Preface to 2014 IRS 990
This preface is designed to provide necessary background information to assist readers in understanding the information in the 990 in the context of the association marketplace.
The U.S. Internal Revenue Service (IRS) has granted STC special tax-exempt status as a 501(c)3 corporation. This tax exempt status was granted on the grounds that STC conducts educational and charitable activities that benefit the public by improving the skills and abilities of technical communicators.
All 501(c) organizations are required to have their 990s available for public scrutiny upon request. STC is making this 990 available to members on its website as part of the Board of Directors’ commitment to transparency and accountability. STC will also deliver, to any nonmember, a copy upon request in accordance with IRS requirements.
Filing of 990
The 990 filing date for a fiscal year ending 31 December is 15 May. An organization may file for an extension without penalty if the return will be delayed for any reason. STC did not file for an extension this year.
Fiduciary Responsibilities of the STC Board of Directors
The STC Board of Directors has the fiduciary responsibility to ensure that STC follows all applicable laws and regulations. The Board is responsible for ensuring the hiring and retention of competent staff. STC pays competitive market rates to ensure the hiring and retention of qualified and capable association management specialists who can provide quality programs and services to technical communicators. The compensation policy is that STC will pay a median salary for most positions.
If you have further questions about STC’s 990, contact us via email at email@example.com. Thank you for your interest in STC.