January 19, 2017
THRU: The Honorable National President Dr. Doris P. Sartor
FROM: Rochelle Bryant, National Assistant Treasurer
SUBJECT: Request for Calendar Year 2016 Financial Reports and Certification, and IRS Electronic Filing Requirements Form 990 (e-Postcard) – Due Date March 31, 2017
The annual BIG Financial Report for the year ended December 31, 2016 is now due. The report is inclusive of the following documents listed below, guidance for preparing and submitting financial reports are included.
1. BIG 990-1 Required Authorization for IRS Group Return (PDF Document)
It is imperative that all BIG chapters and regional councils adhere to the annual financial reporting requirements of the Blacks In Government National Constitution, as administered by the National Board of Directors, and the Internal Revenue Service. Failure to adhere to the established financial reporting requirements will result in chapter/council suspension, and possible revocation of your chapter’s charter. Note: Always retain a copy for your records.
IRS Required Reports
Under the Pension Protection Act of 2006, our chapters and regional councils whose gross receipts are normally $50,000 or less must file Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-E, unless they choose to file a complete IRS form 990 or Form 990-EZ instead. Please be advised that the BIG financial reporting requirements are in addition to the IRS regulation. Therefore, you are now required to submit a copy of the IRS acceptance email for your chapter/region along with the BIG forms to the National Office.
For chapters/regions whose gross receipts for calendar year 2016 were more than $50,000, you must file the IRS Form 900 or 990-EZ directly with the Internal Revenue Service, and provide a copy to the National Office, Attn: National Assistant Treasurer.
To view the 2016 Form 990 or 990EZ and instructions, please go to:
Questions and/or request for assistance should be directed to the National Assistant Treasurer, Ms. Rochelle Bryant at firstname.lastname@example.org