FROM: DIVERSITY NEWS PUBLICATIONS
posted on March 18, 2011
Almost after 2 years and much questioning, the NOH8 Organization founders Adam Bouska and Jeff Parshley finally decided to legalize their organization as a non profit. Per the CA Attorney General, the organization was approved for non profit status on November 5, 2010.
Also on May 12, 2010, they filed IRS form 990 EZ and even requested an extension to file taxes for the term of 08/17/2009 to 12/31/2009 and it was due November 15, 2010 which it was granted by IRS and this documents are available by law for public inspection. Now the organization needs to file again IRS form 990 EZ for the term 1/1/2010 to 12/31/2010 and so each year.
Here in the Golden State of CA the person who regulates non profit organizations is the Attorney General. Some of the rules the apply are 1. No blood relatives can be involved 2. Conflict of interest is a big issue 3. They need to report every year to IRS and provide a copy of their Income Tax to the Attorney General. 5. The IRS Income Tax must be publicized on their website and be available for the public inspection 6. Non profits who do not follow guidelines can be shut down and all their assets will be transferred to a similar organization 7. A non profit is not your business, it is a public entity.
TO READ THE COMPLETE STORY VISIT: