Slashdot Mirror


Gentoo Officially Not-For-Profit

iswm writes "The paperwork for the Gentoo Not-For-Profit entity was approved by the State of New Mexico today. This means that as of today, the Gentoo Foundation is an official Not-For-Profit Corporation in the United States. The process of becoming a Federally-recognized not-for-profit entity, which will take about six months for approval, can now begin."

28 of 227 comments (clear)

  1. no more taxes by millahtime · · Score: 3, Insightful

    Hey, this makes them tax exempt. Way to save money!!!!!

    1. Re:no more taxes by kfg · · Score: 4, Informative

      Hey, this makes them tax exempt.

      In New Mexico.

      The blurb was badly written. They are not tax exempt in the United States and the standards for state tax exempt status are usually somewhat different and easier (fill out the forms) than the federal standards.

      About six months from now Gentoo may or may not be nonprofit in the United States.

      KFG

    2. Re:no more taxes by RazzleFrog · · Score: 4, Informative

      Non-profit and not-for-profit can be used interchangeably. You will rarely hear any accountant refer to a company as non-profit. Not-for-profit is the current "politically correct" term.

      In order for a not-for-profit to receive tax exemption it has to qualify under the IRS codes section 501(c). The most common being 501(c)(3) for charitable organizations.

  2. Before the compiling jokes arrive. by anonymous+coword · · Score: 4, Informative

    Remember that Gentoo now supports binary packages for those giant software such as KDE and OpenOffice.org. Also check the Wikipedia article about Gentoo.

  3. donations by PimpbotChris · · Score: 5, Interesting

    does this mean donations will be tax deductible?

    --
    Damn, I left my good sig in my other pants
    1. Re:donations by klieber · · Score: 4, Informative

      It depends on what 501 status we pursue. 501(c)(3) organizations are considered "charitable" organizations and donations to these entities are tax deductible. 501(c)(6) is a trade organization and organizations to these entities are not tax deductible.

      --
      Gentoo Linux http://gentoo.org/
    2. Re:donations by bgeer · · Score: 4, Informative
      No, incorporating as not-for-profit doesn't necessarily make you tax exempt. All not-for-profit means is that you don't distribute dividends to shareholders, but rather reinvest any profits (or funnel it to management...)

      In order to be able to receive tax deductable contributions you have to apply to the IRS to be a 501(c)3 tax-exempt organization. The blurb on Gentoo.org doesn't say what section they're applying under, but it would be pretty surprising if the IRS granted them charitable status. It's usually reserved for charities, artistic or literary foundations, churches, etc.

    3. Re:donations by klieber · · Score: 4, Funny

      and organizations to these entities are not tax deductible.

      Of course...that should have said "and donations to these entities are not tax deductible."

      /me goes to emerge coffee

      --
      Gentoo Linux http://gentoo.org/
  4. Celebrate by Anonymous Coward · · Score: 3, Interesting

    Celebrate by Donating to Gentoo

  5. Linux is not for profits? by Realistic_Dragon · · Score: 5, Funny

    Then how do they square the fact that it's used by Linus, Robbins, Stalman and all those other agents of God eh?

    Will the government remove their not for prophet status if they discover how deep the OSS religion goes?

    --
    Beep beep.
  6. Re:The real question is.... by Nakkel · · Score: 5, Funny

    Didnt take too long for the answer to emerge.

  7. Non profit Corpoartion - what this actually means by JaF893 · · Score: 5, Informative

    As far as Linux and Gentoo are concerned this can only be a good thing and it is certainly a very positive step. For those interested in finding out a bit more about what this actually means here are a couple of Wikipedia links:
    Non Profit Corporations
    Non Profit Organizations

  8. Re:It's wrong!! by mdarksbane · · Score: 4, Funny

    No, obviously now it's:

    1) fetch packages
    2) compile
    3) ???
    4) !PROFIT

  9. yay for gentoo by vmircea · · Score: 3, Informative

    I personally love Gentoo, hopefully now that they won't have to pay taxes and get other benefits they will be able to give the Gentoo users a little bit more, although they've been doing a great job so far. And for people who don't know what Gentoo is, since it's pretty popular but not everyone knows about it. It is a Linux OS that compiles most packages (except for open office, unless you're crazy, like me). Take a look at it here.

