On April 9th, 2009 we received 501(c)(3) tax-exempt status from the IRS. We are now legally allowed to gurantee tax-exemption for all donations made to OLEG, Inc. This status is an exciting step for us at OLEG, Inc. A big thanks goes out to Charmaine Benham and Noel Brockett for working hard on the IRS 1023 application during the months of January-March. The process of receiving 501(c)(3) tax-exempt status from the IRS can take up to 9 months, but we received our letter of determination in a whopping 22 days!

501(c)(3) tax-exempt status from the IRS is really a gift from the federal government for approved nonprofit organizations that we as a nonprofit get to pass on to our donors. Now donors get a tax break for supporting our mission by claiming all donations as tax-deductible. The status offers a great incentive for donors to give to causes they believe in such as OLEG, Inc. Soon we will be listed online as a verified tax-exempt nonprofit organization on www.guidestar.org . We will post back again with more info about that later.

Thanks again to all of those who supported us in this process. We look forward to giving this gift back to our donors.