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Sunday, February 4, 2018

Optimist Club reminder: file Form 990 by February 15

The month of February brings to mind many things: #OptimistDay, Groundhog Day, SuperBowl, Valentine's Day, and e-File Day, among others.

Wait a minute -what's that last one?

February 15 is e-file day for all US Optimist Clubs. The form 990 is due on or before February 15.

It is fairly simple to e-file. All you need is the following:

  • Employer identification number (EIN), also known as a Taxpayer Identification Number (TIN).
  • Tax year 
  • Legal name and mailing address
  • Any other names the organization uses
  • Name and address of a principal officer
  • Web site address if the organization has one
  • Confirmation that the organization’s annual gross receipts are $50,000 or less
  • If applicable, a statement that the organization has terminated or is terminating (going out of business)

E-file is an option for tax-exempt organizations not required to file a long form which includes nearly all Optimist Clubs except those managing large sums of money (over $50,000) or property.

Complete instructions and log-in filing information can be found here. Form990-N Electronic Filing System e-Postcard

It is free to file and required in order to maintain tax-exempt status as an Optimist Club.