  10. How about FOR profit? by Gothmolly · · Score: 4, Interesting

    Why the rush and excitement over being able to say that you make no money? How about charging people for Gentoo, making a profit on it, and creating wealth, instead of a non-quantifiable warm & fuzzy feeling? I'm sure this will instantly be modded Troll, Flamebait, or Heresy, but I don't understand the pride people have in being able to declare that they make no money.

    --
    I want to delete my account but Slashdot doesn't allow it.
    1. Re:How about FOR profit? by zanderredux · · Score: 5, Informative
      Gosh, I had mod points but I'm giving them up so I can reply....

      Basically, being a NFP will relieve much of the money-making pressure on Gentoo, so they can fulfill their Social Contract, without having to compromise it so they can mmet some aribitrary profit targets imposed by shareholders and so.

      NFP also is a testimony to their commitment on giving back to the community instead of giving to some high-profile exec or a limited bunch of anonymous shareholders.

      In principle, it's a good thing, but let's see how they can get a cash flow going (not necessarily profit, but they should have at least the means to keep paying their bills on time).

    2. Re:How about FOR profit? by klieber · · Score: 5, Insightful

      How about charging people for Gentoo, making a profit on it, and creating wealth, instead of a non-quantifiable warm & fuzzy feeling?

      Our software is GPL'd. You're welcome to pursue this. We chose a different path.

      --
      Gentoo Linux http://gentoo.org/
    3. Re:How about FOR profit? by AMystery · · Score: 3, Insightful

      Short answer: When I have it all.

      Capitalists are not about making money, they are about destroying it. A capitalist wants to concentrate all of the wealth in one person.

      I'm not necessarily a capitalist but I do have those impulses and I can tell you that given free reign, that is where they would lead.

  11. The compiler jokes are becoming boring by JTunny · · Score: 5, Insightful



    Making these jokes is getting to be worse than the zealots who made the ill-advised compiler flag comments in the first place.

    Gentoo is an impressive distribution, although admittedly it has its faults (find me a distribution that doesn't). I'm glad I got to experiment with it before it became fashionable to make derogatory jokes about it. Tthere's a fair chance all the +5 funny/insightful diminishing comments might have deterred me.

    1. Re:The compiler jokes are becoming boring by pandrijeczko · · Score: 3, Insightful
      Been through Mandrake, Red Hat, SuSE & Slackware and I'm now at Gentoo and sticking with it.

      The idiots that moan about compile times don't understand the timesavings of just doing an "emerge" occasionally to update the system after it's built. Sure, it's not foolproof but then what OS is?

      Gentoo has a cool attitude - to just make a damn good product and not give a damn about how much money they can make from it.

      --
      Gentoo Linux - another day, another USE flag.
  12. Re:Um, so they're not for profit yet? by klieber · · Score: 5, Informative

    That's inaccurate. We are a not-for-profit organization right now. Today. The Federal status (which is mainly for tax purposes) will take another 6 months to formally complete.

    --
    Gentoo Linux http://gentoo.org/
  13. True meaning of 'Not for Profit' by LittleKing · · Score: 4, Informative

    I think there are several people that do not understand what a Not for Profit company really means. Not for Profit doesn't mean they do not make money it only means that they cannot have 'extra cash' on hand at the end of their fiscal year. They can still have money in savings because you can budget money into saving. Also at times, working for a NFP company can be a benifit since they can't have 'extra cash' then they sometimes pay really well.

    Take Blue Cross Blue Shield (an American insurance company), they are actually a NFP organization. Most people don't realize this but it is true.

    --
    Art by Mindy Herman, my wife.
  14. Re:Okay, a question... by irexe · · Score: 5, Informative

    Gentoo is for people that want the ease of use of Debian's apt-get with the benefits of source compilation (optimization for your specific machine, smooth integration with source compiled packages) and support for The Latest Stuff.

    Gentoo is as easy to maintain as Debian, but it is generally more geared towards people that want the latest stuff on their desktops (whereas Deb is not very desktop-friendly). In comparison to the desktop distro crop (Redhat, Suse, Mandrake, etc.), Gentoo stands out favorably (IMHO) in that it is much more accessible and maintainable from the command line. This may scare noobs, but tweaking the ol' config file is a lot more deterministic and promising than dealing with dialogs like 'there was a problem with your network device' and with custom vendor kernel weirdness.

    So, to sum it up: Gentoo combines the best of both worlds: it is a very hard-core, clean, unixy distro with a very refreshing attitude towards desktop usage. IMHO, the only thing that beats Gentoo on your desktop will be OS X!

