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NOTE: The Clinton Engines Development Project is wholly owned by the non-profit tax exempt Jackson County Historical Society. A local non-profit Clinton Engines Association was started in 2006 but has not yet applied for tax exempt status. The President of the CEA owns Clinton Engines Products Company, that sells Clinton Engines parts. Further, there is a business being conducted under the name Clinton Engines Corporation also located in Maquoketa. This corporation is not listed by the Iowa Secretary of State as an active corporation but IS doing business. Neither CEPCO (aka in some financial resourses as CEPCO, Inc) nor the CEA nor the ‘new age’ “Clinton Engines Corporation” as an entity, has any ownership in the Historical Society or in the Clinton Engines Museum Project, though they (except the new “Clinton Engines Corporation” and CEPCO, Inc) did make valuable contributions to various aspects of the project. Nor does the Project or the Historical Society have any interest, financial or otherwise, in those entities. The treatments of donations to non-profit-not-tax exempt entities and to tax-exempt non-profit organizations have important differences regarding how much of the donated valuation can be deducted on a tax return. So, too for businesses. Always consult your tax advisor before making any donations to any non-profit organization or any business. At present if you wish to donate to the Historical Society’s Clinton Engines Musuem & project and be absolutely sure the gift valuation is fully tax decuctible, it can be donated to the Historical Society. If you wish to contribute to CEA or “Clinton Engines Corporation” or CEPCO or CEPCO, Inc then consult your tax advisor for specific advice about donating to a non-profit not tax exempt entity or to a commercial enterprise because of situationally dependent tax treatment of those donations.
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