275,000 501(c)(3)'s lose tax exempt status

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275,000 501(c)(3)'s lose tax exempt status

Postby Michael Pelletier » Fri Jun 24, 2011 10:55 pm

There's 37 pages worth of New Hampshire organizations at the IRS website: http://www.irs.gov/pub/irs-tege/nh.pdf

Any organization which did not file a Form 990 for three years had their tax-exempt status automatically revoked by statute. Undoubtedly many of these are defunct charities, but I wonder how many are just way behind schedule...

23-7165389 COMMUNITY ASSOCIATION OF SOUTH MERRIMACK
SOUTH MERRIMACK
NH
03054-000

02-0503918 MERRIMACK AMBULANCE RESCUE SERVICE
11 BOWERS LANDING DR APT 305
MERRIMACK
NH
03054-4893

22-3202721 MERRIMACK COMMUNITY THEATRE
PO BOX 694
MERRIMACK
NH
03054-0694

23-7174061 MERRIMACK YOUTH RECREATION CENTER
DANIEL WEBSTER HWY
MERRIMACK
NH
03054-0000

02-0475101 MY ACT
37 VALLEYVIEW DR
MERRIMACK
NH
03054-3157

02-0360783 N H RAIL ASSOCIATION INC
10 SURREY LN
MERRIMACK
NH
03054-2932

02-0479808 NEW HAMPSHIRE FERRET OWNERS
PO BOX 1663
MERRIMACK
NH
03054-1663

02-0509128 SOCCER CLUB-MERRIMACK NEW HAMPSHIRE
1 HANSOM DR
MERRIMACK
NH
03054-4583

22-2916669 KISTHEATRE
95 BEAN RD
MERRIMACK
NH
03054-2421
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Michael Pelletier
 
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Re: 275,000 501(c)(3)'s lose tax exempt status

Postby TonyRichardson » Sat Jun 25, 2011 7:44 am

Michael Pelletier wrote:There's 37 pages worth of New Hampshire organizations at the IRS website: http://www.irs.gov/pub/irs-tege/nh.pdf

Any organization which did not file a Form 990 for three years had their tax-exempt status automatically revoked by statute. Undoubtedly many of these are defunct charities, but I wonder how many are just way behind schedule...

<SNIP>



Three years is too long a time to write off as just way behind schedule.

Its one of two things, either they:
1. No longer are claiming tax exempt status because they have moved to a more standard business model
or
2. Their administrative and finance organization is so bad they failed to comply with the requirement three years running.

In the case of scenario one, not an issue.
In the case of scenario two, they should they lose the tax exempt status. A status that requires compliance to established rules to maintain.
Liberalism - What happens when emotional reactions are confused with and substituted for facts and reason.
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Re: 275,000 501(c)(3)'s lose tax exempt status

Postby Linda Nickerson » Mon Jun 27, 2011 9:03 am

This change was also VERY well publisized to all 501(c)* organizations (and those that had received the Non-Profit EIN's)for at least 2-3 years before the change was made. It was also extended at least one time to allow those not in compliance to catch up. I was Treasurer for a an Exempt orgnization that, prior to my term, had never gotten around to filing for the "official" 501(c) status. They had only gone so far as to get the EIN as an Exempt organization. I followed through and filed for the 501(c)4 status (so, Non-Profit but not a tax deduction for contributors) so they would be in compliance.

If donations are under $25,000.00 per year, the only requirement is to file a "Form 990EZ" (or something to that effect). It takes less that 5 minutes and can be done 100% online.

No excuses for those that didn't comply.
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