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CVB announces IRS approval as a 501(c)(3) organization
Smith announced that the bureau's application had been approved and that it was now a 501(c)(3) entity. The board had voted in November 2020 to apply for that status and in October 2022 approved wording the IRS requested in its Certificate of Formation. In February 2023 the board voted to also pursue 501(c)(6) status.[1][2][3][4]
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On November 4, 2020 the board voted unanimously to apply as a 501(c)(3) organization. On October 26, 2022 it approved wording the IRS had asked to be added to the Certificate of Formation, that the organization "is organized exclusively for charitable, religious, educational, and scientific purposes." On November 16, 2022 Smith "announced that our application has been approved and we are now a 501(c)(3) entity." [2][3][1]
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On February 22, 2023 the board voted unanimously to pursue 501(c)(6) status, which Smith said would open revenue streams such as dues from surrounding counties for the film commission. In February 2024 Smith told the board she would present to the City Council on March 12 "the changes the CVB is making while moving operations under the 501(c)6." [4][5]
