[clue] 501(c)3

[F.L. Whiteley]

A form 990N e-Postcard is required as long as your receipts are under a
threshold.  It's been $25,000 for many years, however, our user-group
treasurer commented last night that he'd filed the informational return and
affirmed our receipts were under $50,000.  I don't know if that was just a
casual remark.  I haven't e-filed a return yet for another 501(c)(3) where
I'm managing director.  It will also be an informational 990N.
 
You also need to file an annual report with the state.  I don't find that
CLUE Denver has legal standing in Colorado, but maybe there's another named
entity.  Asking for donations also with no caveat as to whether such are/are
not tax deductible.  Hmmm. Your vendor support might also improve with some
tax deduction opportunity.
 
Frank

-----Original Message-----
From: clue-bounces at cluedenver.org [mailto:clue-bounces at cluedenver.org] On
Behalf Of dennisjperkins at comcast.net
Sent: Friday, February 17, 2012 07:23
To: CLUE's mailing list
Subject: Re: [clue] 501(c)3


I don't think anyone is opposed to a 502(c)3.  We're not sure it is worth
the effort.  How much would it cost to register and to keep it?  Would we
need to file with the IRS every year?


  _____  

From: "Raymond DeRoo" <rderoo at deroo.net>
To: "M Paul Webb" <hsechmvt at yahoo.com>, "CLUE's mailing list"
<clue at cluedenver.org>
Sent: Friday, February 17, 2012 7:10:35 AM
Subject: Re: [clue] 501(c)3

Paul--



Here is an interesting news article on how the IRS can cause pain over
501(c)3 status, by making formal recognition difficult.
http://www.weeklystandard.com/blogs/claim-irs-won-t-grant-richmond-tea-party
-tax-exempt-status_629931.html


I just did a fast check on the internet, and apparently, the IRS says that
normally filing the form for formal recognition takes 4 hours to understand,
and 8 hours to fill out. I believe all the forms and information can be
found on line. Actually, I think it should be do-able, but it is just a
matter of time. I think I could invest some time on this, if there are
people who want to do it -- I mean working as a small group. Let me know.

(I don't think I understand who my e-mails are going to when I send them).



I believe the issue is a number of member do *NOT* want to see CLUE become a
501c3. There has already been talk of forking a different group from CLUE. I
could see that CLUE filed for 501c3 status that there would an exodus of
members. I have enjoyed the informal and loosely organized nature of CLUE to
date. Now, I could be wrong and that most other members do want to see a
more formal CLUE. Perhaps it would be best to see what the larger group
desires. As officer elections are soon to be held, I think it would be good
if there was a clear direction the membership would like to see the club
taken.

Raymond

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