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73.853: Difference between revisions
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Minimum number of board members.
(Added information regarding 501(c)(3) status.) |
(Minimum number of board members.) |
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LPFM stations may be licensed to nonprofit organizations with an educational purpose and only upon a showing that the radio station will advance the organization's educational program. When an application is filed for a new LPFM station or when an existing station as transferred (assigned) to a different organization, the applicant seeking to be an LPFM licensee must submit a statement that describes their organization, the organization's educational objectives and how the LPFM station will advance those educational objectives. The FCC is looking for information on how the LPFM station is going to "instruct" or "teach". This does not mean that LPFM stations must be licensed to schools or colleges. They can be licensed to any nonprofit organization that has an educational purpose. | LPFM stations may be licensed to nonprofit organizations with an educational purpose and only upon a showing that the radio station will advance the organization's educational program. When an application is filed for a new LPFM station or when an existing station as transferred (assigned) to a different organization, the applicant seeking to be an LPFM licensee must submit a statement that describes their organization, the organization's educational objectives and how the LPFM station will advance those educational objectives. The FCC is looking for information on how the LPFM station is going to "instruct" or "teach". This does not mean that LPFM stations must be licensed to schools or colleges. They can be licensed to any nonprofit organization that has an educational purpose. | ||
An LPFM licensee or potential licensee must be registered as a nonprofit organization in any state. While that recognition does not have to be in the same state as the location of the station, there may be state laws that require the organization to file as a "foreign corporation" in that state before they can do business there. The "foreign corporation" issue is not an FCC issue, but could be more of a state law issue. In addition, licensees need to remember to keep their corporate status current, which means any required annual report filings or fee payments to the state concerned. Corporate status should not be allowed to lapse, even though some states will reinstate lapsed corporate statuses retroactive to the date of the lapse. | An LPFM licensee or potential licensee must be registered as a nonprofit organization in any state. Some states do have a [[minimum number of board members]] required for filing. While that recognition does not have to be in the same state as the location of the station, there may be state laws that require the organization to file as a "foreign corporation" in that state before they can do business there. The "foreign corporation" issue is not an FCC issue, but could be more of a state law issue. In addition, licensees need to remember to keep their corporate status current, which means any required annual report filings or fee payments to the state concerned. Corporate status should not be allowed to lapse, even though some states will reinstate lapsed corporate statuses retroactive to the date of the lapse. | ||
While licensees should have an [https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online Employer Identification Number (EIN)] from the [[Wikipedia:Internal Revenue Service|Internal Revenue Service]], they are not required to have a [https://www.irs.gov/charities-non-profits/charitable-organizations/exempt-purposes-internal-revenue-code-section-501c3 501(c)(3) charity tax exemption status]. | While licensees should have an [https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online Employer Identification Number (EIN)] from the [[Wikipedia:Internal Revenue Service|Internal Revenue Service]], they are not required to have a [https://www.irs.gov/charities-non-profits/charitable-organizations/exempt-purposes-internal-revenue-code-section-501c3 501(c)(3) charity tax exemption status]. | ||