FOUNDATION'S FINANCIAL INFORMATION REQUIRED.Byline: Karen Maeshiro Staff Writer LANCASTER - The high school district's fund-raising fund-raising, large-scale soliciting of voluntary contributions, especially in the United States. Fund-raising is widely undertaken by charitable organizations, educational institutions, and political groups to acquire sufficient funds to support their activities. foundation must provide additional financial information to the state in order to retain its tax-exempt status, officials said Tuesday. The Antelope Valley High Schools Antelope Valley High School is located in Lancaster, California and is part of the Antelope Valley Union High School District. It was founded in 1912[1]. It is located in the Mojave Desert. Education Foundation was delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent. DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty. in filing documents with the state's Registry of Charitable Trusts The arrangement by which real or Personal Property given by one person is held by another to be used for the benefit of a class of persons or the general public. when the foundation's assets or income exceeded $25,000. ``It was oversight
Oversight may refer to:
The registry, a division of the state Attorney General's Office that oversees nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. , notified the foundation last month that it had 30 days to submit copies of its federal tax returns for years in which its assets or income exceeded $25,000. Failure to do so could result in the revocation The recall of some power or authority that has been granted. Revocation by the act of a party is intentional and voluntary, such as when a person cancels a Power of Attorney that he has given or a will that he has written. of the foundation's tax- exempt status, said Joyce Toole, office services supervisor with the registry. The foundation, which was formed in 1993, sent copies of its tax returns for 1997 and 1998, and will send 1999's when foundation accountants complete that year's tax return. The Internal Revenue Service has given the foundation until Aug. 15 to file the 1999 return, Ward said. No information was submitted for the years 1993 through 1996 because there was little financial activity, Ward said. But state officials noted in the 1997 return a beginning balance of $5,936 that was carried over from the previous year, Toole said. ``In looking at the report for 1997, there was a beginning balance, indicating activity in 1996,'' Toole said. ``We have to contact them and ask them for information from 1996.'' Toole said her office also will ask the foundation for a copy of the request for the extension on the 1999 filing. ``They still need to tie up these loose ends,'' Toole said. ``Until we contact them, (the foundation) is not really current and not really delinquent either.'' Ward said the foundation will provide the state with information about what financial activity took place in 1996. ``The only other issue is 1996 and whether or not there was actual activity in 1996. We believe there was nothing reportable,'' Ward said. Toole said her office leaves the responsibility of filing required financial reports to the organizations themselves. |
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