IRS Compliance Benefits

Xtreme Studios Media Charity Network TM IRS Compliance Benefits Effective Date: September 1, 2023 at 1:01 am Company: Xtreme Studio Media1 Studio 692 StreetWise Fans3 Headquarters: Office: Number of Board Members CEO and Presidnt-Founder 304 S Jones St Las Vegas NV 89107 501 S Los Angeles St Los Angeles CA 90013 5 Board Members 3 Filled 2 Open Nashville McKnight 3 2 EIN 92-2953593 1 Nashville McKnight CEO & President-Founder ♦ Open Open Jr Vice President ♦ Jesse M Vice President of People ♦ Jason Mallard Vice Presdient of Rdecrutment, Sale and Memberships ♦ Carlos Dona CFO, Michael Doyle Intrem Vice Presdient of Planning and Operations ♦ JT Actors Rep/Board Member ♦ Kathy Stabolito Board Members ♦ David Clark Legal Advisor Page 1 of 14 501(c)7 Non Profit Social Club Corp Office: 304 S Jones Blvd ・, Las Vegas ・NV ・ 89107 Sub Office: 501 S Los Angeles St ・Office 402 ・ Los Angeles ・ CA ・90013 WWW.STUDIO69.CLUB ・ WWW.PARTYANDPLAY.LIVE ・ WWW.PARTYANDPLAY.US 1 File IRS Form 990 Agency: Company: Internal Revenue Service (IRS) Studio 69 Form: See Form: CLICK HERE IRS Form 990-N, 990-EZ, 990-PF or 990 Instructions: See Form 990 Thresholds to determine which form to file. Then see Current Form 990 Series for instructions. Due: By the 15th day of the 5th month following the end of the taxable year. For most organizations, the tax year ends December 31 so Form 990 is due May 15. Nashville McKnight CEO & President-Founder ♦ Open Open Jr Vice President ♦ Jesse M Vice President of People ♦ Jason Mallard Vice Presdient of Rdecrutment, Sale and Memberships ♦ Carlos Dona CFO, Michael Doyle Intrem Vice Presdient of Planning and Operations ♦ JT Actors Rep/Board Member ♦ Kathy Stabolito Board Members ♦ David Clark Legal Advisor Page 2 of 14 501(c)7 Non Profit Social Club Corp Office: 304 S Jones Blvd ・, Las Vegas ・NV ・ 89107 Sub Office: 501 S Los Angeles St ・Office 402 ・ Los Angeles ・ CA ・90013 WWW.STUDIO69.CLUB ・ WWW.PARTYANDPLAY.LIVE ・ WWW.PARTYANDPLAY.US 2 File California Corporate Tax Returns Agency: California Franchise Tax Board Form: See Form Click Here If your organization is tax-exempt for California purposes, you may need to file one or more of the following: ● Form 199, California Exempt Organization Annual Information Return ● FTB 199N, Annual Electronic Filing Requirement for Small Exempt Organizations (California e-Postcard) ● Form 109, California Exempt Organization Business Income Tax Return ● Form 100, California Corporation Franchise or Income Tax Return. Instructions: See FTB introduction to Tax-Exempt Status Publication and FTB Pub 1068 Tax Exempt Organizations - Filing Requirements and Fees Due: 4.5 months after end of fiscal year. So if your fiscal year ends December 31, the filing is due April 15. Law: California R&TC Section 18506, 23701r, 23701t, 23771, 23772, 23774 Nashville McKnight CEO & President-Founder ♦ Open Open Jr Vice President ♦ Jesse M Vice President of People ♦ Jason Mallard Vice Presdient of Rdecrutment, Sale and Memberships ♦ Carlos Dona CFO, Michael Doyle Intrem Vice Presdient of Planning and Operations ♦ JT Actors Rep/Board Member ♦ Kathy Stabolito Board Members ♦ David Clark Legal Advisor Page 3 of 14 501(c)7 Non Profit Social Club Corp Office: 304 S Jones Blvd ・, Las Vegas ・NV ・ 89107 Sub Office: 501 S Los Angeles St ・Office 402 ・ Los Angeles ・ CA ・90013 WWW.STUDIO69.CLUB ・ WWW.PARTYANDPLAY.LIVE ・ WWW.PARTYANDPLAY.US Penalties: Tax-exempt status can be revoked. Organization's status can be suspended/forfeited. Once the corporation is suspended, it no longer has the protection of its corporate shield. Interest accrues on unpaid taxes from the original due date of the return until the date payment is received. Interest is also charged on penalties. 3 File California Corporate Tax Exemption Renewals Agency: California Franchise Tax Board Form: See Form Click Here Form 199: Exempt Organization Annual Information Return Agency Fee: $10 Due: Annually within 4.5 months of your fiscal year end. Notes: Most exempt organizations need to file an information return every year. Certain organizations are exempt from this filing requirement. 