FAQs about money, insurance, and non-profit status
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Short answer: No. You don't need a bank account. See
Long answer: Some locations have set up separate personal bank accounts to handle event funds. A few have created business accounts where World IA Day in their location is a recognized business entity.
World IA Day can act as a pass-through entity to accept funds on your local event's behalf. You will need to submit receipts to be reimbursed.
Short answer: No. Unfortunately, World IA Day is not in a financial position to provide any seed funds to help start your event.
Each local World IA Day event is fully planned and designed independently by volunteers in that community. It is up to the volunteer committee to raise funds, find sponsorship to support the event and build support from the local community organizations, businesses, and individuals.
The short answer: Yes. Leftover funds can be marked for the following year's local World IA Day event. If there is no designated local organizer for the next year, leftover funds will be turned over the WIAD emergency funds.
Contact the WIAD treasurer / development officer if you have a special situation or have any questions.
Short Answer: Yes, of course. Contact the WIAD treasurer / development officer
Long Answer: The WIAD Treasurer can generate a QuickBooks invoice that includes the WIAD logo, EIN number, and specific payment instructions unique for that sponsor. We can send this directly to your point of contact or to you to forward.
World IA Day is a 501c(3) tax-exempt charitable US organization, based in Florida. Companies and individuals may have a tax write-off for monetary donations.
If you are required to carry venue insurance, World IA Day will not be able to cover this for you. Include this as part of your event budget. Each location will have to obtain their own event insurance as each country, state, city, and/or venue have their varying requirements.
Here are some resources where you may be able to obtain event insurance:
Note that these are requirements that some spaces in the US and Canada may require. Check with your venue point of contact if you need this.
Contact for the IRS verification letter.
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