[Lswtalk] Issues found while working on bylaws

[Howard L. Coy Jr.]

Erin, to my limited knowledge, we have not been filing this, unless Jessica
has. At least, it has not been discussed at our meetings. I know we have
filed with the Secretary of State, $5.00 per year.
And I like your choice of words.

If we have to refile, could or should we re-do the bylaws, incorporation
papers, etc. to reflect what we discussed at the last meeting?

Thanks for your thorough research.

Howard


On Tue, May 20, 2014 at 7:10 PM, Erin Chesnutt <echesnut at beau.org> wrote:

> All,
> I got in touch with Rob who, among other things, told me that 501c(3)
> organizations are required to file an annual information return. Failure
> to do so for 3 consecutive years results in immediate revocation of
> 501(c)(3) status.
>
> I did a little digging based on this and found that our organization would
> be required to annually file Form 990-N which is an e-postcard, according
> to the IRS's description. More info on that here :
>
> http://www.irs.gov/Charities-&-Non-Profits/Annual-Electronic-Filing-Requirement-for-Small-Exempt-Organizations-Form-990-N-%28e-Postcard%29
>
> I used the Exempt Organization Select Check tool from IRS to see if we are
> still listed as a tax-exempt organization; I don't see our name on their
> list.  I also don't see our name on the revoked list, but I think that
> database only covers the past x years.
>
> Has someone been filing this and I'm just looking in the wrong places?
>
> If our status has, indeed, been revoked, then we seem to be looking at
> filing another form and paying a user fee to get reinstated. I believe our
> annual gross receipts from the past 4 years falls under $10,000. If so,
> the user fee would be $400. If not, it looks like it would be $850.  More
> on that here:
>
> http://www.irs.gov/Charities-&-Non-Profits/Reinstatement-of-Tax-Exempt-Status-after-Automatic-Revocation
> .
>
> It seems to me that if we want to move forward with granting a
> scholarship, we need to get this in order sooner rather than later. It
> feels hinky (nice word, yes?) to me, otherwise.
>
>
>
> Thank you,
>
> Erin N Chesnutt, MLIS
> Director
> Beauregard Parish Library
>
> 337-463-6217
> echesnut at beau.org
>
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