TAX EXEMPT STATUS

June 16th, 2008 by flory

Oxford Junction Improvement, Inc. is now busy working on IRS Form 1023 to acquire 501c3 tax exempt status. The board has had frequent e-mail communication with an attorney in a nearby town, who is helping the board pro-bono. They are about to send the application to Richard Koontz of the Larned Waterman Iowa Non-Profit Resource Center at the University of Iowa for his review and consultation. After the board makes the changes he suggests, they will meet with their attorney for a final review of the application. The application will then be submitted to the IRS.

Acquiring a tax exempt status has been a long and involved process and only a dedicated group of community-minded people would have followed through.

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