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To: EternalVigilance
SIMCOX: I find it interesting that somebody would demand that we have to file our books before we’re even required to by the federal government. We will meet all federal regulatory obligations on November 15th, just as all other non-profit organizations are required to do in this country.

John Gibson obviously didn't do his homework, or he'd have been able to point out that the reporting is meant to be done well before the election, and November 15 is only the reporting date if one has filed for TWO three-month extensions.

In other words, that's not when "all the other non-profit organizations are required" to file - it's 6 months after when they should have filed.

427 posted on 07/26/2006 7:45:27 PM PDT by Amelia (If we hire them, they will come...)
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To: Amelia

Most of those organizations are long-established.

Takes quite a while for new orgs to get their feet under them when it comes to compliance issues.

Victims of their own success, orgs like the Minutemen are...


428 posted on 07/26/2006 7:53:32 PM PDT by EternalVigilance (If Mr. Bush won't enforce the laws against hiring them, they will come...)
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To: Amelia
John Gibson obviously didn't do his homework, or he'd have been able to point out that the reporting is meant to be done well before the election, and November 15 is only the reporting date if one has filed for TWO three-month extensions. In other words, that's not when "all the other non-profit organizations are required" to file - it's 6 months after when they should have filed.

From Guidestar:

The filing deadline for Form 990, 990-EZ, or 990-PF is "the 15th day of the 5th month after [an] organization's accounting period ends." Thus, if a nonprofit's fiscal year ends on December 31, its 990 will be due May 15 of the following year. If the fiscal year ends on June 30, the 990 due date is November 15.

A nonprofit can get an automatic three-month extension by submitting Form 8868 to the IRS. The organization often can get another three-month extension by submitting a second Form 8868.

Thus, a nonprofit can legitimately file its Form 990 with the IRS 11 months after its fiscal year ends:

Accounting Period 990 Due Date Due Date with 1 Extension Due Date with 2 Extensions
1/1/2003-12/31/2003 5/15/04 8/15/04 11/15/04
7/1/2003-6/30/2004 11/15/04 2/15/05 5/15/05

430 posted on 07/26/2006 8:25:41 PM PDT by Spiff ("They start yelling, 'Murderer!' 'Traitor!' They call me by name." - Gael Murphy, Code Pink leader)
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