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Policy:

EASFAA will maintain its status as a private non-profit entity incorporated in one of the jurisdictions within the EASFAA region.

Procedures:

1. It is the responsibility of the Treasurer to see that the Association maintains its status.
2. The Treasurer will maintain records certifying non-profit status.
3. As necessary, the Treasurer will work with the CPA to accomplish whatever filings are necessary to maintain the status.
4. Because EASFAA is incorporated in Massachusetts as a private non-profit organization, it must file a federal non-profit tax return annually. The auditor prepares the federal tax return as part of the annual audit process.
5. There is no requirement to file a state income tax return in Massachusetts.
6. Since June 28, 1989, the Association has been permanently incorporated in Massachusetts as a private non-profit entity.
7. EASFAA's FID # is 222521580.

Approved:

February 1994

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