Robert Hinderliter 64 Report post Posted January 5, 2007 INFO FOR FINANCIAL STATEMENT REQUEST The attached “Compliance Guide for 501©(3) Tax-Exempt Organizations” outlines what disclosures a 501©(3) organization must make starting on page 12. Excerpts from page 12 and 13 state: There are a number of disclosure requirements for a 501©(3) organizations as noted below. Detailed information on federal tax law disclosure requirements for 501©(3) tax-exempt organizations can be found in Publication 557, on the IRS Web site at www.irs.gov, in the final regulation (Treasure Decision 8818 publication published in the Internal Revenue Bulletin 1999-17 (April 26, 1999). Note: Penalties apply to organizations that do not comply with disclosure requirements, and to persons responsible for the failure to comply. Public Inspection and Annual Returns and Exemption Application A 501©(3) organization must make certain documents available for public inspection and copying upon request and without charge (except a reasonable charge for copying). The organization must disclose its exemption application (Form 1023) along with all supporting documents and a copy of the exemption ruling letter issued by the IRS. The IRS makes these documents available for public inspection and copying. Private foundation returns filed on or after March 13, 2000, are also subject to these disclosures. Annual Information Return – An organization must disclose its annual information return (Form 990 series), with schedules, attachments, and supporting documents filed with the IRS. However, the organization does not have to disclose Schedule B of Form 990 or Form 990-T and does not need to identify its contributors. Returns need to be available for disclosure for only three years after the due date or filing date of the return, whichever is later. Exemption Application – An organization must disclose its exemption application (Form 1023) along with each of the following documents: all documents submitted with Form 1023 all documents the IRS requires the organization to submit in support of its application the exemption ruling letter issued by the IRS See attached Files IRS501c3.pdf Treasure Decision 8818.pdf Share this post Link to post Share on other sites
