Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ, must be submitted electronically.
Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less can satisfy their annual reporting requirement by electronically submitting Form 990-N if they choose not to file Form 990 or Form 990-EZ instead. Exceptions to this requirement include:
Form 990-N is due every year by the 15th day of the 5th month after the close of your tax year. You cannot file the e-Postcard until after your tax year ends.
You will need to:
The department issues numbered exemption certificates to a specified group of entities and organizations exempt from sales tax under K.S.A. 79-3606. See Exemption Certificate frequently asked questions for more information.
Features of Incorporation
1. In most jurisdictions, individual club members are not liable, individually or severally, in suits against the club. Liability is limited to the capital or assets of the club.
2. Some states may not allow an unincorporated association of volunteers to hold title to property. Property ownership would require a "trustee" arrangement where some other party holds title for the club. Even where unincorporated associations may hold title, the legal setup does not serve the members' interest as well as incorporation.
3. Legal documents, such as contracts, etc., are more easily handled under a corporate structure.
4. Tenure of a corporation is perpetual in nature.
5. Lions Clubs may generally operate as well in corporate structure as in unincorporated association form.
6. An annual state non-profit corporation return must be filed each year. The filing fee and the franchise fee vary from jurisdiction to jurisdiction in and may be $100 or more.
7. Individual liability protection under corporate structure may encourage action, which may lead to failure of the club. The club may overreach itself in a financial obligation or take on a fundraising project which, by its nature, requires more insurance coverage than is provided under the Association's liability policy for clubs. The Association’s policy provides $1,000,000 liability coverage per occurrence, $2,000,000 per year aggregate (annual limit of liability) per named insured.
8. Cost of incorporation includes original filing fee. It may range from $10 to $250, depending upon respective state law.
1. If your club chooses to incorporate under the not-for -profit laws of your state, it is required that: a) A statement appears in the Articles of incorporation that the club is a Lions club chartered by, and subject to the Constitution and Bylaws, of The International Association of Lions Clubs. b) The proposed Articles of Incorporation be approved by the Association's attorney prior to filing with your local governmental authorities.
2. A suggested form of "Articles of Incorporation" is attached for consideration by your club's attorney.