The Wichita NAACP Blog: Non-Profits may lose their tax exempt status on Monday

Profile in Courage: Dr. Ronald W Walters

As the President of the Wichita NAACP Youth Council in July of 1958, Dr. Walters led the group as they conducted the first successful student-led sit-in of the Civil Rights movement. Sit-Ins were not an approved tactic of the NAACP in 1958 so when the Branch and Youth council asked for the support of the National Office, they were turned down. It required an extraordinary amount of courage for Ron as the Youth President and Chester I Lewis, the branch President, to press forward over the objections of the National Office. When the sit-in ended in August of that same year, the Dockum drug store on the corner of Broadway and Douglass in Wichita Kansas was integrated - along with the entire Rexall Drug store chain and all its subsidiaries. Following the success of the Dockum Sit-In, the Oklahoma City Branch Youth Council conducted a sit-in that August. From there, the tactic spread throughout the Midwest. In 1960, a group of young men and women from SNCC conducted a sit-in in Greensboro North Carolina which many mistakenly believe to have been the first... Dr. Walters went on to become known throughout the world for his knowledge of African American politics and leadership. He headed the African American Leadership Institute and Scholar Practitioner Program of the University of Maryland, served as Distinguished Leadership Scholar at the James MacGregor Burns Academy of Leadership, and retired as Professor Emeritus of the University of Maryland College Park. Dr. Walters was a dear friend, a supporter, and a mentor, and he will be sorely missed... July 1938 - September 2010

Sunday, May 16, 2010

Non-Profits may lose their tax exempt status on Monday

A change in law put in place through a 2006 federal pension bill requires all non-profits, even small ones, to file IRS form 990s or a simplified version of the form. Nonprofits with less than $25,000 in annual revenue formerly didn't have to file with the feds like larger organizations. But that changed with the passage of the 2006 law. Small volunteer type organizations had three years to comply, but many remain unaware of the impending deadline. The grace period ends on Monday.

The deadline applies to groups that report $25,000 or less in income but excludes churches. Organizations that lose their tax exempt status may not find out until Jan. 1, 2011, when they're notified they have to pay taxes on donations they thought were exempt. And it could be months before their nonprofit status is restored.

Please forward this post to any community groups or small volunteer organizations that currently have 501c3 Tax exempt status...

Organizations can still E-File their 990s form and beat the deadline. CLICK HERE for the E-Filing form.

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Donna Rae · 780 weeks ago

You can also obtain more information athttp://www2.guidestar.org/. A few services are free, such as looking up an organizations prior 990s. The premium services like Charity Check allow you to verify if the organization is compliant with the Pension Protection Act of 2006. Check with your local library before buying the service, they may already a subscription.