Rising Tide North America

“This is the initial form 990EZ filed with the IRS. Please see the attached Statement of Program Accomplishments for activities during the fiscal year.”

“Th organization was incorporated in the State of Pennsylvania effective September 16, 2016. The Articles of Incorporation and by-laws are attached as pdf's.”

“Pt.I, line 10 - A number of grants were issued in 2016 to both affiliates ($20,533) and to other organizations ($19,290), none of which was $5,000 or over.”

“The organization is an all volunteer organization with involved individuals living all across the country. There is no paid staff or office expenses so there is very low overhead. Consequently the program portion of expenses in Pt. III is a much higher % than for organizations with more fixed overhead.”

“In December 2015 Congress enacted new requirements for organizations that describe themselves under Section 501(c)(4) of the Internal Revenue Code. To notify the IRS that the organization would operate as a 501(c((4), the new requirements directed the IRS to issue regulations in order to implement the notification procedures. Until the new regulations were issued, organizations did not need to submit any notification to the IRS. When the founders launched Rising Tide North America, this requirement and the related procedures had not yet been established. In fact, they were issued in July 2016, after this initial year of activities had been completed. A new online form, 8976, was created for the notification but there was so little publicity about it that neither the board members nor their CPA learned of its existence until January 2, 2017. Form 8976 was filed on that date. Board members certainly intend to be in compliance with all IRS regulations and would appreciate, in this unusual instance, an abatement of any late filing penalty.”

“Travel 18353.”

“Bank and credit card charges 399.”

“Supplies 2536.”

“Meetings 3407.”

“Data base/website management 885.”

“Contributions to other organizations 1258.”

“Other - various 3438.”