[Winona] Shakespeare

[bfmoe at hbci.com]

Janice and all,

I checked both the Attorney General's site and GuideStar. The information looks
as complete as any other organization on each site. GuideStar uses an optical
scan of the actual Form 990; the AG pulls some (but not all) of that
information.

Advertising expenses are all listed on the Form 990. 

It's not unusual that the 2005 information would not appear yet. The 990 does
not have to be filed with the IRS until "the 15th day of the 5th month" after
the organization's year-end (whether it's a calendar year or a fiscal year
starting on some other date). Up to 2, 90-day extensions can also be filed,
which is not an unusual circumstance in the non-profit world. Beyond that, it
takes about 2 months to have a 990 posted on GuideStar (according to their own
information). Not sure how quickly the AG gets information posted.

Any member of the public can ask an organization to see a copy of their 990. You
can certainly call the Shakespeare Festival (or any other non-profit, for that
matter) and ask to see a copy.

Hope that helps.

Beth Moe



Quoting jturek at hbci.com:

> [Winona Online Democracy]
> 
> 
> 
> Wondering if anyone who knows more about reporting for non-profits can
> answer
> some questions for me.
> 
> I see a financial report on Shakespeare for 2003 which looks incomplete, one
> on
> 2004 which seems to have pertinenent information such as advertising expense
> missing and no report on 2005.  It seems that now that they are in their
> 2006
> season the 2005 report should be available.  Does anyone who understands 
> non-profit reporting know otherwise?
> 
> Does anyone know what "Net Inc. from Spec. Events $-283,294" Mean? 
> 
> Thanks Janice Turek 
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