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Our gross receipts in cash and checks (not including in-kind donations) for 2008 was $21,806.52. This includes donations ($12,852.52), dues ($8.458.00), and beverage payments ($496.00). So, we get to do the 990-N. Yay!<BR>
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Mitch.<BR>
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----------------------<BR> <BR>> Date: Tue, 7 Apr 2009 16:14:21 -0700<BR>> From: dmolnar@eecs.berkeley.edu<BR>> To: board@lists.noisebridge.net<BR>> Subject: [Noisebridge-board] RRF-1 and Form 990 update; october - december gross receipts < $37.5K ?<BR>> <BR>> hi all,<BR>> <BR>> I've taken a first pass over the RRF-1 form and the 990 Form. First, the<BR>> bad news: I read again and they are due 4 and a half months from the<BR>> close of our fiscal year. That's 15 April, which is coming up soon.<BR>> I screwed up earlier when I said they were due 15 May.<BR>> <BR>> The good news is that RRF-1 is a very simple form. The form just asks<BR>> for our gross revenue in the 2008 fiscal year, total assets, and asks<BR>> for more information if we do any of a list of things. We did not do any<BR>> of those things. Therefore I will jut fill in the<BR>> <BR>> For Form 990, this is a nonprofit organization's tax return. It looks<BR>> like we qualify this year for the "postcard" version, form 990-N. This<BR>> would be beneficial because we can file it by web site. The alternative<BR>> is the Form 990-EZ, which is a more involved tax return. I have taken a<BR>> pass over the 990-EZ just in case, but if we can avoid filing it we should.<BR>> <BR>> The requirement for using 990-N is that we have $25K of gross receipts<BR>> in our first tax year -- for us that is the period October 2008 to<BR>> December 2008. According to<BR>> http://www.irs.gov/charities/article/0,,id=177338,00.html :<BR>> <BR>> "An organization's gross receipts are considered to be $25,000 or less<BR>> if has been in existence for 1 year or less and received, or donors have<BR>> pledged to give, $37,500 or less during the organization's first tax year.<BR>> <BR>> Mitch, do you happen to know off the top of your head what our gross<BR>> receipts were for October to December 2008? If it's less than $37.5K,<BR>> then I will go ahead and do the e-file, then mail off the RRF-1.<BR>> <BR>> If we fail to qualify for the 990-N, then we should talk about whether<BR>> to file the 990-EZ now or whether to apply for an extension and engage<BR>> an accountant. Thankfully we get a free automatic 3-month extension just<BR>> by asking.<BR>> <BR>> I'm heading to Noisebridge soon to work on these, and I will be at the<BR>> meeting tonight.<BR>> <BR>> -David Molnar<BR>> <BR></body>
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