During the summer of 2018, a small group of community workers and volunteers organized to honor a more than 100 year old bilingual newspaper. The mission to maintain weekly print circulation was clear and the vision to transition the historically family owned newspaper into a community owned non profit organization was slowly being materialized. After four years of hard work and dedication, we are happy to announce that La Prensa Texas is an official 501 c 3 non profit organization.
“LPT has always been a nonprofit corporation. What we lacked was the tax exemption number from the IRS. Our application took longer than most because we submitted our application at the beginning of the pandemic. It was during this time a lot of paperwork became manual and the IRS became backed up. We are grateful that we were helped through this process by our CPA Rene Gonzalez and his team with Garza-Gonzalez & Associates. Working without this status has not been an easy task but we are very grateful to our supporters who have continued to support La Prensa Texas through our journey,” said La Prensa Texas Publisher and Board Liason, Yvette Tello.
This status means that the organization is exempt from federal income tax under Internal Revenue Code(IRC) Section 501(c)(3) and donors can deduct contributions they make to our cause under IRC Section 170. We are also qualified to receive tax deductible bequests, devises, transfers or gifts under Section 2055, 2106, or 2522.
On our four year print anniversary, we are energized by this officiation and excited to announce new partnerships and initiatives that benefit our community.
We are so proud of the many landmarks this team has accomplished together including onboarding a whole new digital team, supporting countless community organizations and never missing a print deadline! It has been an honor curating a paper that is community informed while paying homage to the original 1913 publication by elevating artists in our community.