IRS has received MEBO Research's 501(c)3 Charity Application

I am happy to announce that according to the FedEx Tracking system, the U.S. Internal Revenue Service, E. O. Application Receiving Department has received MEBO Research’s 501(c)3 non-profit (Charity) application. This very long and involved application, IRS Form 1023, was done for MEBO on a pro-bono basis by The Legal Clinic of the College of Law of Florida International University This same Legal Clinic had also filled out the necessary documents to incorporate MEBO Research, Inc. in the State of Florida, on April 21, 2010 as a Not for Profit Organization. It is with profound gratitude that I thank this institution, my Alma Matter, for extending this pro-bono service to us.

According to www.form1023help.com/id4.html, which explains how the IRS Processes Exemption Applications work, the final disposition of the applications received in the fiscal year 2007 were 79% Approvals, 2% Denials, and 19% Others. This article states,

(“Others” includes transfer to National Office, failure to provide additional information when requested, and status granted different from status applied for.)

If the IRS denies your application, they must provide you with a written explanation of the facts, law, and argument upon which their decision is based, as well as an explanation of your appeal rights.

In the very professional manner in which MEBO’s form was filled out by the Legal Clinic, I am very confident that we should not have any problems. My sincere gratitude goes to those persons who gave donations specifically for this purpose to raise the $750 fee required to register MEBO as a Charity in the United States.

The benefits of this status would be that it would put MEBO in a much better position to obtain grants and donations because they would be tax deductable to the donor, and to relieve MEBO from having to pay many taxes as well at the end of each fiscal year. Therefore, we expect a good return on our investment in the long-term.

Updates on this application process will be published on this site.

María de la Torre
President and Executive Director

www.meboresearch.org
maria.delatorre@meboresearch.org

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