PrincetonInfo HomeU.S. 1 Print ArchivesEventsCompaniesHealthClassifiedsDining

Current Issue of U.S. 1

Check out the current issue of U.S. 1 online.

Search our Archives

Compelling reading from nearly a quarter century of U.S. 1.

Interchange

Letters, opinions, and arguments from our readers.

Survival Guide

News you can use for your business or your career.

Preview of the Arts

The discerning guide to what’s happening in Princeton and central NJ.

Fast Lane

Companies on the move, expanding, new in town, or just in the news.

Check the Classifieds

The onllne version of U.S. 1’s classifieds. Click here to post your own.

Murder at the Mall

Click here for the latest installment in the ‘Education of Richard K. Rein.’

Submit Your Event

Tell us about your upcoming event.

Voice Your Opinion

Click here to register your point of view, concern, or correction.

Need Help Navigating?

Click here for a user’s guide, or just call us at 609-452-7000.

What's New in Princeton & Central New Jersey?
Reprinted from the June 15, 2011, issue of U.S. 1 Newspaper
Hundreds of Nonprofits Lose Their Status
by Sara Hastings

Perhaps because most non-profits have no income on which they would pay taxes, filing forms with the Internal Revenue Service might not be high on their to-do lists. But that doesn’t mean the IRS is ignoring them. In fact, with the passage of the Pension Protection Act in 2006, most tax-exempt organizations are now required to file an annual return with the IRS and risk revocation of their tax-exempt status if returns are not filed for three consecutive years.

The IRS says it has gone “the extra mile” to alert non-profits to the changes, including mailing more than 1 million notices to organizations that had not filed. Last year the agency gave smaller organizations a five-month extension. About 50,000 organizations came into compliance.

Still, as of June 8, about 275,000 organizations nationwide had lost their nonprofit status because of failure to file. While some of the organizations listed are likely defunct, others are still active and can follow IRS guidelines for having their nonprofit status reinstated.

Roughly 700 Princeton-area organizations appear on the IRS list that was distributed to the media in what is obviously another way of publicizing the new requirement. Among the organizations listed:

Bordentown: The Thomas Paine Society.

Ewing: Ewing Edge Softball and the Rollin’ Oldies Car Club.

Hamilton: Hamilton High West Hornet Football and the Fraternal Order of Police.

Hightstown: The YWCA and Hightstown-East Windsor Chamber of Commerce.

Hopewell: The Little League Baseball Association and the Hit and Miss Rod and Gun Club.

Lawrenceville: Loaves and Fishes Community Dinners, the Medical Society of New Jersey, the New Jersey Higher Education Alliance, and the Lawrenceville Presbyterian Church.

New Brunswick: Rutgers’ Edward J. Bloustein School of Planning and Public Policy and the Lesbian and Gay Coalition of New Jersey.

Pennington: the Borough of Pennington and the Princeton Area Swimming and Diving Association.

Princeton: Princeton University Classes of 2006, 2007, and 2008; the Princeton Middle East Society; the Bristol-Myers Squibb Employee Association; Alpha Epsilon Pi Fraternity; and the Canadian-American Chamber of Commerce.

Princeton Junction: The Anthony Pappalardo Scholarship Fund.

Trenton: the Trenton Development Corporation.

As the IRS notes: “Publication of an organization’s name on the list of automatically revoked organizations serves as notice to donors and others that the organization is no longer eligible to received tax-deductible contributions.” Complete listings for all states are available at 1.usa.gov/501c3s.

Post New Comment

Your name:


E-mail:

The content of this field is kept private and will not be shown publicly.

Comment:



Security Code:

Please enter the security code from the image above.

 

 

Become a sponsor! Reach the viewers of PrincetonInfo.com and the readers of U.S. 1.