Non-profit tax reporting

HEMA Alliance news, as well as upcoming and past events.
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Ben Floyd
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Non-profit tax reporting

Postby Ben Floyd » Fri Jan 23, 2015 8:15 pm

The HEMA Alliance's New Year's resolution is a little exciting for me, but I'm sure it will make most of you groan. However, in order for this resolution to succeed we really require your help, as always.

Taxes. That's right. I need your help with reporting all funds coming into our affiliates. We are asking for you to report any income not previously reported, separated by year. There are five areas in which we need you to report by March 18th:

1. Donations
2. Dues
3. Event fees
4. Sales
5. Misc.

This information should be reported to Keith Cotter-Reilly (treasurer@hemaalliance.com). Please state for which affiliate you're reporting, and include separate totals for each year. You're also encouraged to report any other info like how many students you have (average per year) etc.

Why are we doing this? Any money your affiliate collected for its own use as part of HEMAA are exempt from taxes because we are (and you are as an affiliate) a 501c3 nonprofit. We still have to report to the IRS! Any money not reported to us, which you've received under the auspices of being an affiliate, will be then considered personal income.

Thanks for your help on making our organization great!

Ben Floyd
HEMA Alliance President
Ben Floyd
HEMAA Lifetime Member
Krieg School of Historical Fencing, a HEMAA group

"A poor Stück will be executed by an ingenious mindful person much more usefully in the work, than the best one will be executed by a fool."

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Michael-Forest
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Re: Non-profit tax reporting

Postby Michael-Forest » Tue Jan 27, 2015 6:11 pm

This needs to go out in an email, as not everyone checks the forums.

(Also, which years do you need?)
Michael-Forest Meservy
Noble Science Academy
HEMA Alliance

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Ben Floyd
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Location: Denver, CO
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Re: Non-profit tax reporting

Postby Ben Floyd » Tue Jan 27, 2015 8:37 pm

It will be. Not everyone checks their email or even uses the same one, in some cases.

All years which you haven't reported as an affiliate.
Ben Floyd
HEMAA Lifetime Member
Krieg School of Historical Fencing, a HEMAA group

"A poor Stück will be executed by an ingenious mindful person much more usefully in the work, than the best one will be executed by a fool."



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