[Lswtalk] Sidenote: Issues found while working on bylaws

[Trudy Patterson]

LSW never filed for non-profit destination.  We were always going to but never did.  

Trudy
tpatter at centurytel.net


Sent from my iPhone

On May 21, 2014, at 11:50 AM, Erin Chesnutt <echesnut at beau.org> wrote:

> I spent a few hours this morning going through the many files hanging around here with any kind of LSW designation.  So far, I have found no mention of when we did file for 501(c)(3) status, only that we had the intention of doing so.  Our Articles of Incorporation make mention several times of the organization acting in accordance to laws pertaining to 501(c)(3)s, but never states that we held that status, ourselves.
> 
> Having said that, I'm positive that there are still files around here that I've missed and I'll keep looking as I am able. In the meantime, aAre we certain that we ever actually filed and became exempt in the first place?   Jessica, did you have to show some sort of proof of that status in the process of becoming bonded, by chance?
> 
> On a positive note, when I get the time (nice and non-committal, right?), I've got lots of documents to scan and upload to the server space we've cleared for LSW document digital archiving!
> 
> Erin
> 
> 
> 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 If our status has, indeed, been revoked, then we seem to be looking at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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