4 File California Sales Tax Exemption Renewals NOT REQUIRED California does not offer blanket exemptions to nonprofits. Charities that qualify for an exemption under a specific type of sale may have ongoing requirements. Nashville McKnight CEO & President-Founder ♦ Open Open Jr Vice President ♦ Jesse M Vice President of People ♦ Jason Mallard Vice Presdient of Rdecrutment, Sale and Memberships ♦ Carlos Dona CFO, Michael Doyle Intrem Vice Presdient of Planning and Operations ♦ JT Actors Rep/Board Member ♦ Kathy Stabolito Board Members ♦ David Clark Legal Advisor Page 4 of 14 501(c)7 Non Profit Social Club Corp Office: 304 S Jones Blvd ・, Las Vegas ・NV ・ 89107 Sub Office: 501 S Los Angeles St ・Office 402 ・ Los Angeles ・ CA ・90013 WWW.STUDIO69.CLUB ・ WWW.PARTYANDPLAY.LIVE ・ WWW.PARTYANDPLAY.US More information: California Department of Tax and Fee Administration 5 File California Statement of Information If the nonprofit was formed in California (Domestic): Agency: California Secretary of State - Business Programs Division Form: See Form Click Here Form SI-100: Statement of Information - Nonprofit Filing Method: Mail, in-person, or online. Agency Fee: $20; Agricultural cooperative corporations: $25. Turnaround: Online version is filed in 1 business day. Due: Biennially by the end of the month when the Articles of Incorporation were initially filed. Can be submitted up to 5 months prior to this date. Law: California Corporations Code sections 6210 Penalties: $50 late penalty. Nashville McKnight CEO & President-Founder ♦ Open Open Jr Vice President ♦ Jesse M Vice President of People ♦ Jason Mallard Vice Presdient of Rdecrutment, Sale and Memberships ♦ Carlos Dona CFO, Michael Doyle Intrem Vice Presdient of Planning and Operations ♦ JT Actors Rep/Board Member ♦ Kathy Stabolito Board Members ♦ David Clark Legal Advisor Page 5 of 14 501(c)7 Non Profit Social Club Corp Office: 304 S Jones Blvd ・, Las Vegas ・NV ・ 89107 Sub Office: 501 S Los Angeles St ・Office 402 ・ Los Angeles ・ CA ・90013 WWW.STUDIO69.CLUB ・ WWW.PARTYANDPLAY.LIVE ・ WWW.PARTYANDPLAY.US Notes: ● We recommend filing online. ● Every domestic nonprofit corporation formed to manage a common interest development under the Davis-Stirling Common Interest Development Act (for example, a homeowners’ association) must also file a Statement By Common Interest Development Association (Form SI-CID) together with the biennial Statement of Information. ● Original signatures are not required. ● Agricultural cooperative corporations file annually. 6 Renew the Charitable Solicitation Registration California Charitable Solicitation Registration Agency: California Attorney General - Registry of Charitable Trusts Law: California Government Code § 12585; California Code of Regulations, Title 11 § 300 Foreign Qualification is Prerequisite: Yes Exam Required? Not Set Registered Agent (Special Agency) Required? No 7 Maintain a California Registered Agent Maintain a registered agent that has a street address in California. The registered agent is responsible for receiving legal documents such as service of process. Appointing a registered agent service is often preferable to listing an officer or director, as their information often changes. Consider using our registered agent service in Sacramento , CA to maintain compliance with the state requirement. Nashville McKnight CEO & President-Founder ♦ Open Open Jr Vice President ♦ Jesse M Vice President of People ♦ Jason Mallard Vice Presdient of Rdecrutment, Sale and Memberships ♦ Carlos Dona CFO, Michael Doyle Intrem Vice Presdient of Planning and Operations ♦ JT Actors Rep/Board Member ♦ Kathy Stabolito Board Members ♦ David Clark Legal Advisor Page 6 of 14 501(c)7 Non Profit Social Club Corp Office: 304 S Jones Blvd ・, Las Vegas ・NV ・ 89107 Sub Office: 501 S Los Angeles St ・Office 402 ・ Los Angeles ・ CA ・90013 WWW.STUDIO69.CLUB ・ WWW.PARTYANDPLAY.LIVE ・ WWW.PARTYANDPLAY.US Nashville McKnight CEO & President-Founder ♦ Open Open Jr Vice President ♦ Jesse M Vice President of People ♦ Jason Mallard Vice Presdient of Rdecrutment, Sale and Memberships ♦ Carlos Dona CFO, Michael Doyle Intrem Vice Presdient of Planning and Operations ♦ JT Actors Rep/Board Member ♦ Kathy Stabolito Board Members ♦ David Clark Legal Advisor Page 7 of 1