  15. *ENOUGH* money by dpilot · · Score: 4, Insightful

    Another one giving up mod to reply...

    The real problem is a hijacking of the concept of 'money'. 'Money' was originally meant to be a means of extended barter. You need a chicken, I need work done on my house, but I have spare corn instead of a chicken. We could find a third party that needs corn, and has a chicken. Or we could come up with 'money' that lets us extend our barter system into a marketplace, and allows all goods to become more liquid.

    Unfortunately, for some people money has turned into a measure of self-esteem. They're not even collecting castles, or jet planes, or home theaters, or any sort of goods, any more. They measure their success by incrementing digits.

    Also unfortunately, as much as we'd like to think of the economy as an expanding pie that has room for everyone to get as much as they want without depriving others, it just isn't. Though there is some expansion, the finite size of the pie is painfully apparent to many. In order for the more successful to tick their digits upward, they end up taking away from others. In other terms, this can be called 'downsizing', 'offshoring', 'making benefits competitive', and the like.

    Why this use of money is bad is that it's so easy to tick digits upward. Had these people been accumulating toys and property, it would be more obviously outrageous.

    The nifty thing about a gift economy is that it lets you measure your self-esteem through contribution. But it does need to piggyback on top of a money economy, because goods in the real world aren't free, and we all need to eat and get out of the rain.

    Finding the balance between gift and money economies, and getting Joe 6pak to buy into that balance, is the task for TruenGenius.

    --
    The living have better things to do than to continue hating the dead.
  16. Gentoo icon? by Chuck+Bucket · · Score: 3, Insightful

    Can Slashdot finally get a Gentoo icon now? One of these days you really think it should...

    (insert joke that the Gentoo icon is still compiling here...)

    CB

  17. Non-profits are permitted to make money by The+Ape+With+No+Name · · Score: 3, Informative

    They just can't pay a return on the money they make. They can disburse it charitably, reinvest it, etc. There is such a tough regimen of oversight in the American non/not-for profit. If only Enron and those evil fucks had to live by a 503's rules.

    I used to run a non-profit environmental journal. We made money on occasion and when we had excess we had this nifty idea called: giving it to the poor. Problem is: that makes you a hell-bound commie in Merika.

    --
    Comparing it to Windows will be a moot point, since El Dorado is going to have a 40% larger code base than XP.
  18. This needs to change by Progman3K · · Score: 3, Informative

    We live in a climate and culture where a young man like Bill Gates can become unimaginably rich by first buying someone else's work and fobbing it off on the public, but where people of vision like Daniel Robbins nearly loses everything he has trying to bring to the public a product that will benefit everyone.

    Donate to Gentoo, I did, and even if I gave them $100 a year, it'd STILL be a much better deal than if I was able to get Windows for free, forever.

    --
    I don't know the meaning of the word 'don't' - J
  19. Re:Gentoo better Desktop distro than Debian? by irexe · · Score: 3, Interesting

    Well, the folks at Debian are not very desktop-minded. This is actually what makes Debian such a fantastic server distro, but if you are more of a multimedia guy/gal it may be annoying. The Debian attitude has a number of implications for desktop users:

    1. The community: Asking questions on #debian about your KDE install is likely to get you responses like 'bah! I don't use desktops. I use X occasionally, but I don't really use KDE. Read the manual!'. Since Linux is a DIY OS, this may be troublesome.

    2. The apps: by the time I switched to Gentoo, I could emerge KDE 3.1, whilst deb stable was still at the ancient KDE 2. At that time, Unstable was severely broken because of the whole gcc versioning issue. In general, new desktop apps appear in Gentoo in a matter of days, even hours after a release, whereas Debian unstable is a lot slower and more conservative at adapting.

    3. The features: Gentoo is a bit more friendly towards newer features as well. As an example, getting ALSA to work in Debian about 1.5 years ago was a big pain. Gentoo supported it ever since I switched. In fact, it was my main reason for switching. Gentoo had a clear ALSA installation Howto present and all core packages were in Portage.

    The point I like to stress here is that these differences are a direct result of the Debian attitude towards desktop usage. Don't take my word for it, go out on the irc channels and talk to these people. They are not keen on new desktop features and getting the latest media player or desktop environment to work is just not on their agenda. That's cool, unless it is on your agenda. Then you might want to give Gentoo a spin.