Optimist Clubs operating in Kansas are to be registered with the State as Non-Profit Corporations. This requires the submission of initial Articles of Incorporation and an Annual Report to maintain currency as a Business Entity Active and in Good Standing. Effective September 2003, fees for Incorporation were $20.00 and annually $40.00. Failure to file the appropriate forms and pay associated fees results in loss of entity
As part of the Pension Protection Act of 2006, tax-exempt organizations with gross receipts of $25,000 or less are required to file with the IRS a Form 990-N information return, also known as an "e-postcard." This e-postcard will ask for basic identifying information such as the organization’s legal name, address, employee identification number, and the name and address of its principal officer. The IRS has now issued a set of Frequently Asked Questions about the e-postcard filing requirements, which can be found at http://www.irs.gov/charities/article/0,,id=173864,00.html