January 10, 2018

MEMORANDUM 

TO:  Chapter Presidents and Regional Council Presidents 

THRU: National President, The Honorable Dr. Doris P. Sartor 

FROM: National Assistant Treasurer, Rochelle Bryant 

SUBJECT: Request for Calendar Year 2017 Financial Reports, Certification, and IRS Electronic Filing Requirements Form 990 (e-Postcard) – Due Date March 31, 2018 

The BIG Calendar Year 2017 Financial Reports, Certifications, and IRS Electronic Filing for the year ending December 31, 2017 is now due. The report is inclusive of the following documents listed below, guidance for preparing and submitting financial reports can be found on www.bignet.org

1.             BIG 990-1 Required Authorization for IRS Group Return,

2.         BIG 990-2 Certification Form,

3.         BIG 990-3 Financial Activity Report,

4.         BIG 990-4 Financial Institution Information Form, and

5.         IRS Form 990-N or IRS Form 990 or 990-EZ

Financial Compliance means filing ALL required documents.  Please complete items 1 through 5 and forward those documents to the National Office postmarked or emailed no later than March 31, 2018. 

Please forward documents to the National Assistant Treasurer, Rochelle Bryant at roceob@gmail.com or forward all completed documents to:

 

Blacks In Government
Attn: Assistant Treasurer, Ref. Form 990
3005 Georgia Avenue, NW
Washington, DC 20001

 

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 Compliance

Gross Receipts less than $50,000:   Tax-exempt organizations with an annual gross of $50,000 or less can satisfy their annual reporting requirement by electronically submitting Form 990-N if they choose not to file Form 990 or Form 990-EZ instead. 

Gross receipts over $50,000:  Tax-exempt organizations with annual gross receipts greater than $50,000 must file Form 990 or Form 990-EZ. 

Please be advised that the BIG financial reporting requirements are in addition to the IRS filing requirements.  Therefore, you are required to submit a copy of the IRS acceptance email for your chapter/region along with the BIG forms to the National Office. 

User Guide and Instructions for Form 990-N, 990EZ and 990: Links are on www.bignet.org 

If you do not file your e-Postcard on time, the IRS will send you a reminder notice.  Any organization that fails to file required e-Postcards (or information returns – Forms 990 or 990-EZ) for three consecutive years will automatically lose its tax-exempt status. The revocation of the organization’s tax-exempt status will not take place until the filing due date of the third year. 

These forms and instructions are posted on http://www.bignet.org for your convenience.  Questions and/or request for assistance should be directed to the National Assistant Treasurer, Ms. Rochelle Bryant at roceob@gmail.com

cc:
National Board of Directors
National Executive Committee
Regional Council Presidents