Press Release: FOR IMMEDIATE RELEASE
CLASSIC SOUL RADIO, INC. MOVES A STEP CLOSER TO RECEIVING 501(c)(3) NOT-FOR-PROFIT STATUS FROM U.S. IRS.
April 25, 2014 – With its legal staff joined by more than 1,400 volunteer attorneys from more than 100 law firms and corporate legal departments around New York City, many of who are listed in the top 100 law firms in the country, Lawyers Alliance for New York is working with Classic Soul Radio to move one step closer to receiving its 501(c)(3) not-for-profit tax-exemption status from the U.S. IRS. Through the pro bono services of Lincoln Square Legal Services, Inc., Classic Soul Radio, Inc., became officially incorporated as a New York Not-for-Profit organization on March 18, 2014. Lincoln Square Legal Services, Inc., also assisted Classic Soul Radio develop a set of corporate By-Laws.
“Lawyers Alliance has given us access to the highest quality legal counsel. Their expert legal advice and pro bono services is allowing us to focus on serving the community rather than spend valuable time trying to maneuver through the maze of IRS incorporation forms” said Matthew Okebiyi, Founder and CEO of Classic Soul Radio, Inc.
UPDATE: October 25, 2014 – With the pro bono assistance Dena verhoff, Esq., of the law firm of Rosenberg & Estis, P.C., Classic Soul Radio has officially been recognized as a 501.c.3, tax-exempt, not-for-profit organization by the U.S. IRS.
“This is an exciting moment in Classic Soul Radio’s evolution. The 501.c.3. status allows donors, foundations, grantees, contributors, and members of the general public to make donations to the organization as it pursues its mission. Donors are now also able to take full advantage of tax deductions to the fullest extent permissible by law after they have made a contribution to Classic Soul Radio. Classic Soul radio is qualified to receive tax deductible bequests, devises, transfers or gifts under this new IRS designation”, said Matthew Okebiyi, Founder and CEO.
ABOUT CLASSIC SOUL RADIO, INC.
Classic Soul Radio, Inc. is a volunteer driven, non-commercial, Internet-based radio station whose goal is to serve the multicultural communities in which we live and work. While Classic Soul Radio’s target communities are the New York City metropolitan regions of Brooklyn, the Bronx, Manhattan, Staten Island, and Queens; Classic Soul Radio’s platform is the World Wide Web and other technologies.
The core mission of Classic Soul Radio is to promote and empower our listeners by providing informative, educational and cultural programming that speaks to the diverse populations. We aim to empower our listeners by promoting the importance of learning and knowledge, financial literacy, personal health, community and civic affairs, and help develop life-skills for our target urban communities through electronic and print media.
Classic Soul Radio aims to accomplish its mission by fostering community engagement and by galvanize online radio to educate, inform, inspire, entertain, and empower urban community residents to make a difference in their lives and in their communities.
ABOUT LAWYERS ALLIANCE FOR NEW YORK
Lawyers Alliance for New York (LANY) is the leading provider of business and transactional legal services for nonprofit organizations that are improving the quality of life in New York City neighborhoods. By connecting lawyers, nonprofits, and communities, we help nonprofits to develop affordable housing, stimulate economic development, promote community arts, strengthen urban health, and operate and advocate for vital programs for children and young people, the elderly, and other low-income New Yorkers.
ABOUT FORDHAM UNIVERSITY SCHOOL OF LAW – LINCOLN SQUARE LEGAL SERVICES
Fordham University School of Law is a Law School Clinic. Representation is provided by Law School students under the supervision of full time faculty/practicing attorneys. The Clinic handles tax problems with the IRS or New York State, consumer law, credit card collection disputes, credit and identity theft.
Classic Soul Radio, Inc.