit corporation. Regional
and state wide farmers' markets associations can be a 501 (c) 3 as their
purpose can be educational to benefit many farmers markets
etc.
As the popularity
and income from farmers' markets increase (there are now at least 4,000
generating over $4 billion a year ) the interpretation of the rules are
being tightened up
Nora Owens
30 Keets
Rd.
Deerfield,
MA 01342
P:
413-772-0444
-
[Market-farming] Farmers' Market Non-profit Status,
Nora Owens, 02/06/2006
- Re: [Market-farming] Farmers' Market Non-profit Status, SHEILA PAYNE, 02/06/2006
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