Heart and Soul of Essex is an established IRS 501 (c)(3) tax-exempt organization that has agreed to accept donations on behalf of the Five Corners Farmers Market (5CFM) and Essex Hub (doing business as SteAmfest). The 5CFM and SteAmfest are important parts of our community and exemplify the values identified though the Heart and Soul Process (Local Economy, Community Connections, Thoughtful Growth, Health and Recreation, Safety and Education).
Under this arrangement Heart and Soul of Essex will retain supervision and control over funds, making sure they are used strictly for charitable work for 5CFM and SteAmfest; keep records proving that funds are used for tax-exempt purposes; and insure that funds are used in a matter that furthers the work of the Heart and Soul of Essex.
Heart and Soul of Essex is responsible for all legal compliance related to receiving, reporting and acknowledging charitable donations. There are no administrative fees. This agreement will remain in effect until such a time that the 5CFM and/or Essex Hub acquires it's own non-profit status or another fiscal sponsor is identified.
Under this arrangement Heart and Soul of Essex will retain supervision and control over funds, making sure they are used strictly for charitable work for 5CFM and SteAmfest; keep records proving that funds are used for tax-exempt purposes; and insure that funds are used in a matter that furthers the work of the Heart and Soul of Essex.
Heart and Soul of Essex is responsible for all legal compliance related to receiving, reporting and acknowledging charitable donations. There are no administrative fees. This agreement will remain in effect until such a time that the 5CFM and/or Essex Hub acquires it's own non-profit status or another fiscal sponsor is identified.