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
Non-profit tax reporting
Non-profit tax reporting
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."
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
- HEMA Alliance Member
- Posts: 717
- Joined: Mon Jan 18, 2010 12:05 am
- Location: New Hampshire
- Contact:
Re: Non-profit tax reporting
This needs to go out in an email, as not everyone checks the forums.
(Also, which years do you need?)
(Also, which years do you need?)
Re: Non-profit tax reporting
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.
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."
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."