A Note from Our President

 


As the new President, I participated in my first statewide president's teleconference. It was very interesting, and a fun new experience. The topic was the ASCE organization, and how it is similar to and different from the companies many of us work for. For example, most of us know that ASCE is a tax exempt organization. However, most of us do not pay attention to which type of tax exempt organization we are. After all, there are many different classifications or tax exempt organizations.

You may find it surprising that ASCE is not a 501(c)(6) organization, which is the classification specifically for "professional organizations." This seems odd because ASCE is indeed a professional organization. ASCE is actually a 501(c)(3) organization. This is the classification typically used for charitable organizations. However, ASCE fits into this classification because we operate exclusively for "exempt purposes." ASCE was organized for the exempt purpose of erecting public buildings or works. One interesting fact is that ASCE was founded prior to creation of the laws which govern tax exempt organizations. ASCE was founded in 1852, while the federal income tax wasn't established until 1913.

So, what does this mean to us as members of ASCE? Well, for one thing, it means that any contributions we make to the Branch as individuals are tax deductible. That is great news! Especially for those dedicated individuals who would like to sponsor the Branch.

 

I look forward to seeing everyone at our next Branch meeting!!

 

Sincerely,


Michael York
President