Hickman County Economic & Community Development Association has filed its IRS Form 990 on time, but I wanted to remind all those tax-exempt non-profit organizations out there the importance of timely filing with the IRS. It is our duty under the tax code to annually report that our operations remain eligible for tax exemption.
Tax-exempt organizations, other than churches and church-related organizations, are required to file annual information forms with the IRS. That’s either a Form 990, 990-EZ, 990-PF or the 990-N (e-Postcard). Filing the form is necessary to maintain an organization’s tax-exempt
status. For more information, check out Annual Form 990 Filing Requirements for Tax-Exempt Organizations from the Internal Revenue Service.
The online training at http://www.stayexempt.irs.gov/ provides another helpful resource for tax-exempt non-profit organizations to maintain their status.
About Daryl Phillips, CEcD
I am a professional economic developer. I presently work for communities and companies in developing and implementing workforce and economic development solutions as CEO of Phillips Economic Development Solutions (Phi EDS).
Prior to September 2017, I was the economic development professional who served a community team of elected officials, business people, community leaders and dedicated stakeholders for economic development in Cheatham County, Tennessee (pop. 39,880) and its four towns. During my five-year tenure, I served the team as Cheatham County grew over 1,700 jobs, turned around population declines at the start of this decade into healthy population growth, increased tourism expenditures 20.3% and local tax revenue from tourism 25.4%, grew sales tax revenue 36%, focused on developing the local workforce and was recognized by SmartAsset as having the 9th highest Incoming Investment Index of all the 95 counties in Tennessee.
I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers.
I have earned the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council and hold a Master of Business Administration from Tennessee Technological University.
