Nonprofit Organization Federal Disclosure and Colorado Registration Requirements

Federal

Federal Filing Responsibilities

An organization that normally has $50,000 or more in gross receipts and that is required to file an exempt organization information return must file either Form 990, Return of Organization Exempt from Income Tax, or Form 990-EZ, Short Form Return of Organization Exempt from Income Tax. The return is due on the 15th day of the 5th month after the end of the organization's fiscal year. (For example, the 2011 return of an organization whose fiscal year ends on June 30, 2012, would be November 15, 2012.)  The due date may be extended for three months, without showing cause, by filing Form 8868 before the due date; an additional three-month extension may be requested on Form 8868 if the organization shows reasonable cause why the return cannot be filed by the extended due date.

Small organizations - those whose annual gross receipts are normally less than the threshold- are not required to file an annual return, but may be required to file an annual electronic notice - e-Postcard.

As these filing requirements may be amended, please see www.irs.gov for the most recent information.

Federal Public Inspection Requirements

An exempt organization must make available for public inspection its annual information return (e.g., Form 990, Form 990-EZ). Returns must be available for a three-year period beginning with the due date of the return (including any extension of time for filing) or, if later, the date it is actually filed. For this purpose, the return includes any schedules and attachments that are filed with the form. Note, however, that an exempt organization, other than a private foundation, need not disclose the name and address of any contributor. An organization is not required to provide a copy of its Form 990 if the organization has made that form publicly available (e.g., through Internet posting), but must nevertheless make the form available for in-person inspection.

For more information on public disclosure requirements, see Form 990 instructions, Appendix D, Public Inspection of Returns, go to www.irs.gov or Click Here.

State

Registering with the State of Colorado

All charitable organizations soliciting contributions in Colorado -- with a few specific exceptions listed in the Charitable Solicitations Act at 6-16-104(6)(a)-(c), C.R.S. -- must submit an initial registration statement with the Secretary of State and receive a registration number, and must renew their registration annually.

For more information, click on this link: http://www.sos.state.co.us/pubs/charities/charitable.htm


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