Non-profit Issues

Do you know what your club's EIN number is? Every organization must have one to be tracked by the IRS. If your club has been around for a while you may not have had to have this to open a bank account, but now you do. If you do not know what yours is contact your bank. If you need one contact any IRS office and ask for form SS-4 or go to www.irs.ustreas.gov.

Information concerning charitable contributions can be found in the Publication 526 from the Department of Treasury.

Do you know that currently volunteer mileage is tax deductible at a rate of $.14 per mile? There is even an annual rate assigned to volunteer hours. While it can not be used for your taxes it can be used in reporting.

The President¹s Economic Report for 1999 places that value at $14.30 per hour.