Most kids create an imaginary world where they have friends nobody else can see, and which allows them to be firemen, astronauts, or whatever strikes their fancy. We were all kids like that and as we grew, we found the worlds of science-fiction, fantasy, media, music, art, and other things that allowed us an escape from the mundane world. Within the fannish community, we've found folks who had similar interests. This community of accepting, like-minded folks has allowed us to create and educate. Whether it's science, writing, art, music or even entirely new ideas, the fannish community is a pretty creative bunch. MuseCon is a place to explore that creativity and learn from each other. You don't have to be an expert - all you need is a willingness to try. Come and play with us!
The IRS has formally determined that MuseCon is an exempt organization under section 501c3. This is huge! Even better, MuseCon is a 509a2 charity, with the highest deductibility and contribution limits. We are an official not-for-profit charity organization. Donations are tax-deductable, and often elegible for corporate matching programs. Most importantly, we are listed in the IRS "Publication 78". This is the official published list of charities recognized by the United States Internal Revenue Service.
The following information was taken from the IRS publication -
Applying for 501(c)(3) Tax-Exempt Status.
U.S. federal tax law imposes responsibilities on organizations receiving 501(c)(3) status.
Section 501(c)(3) organizations are required to keep books and records detailing all activities, both financial and nonfinancial. Financial information, particularly information on its sources of support (contributions, grants, sponsorships, and other sources of revenue) is crucial to determining an organization's private foundation status.
Organizations recognized as tax exempt under section 501(c)(3) of the IRC may be required to file an annual information return. Smaller organizations must submit an annual electronic notice using Form 990-N, Electronic Notice (e-Postcard).
Section 501(c)(3) organizations must make their application (Form 1023) and the annual returns (Form 990 or Form 990-EZ) available to the public for inspection, upon request and without charge (except for a reasonable charge for copying). Each annual return must be made available for a three-year period starting with the filing date of the return. Organizations that are tax exempt under section 501(c)(3) of the IRC must meet certain requirements for documenting charitable contributions.
A donor cannot claim a tax deduction for any contribution of cash, a check or other monetary gift, unless the donor maintains a record of the contribution in the form of either a bank record (such as a cancelled check) or a written communication from the charity (such as a receipt or a letter) showing the name of the charity, the date of the contribution, and the amount of the contribution.