Seymour Helping Hands (SHH) became a recognized 501C3 on 8/4/2022 after previously on 12/6/2021 filing for a Texas State Certification of Formation.
SHH falls under IRS guidelines to allow for 990N filing status.
Taken from the IRS website on 4/9/2023:
Who May File Form 990-N to Satisfy Their Annual Reporting Requirement?
In general, exempt organizations have an annual reporting requirement although there are exceptions.
Most small tax-exempt organizations that have an annual reporting requirement can satisfy the requirements by submitting Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990-EZ. Form 990-N is submitted electronically, there are no paper forms.
An organization eligible to submit Form 990-N can instead choose to file Form 990 or Form 990-EZ to satisfy its annual reporting requirement.
Small tax-exempt organizations generally are eligible to file Form 990-N to satisfy their annual reporting requirement if their annual gross receipts are normally $50,000 or less.
Gross receipts are the total amounts the organization received from all sources during its annual accounting period, without subtracting any costs or expenses.
Gross receipts are considered to be normally $50,000 or less if the organization:
Has been in existence for 1 year or less and received, or donors have pledged to give, $75,000 or less during its first tax year;
Has been in existence between 1 and 3 years and averaged $60,000 or less in gross receipts during each of its first two tax years; and
Is at least 3 years old and averaged $50,000 or less in gross receipts for the immediately preceding 3 tax years (including the year for which calculations are being made).
2022 is officially in the books for us and we want to thank each of you for supporting us then and now. We have listed a copy of our financial report on our website if anyone would like to view as we have now filed our 990N as of 4/9/2023. We are looking for recommendations on CPA or Tax professionals that are well versed in Non-profit rules and regulations to ensure that we continue to move forward as we continue to grow.
2022 Overview:
Income $9,757- expenses $8,618= end of year balance $1,139
Hotel Occupancy Tax funds are included in income and were used for May Car show $1000 and November Toy Run $650- all receipts returned after events and we deeply appreciate the help that was received from this Board and the City of Seymour. We also received a very generous donation from the Baylor County Commissioners and other entities that allowed us to end the year in a positive light. We truly appreciate this help.
Summary
Expenses- Money paid out Total $8,618
Building(s) Fees for events/meetings $750
Supplies- office supplies etc $331
USPS $133
Advertisement- (radio, social media, newspaper etc) $2,333
Monthly- Insurance, other $2,362
Direct Donations given out to others- Cancer Warriors, School Book fair, etc $1,247
OTHER- wristbands, non office items purchased $358
Banquet Food and Other food items $949
Gas (lawnmowers) $55
Projects- lawn mower purchase $100
Income Total $9,757
Banquet $1,000
Car Show $1,200
Mystery Theatre (concession) $112
Bake Sales ($796 of which went directly to Cancer Warrior) $1,252
Parade Float win $75
HOT funds in May Car Show and Nov Motorcycle Toy Run $1,650
Board Project $767
Curb Project $305
Motorcycle Toy Run $527
Donations $2,869
What is not listed- The above numbers do not count the people who received physical donated items. We do not put a price tag on those or track them, unless the donor would like a receipt. Everything physical that is donated is given to families in need. In 2022 we saw an LG Washing machine donated, multiple fans, air conditioners, baby items, food, etc.
We also take in bicycles and fix them up and give back out to children. As of the end of 2022 we had given away 13 bikes.
The Lawn project had a slow start with 11 yards mowed. We hope to do much better this year.
VOLUNTEER HOURS:
Board Members 1,215 hours
Adult Volunteers 158 hours
Junior Volunteers (age 7-17) 130 hours
Collective clocked Volunteer hours for 2022= 1502.5 hours
(No salaries or wages are paid to Board members or volunteers)
All I can say there is WOW!!!!! 2022 was our first “official” year as we only became a non-profit in July. The Board was formed in Oct of 2021 and applied for state recognition and then federal to ensure all guidelines were met to become a 501C3. So we celebrate our formation in October at 2 years this year! I cannot wait to see what all 2023 has in store for us.
We hope that you will consider joining us as we are always in need of Volunteers.
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