Exempt Organizations
Entries across the digest that deal with exempt organizations.
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Nonprofit & Religious
Forming a Charity: Incorporation and the Exemption Application
A charity is two legal acts in sequence: formation under a single state's law, then recognition of exemption under section 501(c)(3) by the Internal Revenue Service.
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Nonprofit & Religious
Unrelated Business Income Tax for Exempt Organizations
An exempt organization pays tax on income from a trade or business regularly carried on that is not substantially related to its exempt purpose, subject to broad exceptions.
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Nonprofit & Religious
Private Inurement and Excess Benefit Transactions
No part of a charity's earnings may benefit an insider. A separate excise tax reaches excess payments to influential persons and to the managers who approved them.
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Nonprofit & Religious
Nonprofit Board Duties and Conflict-of-Interest Policies
Nonprofit directors owe fiduciary duties defined by state corporation law, and the federal annual return asks separately whether the organization maintains a written conflict-of-interest policy.
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Nonprofit & Religious
Political Activity and Lobbying Limits for Charities
Campaign intervention by a 501(c)(3) organization is absolutely prohibited. Lobbying is permitted but limited, and an election is available that replaces a vague standard with measurable ceilings.
