On October 13, 2015 the Internal Revenue Service wrote NC-SARA to inform us that they have determined that we are exempt from federal income tax under Internal Revenue Code (IRC) Section 501 (c) (3). Donors can deduct contributions they make to us under IRC Section 170 and we can receive tax deductible bequests, devises, transfers or gifts under Section 2055, 2106, or 2522. Organizations exempt under IRC Section 501 (c) (3) are further classified as either public charities or private foundations; the IRS has determined that NC-SARA is a public charity under Section 509 (a) (2).
NC-SARA has applied to the IRS for 501(c)(3) non-profit status under the federal tax code. Securing that status will require several changes in operations; our goal is to make those changes without any inconvenience to SARA states and SARA institutions.
To ensure that the first round of institutional enrollment reporting will not be affected by these planned changes, SARA institutions’ enrollment reporting to NC-SARA will be postponed until May, 2016, one month following the conclusion of required reporting of fall 2015 enrollments to IPEDS. Additional details will be provided in early spring 2016.
Boulder, Colorado – As of June 29, 2015, twenty-seven states have now joined the State Authorization Reciprocity Agreements (SARA) initiative, a key moment for SARA and higher education. In the past month, we have had the pleasure of welcoming Iowa, approved by the Midwestern Higher Education Compact (MHEC) to join the Midwestern State Authorization Reciprocity Agreement (M-SARA) on June 1. Tennessee, Arkansas, and Oklahoma soon followed with approval by Southern Regional Education Board (SREB) to join the Southern State Authorization Reciprocity Agreement (S-SARA) on June 29.
Chicago - On Monday, June 1st, Iowa was approved by the Midwestern Higher Education Compact (MHEC) as the eighth state to join the Midwestern State Authorization Reciprocity Agreement (M-SARA) during the biannual business meeting of MHEC’s Executive Committee. Iowa joins Indiana, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and Ohio. Nationally, Iowa is the 24th state to join the agreement.
New Mexico and Wyoming have been approved by the Western Interstate Commission for Higher Education (WICHE) to become members of the WICHE State Authorization Reciprocity Agreement (W-SARA). In addition, Vermont has been approved by the New England Board of Higher Education (NEBHE) as the second state in the region to join the New England State Authorization Reciprocity Agreement (N-SARA).
From time to time, national and regional SARA staff are asked questions about the types of institutions that are participating in SARA.
On March 12, 2015, Senator Kirk Watson introduced SB 1470, which would authorize Texas to participate in the State Authorization Reciprocity Agreement (SARA).
Ohio has been approved by the Midwestern Higher Education Compact (MHEC) to join the Midwestern State Authorization Reciprocity Agreement (M-SARA).
The New York State Board of Regents met Tuesday, February 10, 2015, and approved necessary actions for New York to participate in the State Authorization Reciprocity Agreement (SARA).