Starting a Museum, # 2
I found some people interested in this idea and called a founding meeting on July 15, 2012. We have five founding directors on the board and will add two more as we go along.
The name was registered as "North American Museum of Flight Simulation Society" and was incorporated as a BC Society in August. We then proceeded to file for Charitable status with the Canadian Revenue Agency. This is a 16 page application which took us 2 weeks to complete. it was submitted end of August and we now ( 2 months later) have a file number and another 2-3 months wait before something happens. We are happy with that and figure we would not have a file number if the initial wetting of our application had been negative.
The reason for this status is that we can issue tax deductible receipts (tax credits) to donators of money and in kind for what they donate to us. The "in kind" is for "fair market value" and that is where you have to watch that you(the museum) does not issue receipt over the fair market value.
We have an Aviation company in Calgary Alberta who will donate a cockpit section to the museum from a Beechcraft King Air 100, the condition for the donation is a receipt for $ xx.xxx.xx. Now we have to figure out if that is really a fair market price.
The Museum got an offer for two working full motion Airline simulators situated in Europe and had to turn it down because the logistics where simply too expensive for us.
We have got storage space for free in a hangar and are at the moment collecting information for possible donators that we will pursue when we have the tax status.
We have been talking to Vancouver International Airport and they are looking at providing us wth some free space in the airport where we can display and advertise for the Museum.
Membership in the Museum will be a flat $ 25.00 a year for each, no family, student and senior memberships at this stage.
We have started a small fundraiser "Give a Toonie, get a Toonie" and have had 2 donations so far to a value of $ 4.00
DNL..(do not laugh)... all beginnings are tough and eventually we will get more donations.
We are also raising money for the transportation of the Beech King 100 cockpit from Calgary to Vancouver.
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