This month, the IRS replaced Select Check with the Tax Exempt Organization Search (TEOS) site. This enhanced site allows anyone to view certain public information about tax-exempt organizations
What is the Tax-Exempt Organization Search (TEOS)?
The TEOS is a valuable website for persons interested in basic information about a tax-exempt organization. You can search by organization name, EIN, or geographic location. TEOS most of the content of the previous Select Check site but with some enhancements and with easier navigability.
On TEOS, you can learn:
What is the impact of TEOS on nonprofits?
The impact should be negligible, as this information has long been publicly available from the IRS or other sources, such as Guidestar.com.
That being said, organizations should take a moment to review the information available on TEOS to ensure it is accurate.
This is a good opportunity to verify your organization's exemption has not been automatically revoked. This is not an uncommon occurrence for small clubs in which the treasurer changes every year or two and the organization does not have a formal postal address. Automatic revocations can easily slip by the club and not be noticed until a donor (or prospective) donor uses the TEOS to verify the deductibility of a contribution.
Christine Jarzab Kuntz is an attorney specializing in the life cycle of businesses and nonprofit organizations. She is enthusiastic to share her knowledge, tools, and tips with the business and nonprofit community. She enjoys the excitement of tutoring start-ups, tackling the challenges of established businesses, and counseling her clients' transitions through all stages of the business life cycle.