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D. Vanessa Kam, MA, MLIS

Head Librarian, Art + Architecture + Planning

University of British Columbia Library

Irving K. Barber Learning Centre

1961 East Mall, Suite 314

Vancouver, BC V6T 1Z1 Canada

Ph. 604.827.3549

---------- Forwarded message ----------
From: Paul Glassman <[log in to unmask]>
Date: Fri, Aug 27, 2010 at 10:05 AM
Subject: Re: [ARLIS-L] Chapter Treasurers questions
To: [log in to unmask]

Dear Sue,

Thanks for posing this important question--one that will have relevance to all ARLIS/NA chapters, I imagine.  Here's an answer to the question from the IRS (
http://www.irs.gov/charities/article/0,,id=169250,00.html):

Annual Electronic Filing Requirement for Small Exempt Organizations — Form 990-N (e-Postcard)

Small tax-exempt organizations whose annual gross receipts are normally $25,000 or less may be required to electronically submit Form 990-N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990-EZ.

If you do not file your e-Postcard on time, the IRS will send you a reminder notice but you will not be assessed a penalty for late filing the e-Postcard. However, an organization that fails to file required e-Postcards (or information returns – Forms 990 or 990-EZ) for three consecutive years will automatically lose its tax-exempt status. The revocation of the organization’s tax-exempt status will not take place until the filing due date of the third year.

Note: Small organizations at risk of losing their tax-exempt status because they failed to file for three consecutive years should review IRS guidance to help them come back into compliance.

You may wish to direct the question to Vanessa Kam, the ARLIS/NA Chapters Liaison, in the event that the Executive Board may want to consider a recommendation to all chapters:

 

Who Must File

Most small tax-exempt organizations with gross receipts that are normally $25,000 or less must file the e-Postcard. Exceptions to this requirement include:

• Organizations that are included in a group return,
• Churches, their integrated auxiliaries, and conventions or associations of churches, and
• Organizations required to file a different return

You may want to refer your good question to

 

Chapters Liaison
Vanessa Kam
Head Librarian
Art + Architecture + Planning
Irving K. Barber Learning Centre
University of British Columbia Library
1961 East Mall, Suite 314
Vancouver, BC V6T 1Z1 Canada
Work: (604) 827-3549[log in to unmask]

 

in the event that Vanessa feels there would be benefits to asking the Executive Board to consider guidelines on the matter for the chapters.

 

Best,

 

--PG

 

Paul Glassman

Director of the Library | Associate Professor

Felician College

262 South Main Street | Lodi, New Jersey 07644

Telephone 201.559.6070 | Facsimile 973.777.3917

[log in to unmask] | www.felician.edu/library