Thursday, September 17, 2009

If you thought the birthday was fun....


....wait til you hear this news.

Many of you know how long we've been waiting for our official 501(c)(3) status letter from the IRS....when awaiting our government, it's always a guess as to when your documents land on the right desk and get that good ol' "stamp" of approval.

Well...after months of phone calls to check in, being told they were months from even assigning our case to one of their experts, and so many of you praying for the IRS employee processing our forms, and crossing your fingers on our behalf —
we have received our official 501(c)(3) status determination letter!! 
It was a total surprise since we had set our minds on not receiving it until after the first of the year. So how's that for a birthday week gift from our federal government?? A big THANK YOU to old Uncle Sam!! And to whomever at the IRS office stamped our pile of paperwork!

"You mean you weren't already a nonprofit??"
Some of you may already have thought we were official—and we hope you all saw our attempts to let you know we were in limbo. (We don't profit one bit off of this service to our heroes, all our work is done by volunteers!) You might wonder what this news means for the donations you've already made. Well, this is good news too: our exemption status is effective September 12, 2008! The IRS allows retroactive deductibility, understanding that a new organization needs to both show their ability to deliver a good service, as well as fundraise to perform services, and then pay all the fees to apply for the status with the government. You all have aided in accomplishing all of those, and we appreciate it!

"When will I receive a receipt?"
We're now going to be working on our process for receipts for your financial gifts and cards; we've been keeping records this whole time, knowing this day was somewhere on the horizon. Given that we're this far into 2009, we'll be preparing receipts that will be emailed out in January 2010, covering all of 2009 into one receipt for you! (Stay tuned for how that will work...thanks!) At a later date, we'll have a process set up for anyone who will be re-filing their 2008 taxes and can provide receipts for that fall and winter if you need that. 

Consult your tax advisor
Lots of you will have questions, and we do want to answer them if we can, but please know that we aren't qualified to give you that kind of advice—please speak with your own tax advisor. We're only empowered to provide receipts for your donations, and let you take it from there.

Happy belated birthday everyone!!!

11 comments:

Fabre said...

GREAT news! Thanks to everyone who supports OWH, your generosity is overwhelming!

Susan said...

Awesome news! Congrats!

Stampin_melissa said...

Congrats! This is wonderful news!

Lost in Paper said...

Wow!! that is an awesome "belated" birthday gift!!!

liannallama said...

That is fantastic news! I am so glad that all your hard work paid off!

Leslie said...

Hallelujah!!! Sandy it just doesn't get any better then that...well maybe if there wasn't a need for us at all that would be really awesome :)

Kay said...

Perfect birthday gift!!

Kajikit said...

Great news!!!!!!

Seongsook Duncan said...

What a great news! Congratulations! Thank you ALL.

Anonymous said...

Oh, yay! That's just so exciting. Know that you've been waiting for this for a while. That's some good news, thanks for sharing.

Velda said...

Great news! None of us do this for the tax deduction, but it all helps in this difficult time. Thanks for your hard work and persistence.