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Evolve the capital projects industry though sharing of knowledge for optimized leadership, delivery and performance.

I-LinCP announces 501(c)(3) designation!

June 17, 2011 11:09 AM | Carol Warkoczewski (Administrator)

Austin, TX, The Institute for Leadership in Capital Projects (I-LinCP) reached an important goal of obtaining their 501(c)(3) charitable organization status from the IRS. Funded through memberships, sponsorships, event registrations, and gifts and grants, I-LinCP supports project stakeholders, organizational partners and communities to plan, design, deliver and operate capital projects with less waste in fiscal, time, and environmental resources.

I-LinCP formed as a nonprofit corporation in Texas in January 2010. According to founder and Executive Director, Carol Warkoczewski, “This marks an important step, upon the first year anniversary of the Institute for Leadership in Capital Projects (I-LinCP).”

According to the IRS, organizations that meet the requirements of Internal Revenue Code section 501(c)(3) are exempt from federal income tax as charitable organizations. In addition, contributions made to charitable organizations by individuals and corporations are deductible under Code section 170.

“We are excited to now be able to attract and attain additional funding such as gifts and grants in support of our mission to: Transform the capital projects industry for optimized leadership, delivery, and performance,” Warkoczewski states.

Exempt status will allow I-LinCP members and contributors to receive tax advantages. I-LinCP will also seek grants that require 501(c)(3) status. Gifts and grants will assist I-LinCP to effect significant change in the capital projects industry. I-LinCP Initiatives, lead by the I-LinCP Board of Directors and member volunteers, such as the IPD Mockup, Public Facilities Procurement & Delivery Education, and the proposed ACED! (architects, contractors, engineers, delivery) Camp, will benefit directly from grants and charitable gifts.  

I-LinCP stands firm on improved leadership and sustainability, and intends to support other nonprofits, community activities and projects through financial and service resources.

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