FRIENDS OF EDGEWOOD NATURAL PRESERVE

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By Peter Ingram

As the new calendar year opens, we are now officially "A California Public Benefit Corporation"! On Nov. 20, 1997, the Friends of Edgewood received final approval of our application to become a tax-exempt organization from the State of California Franchise Tax Board.

The Internal Revenue Service (IRS) had granted their determination of approval on October 1, 1997, finding the Friends exempt from Federal income tax under Section 501(c)(3) of the IRS Code.

As previously reported, this goal has been pursued in order that the Friends’ good name may be recognized in the county and region as a substantial and well-founded volunteer organization that has earned the legal status of a nonprofit corporation.

Additionally, should the Friends ever choose to apply for grants to contribute to the preservation and protection of Edgewood, our ability to compete is greatly enhanced by this new status.

In the coming months the Executive Board will be busy establishing the record-keeping systems and reports that will be needed to successfully sustain our exempt status over time.

Also, you can expect to hear more about changes to the organization’s bylaws, especially in the way officers and board members are elected.

We will also be reporting back in a future issue of the Explorer on how you can properly deduct membership dues and donations from your 1998 tax returns.

Send mail to wm at this domain with questions or comments about this web site. Copyright © 1999 - 2008 Friends of Edgewood Natural Preserve. Last modified: January 20, 2008.