Pinehurst, North Carolina August 2014 - BIBAK SE receives a favorable IRS Tax Determination as a tax exempt not-for-profit organization. Refer to the letter below:
To date, BIBAK SE maintained it's tax exempt position. Announcement made to the group as follow:
Today, BIBAK-SE received approval for the tax exemption under public charity status effective August 14, 2014. This was the same date the application was filed courtesy of Myrna.Thus, all contributions given since then are tax deductible. Copy of the 3rd quarter financial report is provided for your perusal.
In addition, per IRS requirement, we are obligated to report our revenues every year (not to miss 3 years) in order to maintain our tax exempt status.
Lastly, with the great task before us, it is not expected that one will do everything, but instead each one can do something.
Sak-en kasin na,
Taga kolekta yo,
Julius T.