It's audit season again! The semi-annual audit of councils for the period January 1 to June 30 is due on August 15 to Supreme Council. The form is available via Officers Online which Grand Knights and Financial Secretaries have access to, or via the Supreme Council website: http://www.kofc.org/un/en/members/resources/forms/council.html
Speaking of audits, it time again to file your IRS Form 990 (or 990-EZ, or 990-N) If your reporting year ended on June 30, councils have until November 15 to file Form 990, et al.
Excerpts below are from the IRS Website:
Most small tax-exempt organizations whose annualgross receiptsarenormally $50,000 or lesscan satisfy their annual reporting requirement by electronically submitting Form 990-N if they choose not to file Form 990 or Form 990-EZ instead.
Form 990-EZ:If an organization hasgross receipts less than $200,000 and total assets at the end of the tax year less than $500,000, it can choose to file Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, instead of Form 990. Remember, the Knights of Columbus IS NOT a 501(c)(3) organization. The Knights are a 501(c)(8) Fraternal Benefit Society
Just some reminders regarding policies and procedures for submitting postings for the website.
Events that are sponsored by the Bergen Federation, First New Jersey District Fourth Degree, New Jersey State Council, Supreme Council, or the Archdiocese of Newark appear on the Home page. Events that are Council/Assembly sponsored appear on the Council Events page. All items to be posted must go through the Federation President, who will review the material to be posted. If approved, he will forward the information to me for posting. Ideally, please submit your material AT LEAST 3 WEEKS before the date of your event. This will give the Federation President time to review the material and forward it to me. In addition, your posting will have ample time to be on the website to be viewed by others who can respond to your events. Postings are removed automatically after the event.
Want to be notified of events and news? If you aren't receiving notifications about events and news and would like to, enter your name and e-mail address in the Federation Updates section of the home page and click Submit. Lastly, and this is very important - If you are posting an event that involves bingo, raffle, tricky tray, et al, you will need to provide the your New Jersey Legalized Games of Change Control Commission Registration ID number and Raffle License number on your flyer. Since the Internet is public domain, you want to make sure your event is in compliance with New Jersey state regulations. Also, NEVER, EVER post material the mentions games of chance and alcohol - the combination is not permitted under state regulations!!! If you have questions regarding this last point, please feel free to ask me.
Off to the right of where these posts appear is a section where you can register to receive updates to the Federation website via e-mail. Updates are usually posts that appear in this section of the website or events that are posted to the calendar. By subscribing to the updates, you receive e-mails as soon as items are posted to the website.
Simply enter your name and e-mail address and click Subscribe. You will receive an e-mail from "Bergen Federation Knights of Columbus" with the subject "Bergen Federation Knights of Columbus - Please confirm your subscription". When you open the e-mail there will be a sentence stating that the website received an e-mail from your e-mail address and asks you to confirm it by "clicking here". When you do so, you will receive a message thanking you and that you have been successfully subscribed as well as a welcome e-mail. In case you don't see the e-mail, check your spam filter as well as your spam folder in your e-mail system.
As new posts are added to the website, subscribers will receive an e-mail with the words "New Post Published" in the subject line along with the post title. Once you open the e-mail, there will be a link that you can click on which will open the post in your browser.