This content was originally published by the Longmont Observer and is licensed under a Creative Commons license.
Colorado Gives Day is just around the corner and I urge you not to contribute to Children First of the Rockies which is registered with our State as a 501c and a non-profit however its clearly taking donations from local law firms and giving preferred treatment to parents of the law firms that contribute to this 501c.
The IRS has received a complaint against this 501c regarding its failure to offer services to parents that employ attorneys that do not contribute to its cause and the Secretary of State has also received a complaint regarding donations and preferred treatment for law firms that fund this organization.
More than 100 501(c)(3) organizations lose their exempt status every year, according to the Nonprofit Risk Management Center. The Internal Revenue Code section 501(c)(3) is a provision in the federal tax code, which allows certain nonprofit organizations, including charities, churches, educational institutions, and other organizations that meet the requirements to be exempt from certain taxes. The IRS regulates and regularly reviews exempt organizations to ensure that they are following the regulations and that the organization continues to do the work that led to its exempt status. Failing to follow the guidelines can lead to fines and, in some cases, the loss of 501(c)(3) status.
Judi Atwood Logistics Analyst for TSA Department of Homeland Securities
Longmont
