As we embark on a new fiscal year, the National Financial Officers wanted to provide a few reminders.
All clubs considered subordinates under the National umbrella must complete the attached two-page annual report form.
Once completed, please return it to the National Treasurer by October 15, 2024.
The annual financial report period is July 1, 2023, to June 30, 2024.
The due date for the annual return is November 15, 2024.
Form 990-N (e-Postcard)
If an organization typically has gross receipts of $50,00 or less, it can submit Form 990-N if it chooses not to file Form 990 or 990 EZ.
Form 990
If an organization's gross receipts are greater than or equal to $200,000 or its total assets are greater than or equal to $500,000 at the end of the tax year.
Form 990-EZ
If an organization's gross receipts are less than $200,000 and its total assets at the end of the tax year are less than $500,000, it can choose to file Form 990-EZ.
Lastly, do not forget to check your tax-exempt status annually at https://apps.irs.gov/app/eos/
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