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Thread: Project Walk moves toward non-profit status

  1. #1

    Project Walk moves toward non-profit status

    Project Walk® moves toward nonprofit status

    Project Walk® has initiated the paperwork to transition to nonprofit 501(c)(3) status. We expect this process to take up to 12 months. While this process is being completed, we have partnered with the National Transplant Assistance Fund (NTAF), a 501(c)(3) charitable organization based in Newtown Square, PA. Through this partnership we have established the Project Walk Recovery Fund. The fund was established so that tax-deductible donations could be made by individuals or organizations that want to support Project Walk® clients during the transition phase. For information on NTAF or how to make a donation, visit www.catastrophicfund.org or call (800) 642-8399.

    The Project Walk Recovery Fund is operated independently of Project Walk® and is overseen by its own advisory board and governed by NTAF.

    For more information about the Fund or how to make donations, call (760) 431-9789 or email pwinfo@sbcglobal.net

    www.projectwalk.org

    [This message was edited by Snowman on 03-09-05 at 02:53 PM.]

  2. #2
    Senior Member chastev8's Avatar
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    That would be great. Does that mean patients could go for free?

  3. #3
    I apologize for the length of the following post, but it should answer most of the questions regarding our going non-profit. If you have any other questions feel free to post them.

    Becoming a Non-profit: What does it all mean?
    Frequently Asked Questions

    1. What does the transition into becoming a non-profit mean?
    The big change in becoming a non-profit organization from a for-profit organization is how Project Walk® will be perceived by the public. There are a lot of negative stigmas towards for-profit organizations. As a non-profit, the public is more willing to help and support the organization and our clients.

    With that said, Project Walk® will operate as it currently does. The organization has the same commitment to provide superior exercise based spinal cord injury recovery programs. In addition, the organization hopes to help clients pay for fees at Project Walk® through its fundraising efforts in the future, after raising money.

    Once Project Walk® becomes a non-profit; Ted & Tammy will no longer own the organization. They will be employees & the Board of Directors will be responsible for guiding the organization & furthering its mission.

    2. Who is on the Board of Directors?
    The Board of Directors is currently comprised of a retired Chief Executive Officer (CEO), a retired Executive who has a spinal cord injury and a Legal Council. In addition, we hope to add a Medical Director, a retired Chief Financial Officer (CFO), a foundation expert, celebrities and additional business leaders.

    3. Why is Project Walk® going non-profit?
    Project Walk® is going non-profit because it wants to grow and effectively serve the SCI community. In addition, many opportunities will open up for Project Walk® from the transition. For instance, by going non-profit, Project Walk® can seek grant money, form relationships with medical professionals, apply to foundations, have wheelchair accessible vans, power chairs, standing frames, etc. donated and much more. Furthermore, ideally Project Walk® will be able to reduce the cost of programs to clients.

    4. Why are Ted and Tammy doing this?
    Ted and Tammy have decided to forgo control of the organization in order to achieve their goal of growing the organization. Ted and Tammy want Project Walk® to become mainstream and feel that the transition will help open doors to the organization and its clients.

    5. What will Ted and Tammy's role be in the non-profit?
    Tammy will be the Facility Manager and be responsible for the day-to-day operations. In addition, Tammy will be the Executive Director and liaison to the Board. On the other hand, Ted will continue to develop and improve The Dardzinski Methodâ„¢ and focus on fundraising and promoting SCI awareness.

    6. When will Project Walk® become a non-profit organization?
    The paperwork for the transition into becoming a non-profit started in February of 2005 and could take up to 12 months to complete.

    7. Will Project Walk's programs ever be free? And if so, when?
    Possibly. The more money raised for Project Walk® will mean the more financial assistance available to clients. Potentially, eligible clients could receive full-ride assistance to Project Walk®.

    8. Why aren't Project Walk's programs free?
    Being a non-profit organization doesn't change the costs of running a business. Those costs will continue to incur and therefore, Project Walk® fees will remain the same. However, additional money raised through fundraising will provide financial support to Project Walk® clients who need assistance.

    9. When will financial support be available?
    Only when there is enough money raised to continually support those awarded assistance.

    10. Who decides who is awarded financial assistance?
    The Board of Directors decides who is awarded assistance based on eligibility requirements and need.


    11. What type of assistance will be awarded?
    The Board of Directors awards eligible clients with financial assistance similar to athletic scholarships. The recipient would be re-evaluated every six-months and as long as they are still eligible and meet the requirements, they will continue to be funded. Requirements are yet to be determined.

    12. What are the benefits of donating to Project Walk®?
    The money raised goes to supporting Project Walk® clients including recovery fees and equipment.

    13. Can Project Walk® accept donations directly?
    Project Walk® can't accept donations directly until the transition is complete. However, donations can be made to the Project Walk Recovery Fund, which is currently operational & provides tax-deductible write-offs.

    14. What is the Project Walk Recovery Fund?
    The Project Walk Recovery Fund is a fund set-up through the National Transplant Assistance Fund (NTAF) and is operational now. Contributions to the Recovery Fund are tax-deductible and provide assistance to Project Walk® clients.

    15. Can donations to Project Walk® go directly to a particular client?
    No. Donations made to Project Walk® go into the Project Walk Recovery Fund, where an Advisory Board decides who is awarded assistance based on eligibility requirements and need.

    16. How can my family or potential donors donate to me?
    Project Walk® clients can open up a fund in their name and have donations go directly to them. One option is opening up a fund through NTAF. For more information on opening up your own fund, please see Kristin or email her at kristin@projectwalk.org.

    17. Will client's fees at Project Walk® be tax-deductible?
    No, client's fees won't be tax-deductible. As an alternative, clients can open up a fund in their name and have contributions donated to their fund which are tax-deductible. These donations made to the client's fund could go to Project Walk® fees.

    18. Can Project Walk® receive donated items?
    Once the transition is completed, we can receive donated wheelchair accessible vans and equipment.

    19. What is Project Walk® doing in terms of fundraising?
    Project Walk® has created the Project Walk Recovery Fund as a vehicle to accept tax-deductible donations now. In addition, the organization is creating a fundraising plan to engage potential donors. It could take up to one year to finish up the paperwork in making the transition into becoming a nonprofit. Once the organization becomes a nonprofit, Project Walk® will be able to accept donations directly and will then actively start fundraising.

    20. If I donate to the Project Walk Recovery Fund, what does my donation do?
    Donations made to the Project Walk Recovery Fund go towards assisting eligible clients at Project Walk® pay for Project Walk® fees and other medical related expenses.

    21. Are donations made to the Project Walk Recovery Fund tax-deductible?
    Yes.

    22. Do I need to raise money?
    If you need assistance paying for your fees at Project Walk® or other expenses, you most likely need to fundraise. Project Walk's transition into becoming a non-profit organization doesn't eliminate individuals need to fundraise.

    23. Should clients still be opening up individual funds for fundraising?
    Yes. Clients should be fundraising on their own to help pay for fees at Project Walk®. One vehicle is opening up a NTAF fund, which allows clients to open up their own fund and collect donations. NTAF charges an administrative fee of 4% for all donations given to the client's fund.

    24. Will I be required to raise money on Project Walk's behalf?
    No.



    Eric Harness,CSCS
    Director of Research, Training, and Development
    Project Walk®

  4. #4
    Thanks Snowman, ya'll are providing a much needed service to this community.

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