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    Nonprofit Corporation: Definition and Structure

    Definition: A business organization that serves some public purpose and therefore enjoys special treatment under the law. Nonprofit corporations, contrary to their name, can make a profit but can't be designed primarily for profit-making. When it comes to your business structure, have you thought about organizing your venture as a nonprofit corporation? Unlike a for-profit business, a nonprofit may be eligible ...
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    Starting a Nonprofit Business

    Catherine Rohr was a 27-year-old UC Berkeley graduate with a thriving career in venture capital when, at a reception in 2004, she heard an ex-convict speak about the successful construction business he started after leaving prison. For Rohr, it was a life-changing moment. She realized former drug dealers and gang leaders had entrepreneurial skills: They knew how to manage people, make ...
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    Form 990 Tips and FAQs - Public Support and Public Charity Classification

    Form 990 Tips and FAQs - Public Support and Public Charity Classification
    1. Who must file Schedule A? An organization that files Form 990 or Form 990-EZ must file Schedule A if it is described in section 501(c)(3) (including organizations described in sections 501(e), (f), (k), or (n) that are treated as described in section 501(c)(3)) or section 4947(a)(1)). 2. What is the purpose of Schedule A? Schedule A requires certain information regarding ...
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    EO Exemption Application User Fees to Increase in 2010

    EO Exemption Application User Fees to Increase in 2010
    User fees will increase for all applications for exemption (Forms 1023, 1024, and 1028) postmarked after January 3, 2010: $400 for organizations whose gross receipts are $10,000 or less annually over a 4-year period $850 for organizations whose gross receipts exceed $10,000 annually over a 4-year period $3,000 for group exemption letters. A complete schedule of all user fees will be ...
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    Nonprofit Taxable Activities, Production Complementarities, and Joint Cost Allocations

    Nonprofit Taxable Activities, Production Complementarities, and Joint Cost Allocations
    INTRODUCTION Nonprofit organizations are becoming a large and important sector of society. In 1995, the revenues of nonprofits amounted to more than 12 percent of Gross Domestic Product (Meckstroth and Arnsberger, 1998). In exchange for supplying public goods, nonprofits generally operate free of income, sales, and property taxes. Tax-exempt sources of nonprofit revenues include donations and grants, passive income on investments, ...
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    Steps to Take When Starting Your Own Charity

    Steps to Take When Starting Your Own Charity
    You see a need and want to do something about it. You want to start a charity. Thousands of people, passionate to help the less fortunate or to do something for the planet, launch charities every year, but many stumble or fail. "You need absolute, passionate commitment to whatever the issue is," says Melissa Brown at the Center on Philanthropy at ...
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