Most tax-exempt organizations that end their operations, either through shutting down, transferring their assets or merging with another tax-exempt organization, must inform the IRS about the details of the action.
Remember, it is important to terminate the club EIN when the club ceases to exist. Make sure that your 4-H Educator knows that you are terminating your club.
HOW YOU SHOULD INFORM THE IRS
Tell the IRS that you're terminating when you file your annual return or notice, as summarized below:
| Return / Report Required | How To Report |
|---|---|
| Form 990-N (e-Postcard) | Answer yes to question asking whether organization has terminated or has gone out of business. |
| Form 990 or 990-EZ | Check Terminated box in header of return. |
| Form 990-PF | Check Final return box in header of return. |
WHEN THE RETURN IS DUE
If you are terminating your organization or effectively going out of business by merging with another organization, you will need to file a final form by the 15th day of the 5th month after the end of the period for which a return is due. The 4-H fiscal year is July 1 – June 30 so the form must be filed by November 15th. Once you file the return that states you have terminated your organization (club) you do not need to file again.
If you have questions, contact your 4-H Educator or the 4-H Director.