Re: Tax Deductibility?
Turba, Thomas N RV (tnt1@PO11.RV.UNISYS.COM)
Sun, 29 Oct 1995 18:31:00 CST
Many years ago our troop decided to become registered as a nonprofit
organization under IRS 501(c)(3) rules. The paper work is really quite
simple for a Scout ortanization. It is not so simple for other
There were two reasons we did this. The most important one at the time was
that we have interest bearing savings accounts. This interest has to be put
on some tax number. Sometimes it has been substantial. I did not want it
on mine. Our chartered organization also did not want it on their's.
The second reason we have a tax number is that we can apply for grants as a
501(c)(3) organization. We have been successful in doing this.
We actually have two tax numbers. The second one is for the state of
Minnesota. It permits us to purchase troop equipment and supplies without
paying the Minnesota state sales tax. Depending on what you are purchasing,
this can be substantial.
T. N. T.
Thomas N. Turba
ASM Troop 297
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Terry Howerton Sakima Group, Inc. SCOUTER Magazine Kansas City