Thursday, April 14, 2011
Grand Valley bikes Officially a 501(c)3 Non Profit !!
In a letter to Grand Valley Bikes (GVB) dated March 22, 2011, the IRS determined that Grand Valley Bikes is "exempt from Federal income tax under section 501(c)3 of the Internal Revenue Code ", and has cladssified us as a Public Charity under section 170 (b) (1) (A) (vi). Contributions to GVB are deductible under section 170 of the Code. We are also now qualified to receive tax deductible bequests, devices, transfers and gifts under sections 2055, 2106 and 2522 of the Code.