Franklin PierceLake Association |
Effective May 30, 2022 the FPLA has received approval from the IRS and is now an official 501c3 organization.
That means we will no longer be required to pay income taxes on our annual income, a savings of approximately $650-$750 per year. Additionally, all donations, gifts and bequests to the FPLA for which you receive no financial benefit in return are tax deductible under IRS rules and regulations. Since members receive no financial benefit (but many indirect benefits such as a very clean and beautiful lake!) from the annual $25 membership, your annual membership dues are tax deductible as well. Please think of the FPLA when you are considering where to make your charitable donations!! Click on the link for the IRS letter for your taxes FPLA IRS 501c3 Determination Letter (2).pdf