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Nonprofits that make less than $25 a year did not used to have to file annual returns. Now they do - and could lose status if they don't. If you know a club that has 501(c)(3) be sure they know of it.

Link: http://www.usatoday.com/money/perfi/taxes/2010-05-14-charity14_ST_N...

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I tried to bring up the subject of nonprofit on a previous post, but didn't really get a response. Should all disc golf clubs register as nonprofit organizations?
If you make money . . . you may want to.

The other advantage is legal liability. If you are a cooperation (aka a company) and do things as a company you are personally legally responsaible for the liability.

If a church is NOT incorporated and someone comes in and slips and breaks a leg, every member who goes there is legally liable for the lawsuit. Let's say you have a 100 family church and someone win a judgement for 10,000,000 every family is legally liable for 100,000.

Now if a church in incorporated and someone falls and gets a $10M judgement then it is the church that is on the hook for the money.

This is the same for a disc golf group. The first action should be to incorporate and get a legal protection.

As far as a 501c3 I really doubt that most will need to file as such. If you are a 501c3 then you can accept tax deductiable donations.
thats good to know thank you terry
And even if you are not a 501(c)(3) nonprofit, you can use the Disc Golf Foundation to accept tax-deductible contributions for you, from sponsors.
wasn't there an article a few issues ago( the PDGA mag ) about how a group could also petition a city for funds for tournaments based on a tourism deal or something?
Got to love Uncle Sam trying to bend over the 501c3's. Sometimes I think that some churches should be taxed as some Pastors become millionaires...we have one here in Alaska. He lives just as good as the C-positions of big corporations around here...I think that is BS.

Sorry, off topic...I’ll have to follow up with my organization to make sure that we're in compliance.
Thanks Terry for the Information. I'll try to forward it on to our Club.

www.sandiegoaces.com

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