Our Non-Profit status – not in jeopardy

You may have seen recent articles about thousands of non-profit organizations nationwide that are  in danger of losing their tax-exempt status.  You may even have seen our name on the   IRS’ list of organizations in Wisconsin at risk of losing their status.

Our 501(c)3 status is OK, and our tax-exempt status is not in danger of being revoked.

The issue began in 2007 when the IRS changed its filing requirements for non-profit organizations. The grace period for non-profits to comply was three years.  Three years later, in 2010 many non-profits were still unaware of the change and their obligation to file the proper form: the 990.  Those organizations are in danger of losing their tax-exempt status.

We filed our 990 last year.  So, don’t worry about the Madison Trust. We are stable and compliant.

Category: Executive Director's Blog