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Annual 50-50 Charity & Non-Profit Partner Raffle Partner Passport Guide 2012 The Sunrise Rotary Foundation & The Rotary Club of Westlake Village Sunrise February 2012 Dear Charity/ Non-Profit Partner,
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The annual 50-50 charity amp is a report that nonprofit organizations must file with the IRS to disclose the revenue from gaming activities where the organization retains 50% of the proceeds and the other 50% goes to charity.
Nonprofit organizations that conduct gaming activities where 50% of the proceeds are donated to charity are required to file the annual 50-50 charity amp.
The annual 50-50 charity amp can be filled out electronically using the Form 990-series available on the IRS website. Organizations must provide information about their gaming activities and the allocation of proceeds.
The purpose of the annual 50-50 charity amp is to ensure transparency and accountability in gaming activities conducted by nonprofit organizations, particularly in cases where a portion of the proceeds is designated for charity.
Information such as the total revenue from gaming activities, the amount donated to charity, and details of the gaming events must be reported on the annual 50-50 charity amp.
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