DISCLAIMER: Not Tax Advice
No portion of this website or any communication may be considered tax advice. We merely document the organizations's tax status based upon our filings with the appropriate authorities.
Taxes are extremely complicated and affect people differently based upon many factors that we can not know. Therefore, please contact your accountant or tax adviser concerning how a donation would affect you.
State of Florida
Division of Consumer Services
REGISTRATION NUMBER: CH54370
EXPIRATION DATE:March 3, 2019
Commissioners are Volunteers
A Commissioner pledges to undertake responsibility over certain areas of the project for the term of the commission. During that time period the Commissioner is the duly appointed representative of the organization for those areas of responsibility. All information about that area of the project is organized by and obtained through that commissioner.
TAX DEDUCTIBILE TRAVEL AND EXPENSES
Upon satisfactory completion of the duties of the Commissioner, the President shall issue a certificate attesting to the substantial, voluntary services performed.
As a duly appointed representative of a 503(c)(2) Public Tax Exempt organization your air and ground transportation, accommodations and reasonable food expenses may be tax deductible.
IRS Publication 526
January 24, 2018 - see page 5
"Travel. Generally, you can claim a charitable contribution deduction for travel expenses necessarily incurred while you are away from home performing services for a charitable organization only if there is no significant element of personal pleasure, recreation, or vacation in the travel....if you have only nominal duties, or if for significant parts of the trip you don't have duties, you can't deduct your travel expense."
- Also see examples 1 - 4
If you assume duties and responsibilities of a commission, then you will have responsibility for a specified area of the project during the period of your commission. If your area involves SCUBA diving then dives done for REEFSAVE(TM) tasks are also necessary in the performance of your duties and may also be tax deductible.
Not legal advice. Consult a tax adviser.
"A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE."
This page verifies that ReefSave Inc is a public charity, and provides a basic explanation of the charitable deduction for U.S. taxpayers. For non-cash donations, the value for "in kind" donations can vary depending upon what the charitable organization does with the "in-kind" donation.
If the organization sells the donated item or service, then the amount realized by the organization becomes the value the donor would use. However, if the organization uses the item in its mission, then the donor sets the fair market value for tax purposes.
Types of Volunteers and Charitable Deductions
The IRS recognizes that some volunteers may be eligible to deduct their unreimbursed travel and related activity expenses as charitable deductions. This is explained in IRS Publication 526
In general, if you volunteer some of your time at the 2018 Bequia Lionfish Trap Testing Project for ReefSave.org, while your work contribution is welcomed and appreciated by all, your expenses are unlikely to qualify as deductible charitable expenses.
However, if you volunteer to become a full time commissioner, and accept responsibility for certain tasks and duties during the time of your commission, then your expenses are likely to qualify as deductible charitable expenses.
Solicitations of Contributions Act - Florida Statues 496.405
What is a 501(c)(3) Organization?
ReefSave Inc is a public tax exempt not for profit organization under section 501(c)(3) of the Internal Revenue Code. That means U.S. taxpayers may deduct on their U.S. income tax returns, monetary donations made to the organization. Since tax rates vary depending upon may factors, you should contact your accountant for a calculation of what the tax savings would be for you.
What does 509(a)(2) donation mean?
There are different types of 501(c)(3) tax exempt organizations. ReefSave Inc is classified as a 509(a)(2) organization which means it is publicly supported and collects a significant portion of its donations in the form of admission fees for attendance or participation.
Commissioners and Charitable Tax Deduction for Travel Expenses
ReefSave Inc can be verified as a Public Charity (PC) on the IRS.gov website.
Non-Profit Public Charity
info@ReefSave.org Copyright 2018 - ReefSave Inc. - All Rights Reserved
A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE 1-800-HELP-FLA OR ONLINE AT www.FloridaConsumerHelp.com, REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE." REGISTRATION #: CH54370
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