The Catholic University of America

Finance: Accounting
Student Organization Tax Identification

 

Approved by: President
History: Issued -- February 19, 2008
  Revised --
  Additional History
Related Policies: Tax Compliance; Cash Handling
Additional References:  
Responsible Official: Assistant Controller, Lizy Kannarkat  202-319-5031
 

I. Introduction

This policy is intended to inform student organizations of the University's policy regarding obtaining a distinct tax identification number for their organization. Since the Internal Revenue Service (IRS) requires annual financial reporting for each tax identification number, the Controller's Office regulates the list of numbers associated with the University.

II. Definitions

A. Tax Identification Number (TIN): Also known as the Employer Identification Number (EIN), the TIN is a unique nine-digit number assigned by the IRS to business entities operating in the United States for purposes of identification.

III. General Policy

Student organizations are not permitted to obtain a separate and distinct tax identification number. If the organization is associated with a national tax-exempt organization that requires its chapters to have a separate TIN, the request for a TIN must be submitted to the Controller's Office, where the request will be evaluated. Since each TIN requires annual tax reporting, obtaining a TIN for an organization will be discouraged unless there are processes in place at the national organization to meet IRS reporting requirements.