CSPS regains tax exempt status

CSPS stage
The IRS has informed CSPS in Cedar Rapids that is has reinstated the hall's tax exempt status. CREDIT CSPS FACEBOOK

New Bohemia District arts organization CSPS has been informed by the Internal Revenue Service (IRS) that its nonprofit status has been restored. The organization lost its 501(c) (3) status in 2021 after failing to file tax returns for three years. 

The IRS informed CSPS of the action in a letter dated July 18. Additionally, the IRS made the status retroactive, ensuring that all contributions made are tax-deductible, effective Nov. 15, 2020. In the letter, the IRS stated it determined CSPS to be a public charity under the status 509(a)(2).

“This is wonderful news for this important community arts organization as we enter a full season of programs to inform, entertain and transform,” CSPS Board President Monica Vernon stated in a press release. “It’s also a great boost to our efforts to become sustainable over the long term. We invite all who believe in the value of CSPS to step forward and become a friend of CSPS at some level. It was a tough year without our 501(c)3 but with the help of our patrons, staff, board, and volunteers we are working hard to shore up the health of this jewel in the crown of New Bohemia.”