Questions

[Gerrald]

s SubjectDate AskedExpertNon-profit violations5/22/2014Harvey Mechanic  Q: I was elected to a private preschool board two years ago. This school is a nonprofit organizations ...   A: IRS Internal training materials for exempt organization agents from the year favorably commented on ... non profit5/20/2014Harvey Mechanic  Q: We are a not profit ski and social club. We have an employee ID number. Obviously this was applied ...   A: I am assuming that no one expects to receive any charitable deduction for payments to the club and ... for profit5/19/2014Harvey Mechanic  Q: Can a corporate Non-for-profit 501(c)(3) own a for profit S Corporation.   A: Yes. A nonprofit corporation may own any type of entity, including a for-profit S Corporation. You ...
on Non-Profit5/16/2014Harvey Mechanic  Q: My daughter Tori has worked as a volunteer with the Campus Crusade organization(Cru) at the ...   A: First I would need to look at any written agreement(contract) between your daughter and the Campus ... 501(c)6 and membership definition5/14/2014Harvey Mechanic  Q: I am part of a 501(c)6 non-profit that has been established for years. We pay membership dues and ...   A: Let me know if the organization is a North Carolina Nonprofit Corporation. After you give me that ... Obtaining a Credit Card for a Non-Profit5/13/2014Harvey Mechanic  Q: A trustee of a non-profit foundation would like to apply for a credit card to use for gifting to ...   A: A conflict of interest is present whenever a director, and in some states an officer) or a close ... 501(3)c purchasing equipment ohio5/13/2014Harvey Mechanic  Q: I've read a lot of sites and read through a lot of posts. I trying to familiarize myself with our ...   A: I don't know what you mean by the gym having a "nonprofit account". It appears that the gym is a ... Individual Fundraising5/13/2014Harvey Mechanic  Q: I have read many of your responses regarding fundraising on an individual basis(separate accounts) ...   A: The IRS does not have any particular publication detailing what type of fundraising a child may ... Individual Fund Raiser5/9/2014Harvey Mechanic  Q: In January my husband and I found a horse that had been attacked and left to die. Animal control ...   A: No, there are no legal constraints in giving the money back to people who donated. As you did not ... General Liability5/8/2014Harvey Mechanic  Q: we are a non profit and we are about to begin public attended fundraisers. The question cam up if we ...   A: I don't recommend insurance unless you have particular reasons to think that you would be liable for ... Non profit board of directors5/8/2014Harvey Mechanic  Q: Sir, We have formed a non profit corporation in the State of Minnesota. It is a thrift store. It is ...   A: In every state, the Articles of Incorporation will take precedence over the bylaws. For example a ... Activate my 501c35/8/2014Harvey Mechanic  Q: I had a sole propertiship, which I transition too a 501c3 corporation. I want to reactivate and ...   A: It is not clear from what you wrote whether you have already incorporated in the State of Maryland ... Buy Out Options5/7/2014Harvey Mechanic  Q: I am trying to find out if a 501c3 booster club can require it's booster club members to either ...   A: There is a preliminary issue that most 501(c)(3) booster organizations do not consider. That is ... advertising for fundraiser5/7/2014Harvey Mechanic  Q: I am on the board of a 501c3 under our Rotary Foundation. We are advertising a fundraiser and the ...   A: It is not something that would be of concern with federal or state authorities. However, it is ... Large bank account - new president wants to spend it5/6/2014Harvey Mechanic  Q: Our 501(c)(3) group has a bank account with over $10k that was raised through plant sales from ...   A: A 501(c)(3) organization is to have exclusively charitable, religious or educational activities. It ... Applying for an EIN for Booster Club5/5/2014Harvey Mechanic  Q: Our All-star cheer gym in NC is starting a Booster Club. My biggest question is who should the ...   A: If you want donors to be able to deduct donations and not to have your sales income, if any, taxed ... Project-based fundraising5/5/2014Harvey Mechanic  Q: I am on the board of a 501(c)(3). We fundraise to provide support to foreign charities that do ...   A: See the IRS publication at http://www.irs.gov/pub/irs-wd/0504031.pdf for details about international ... Nonprofit member rules5/4/2014Harvey Mechanic  Q: Mechanic, I am a participating member at a non for profit community garden and the director and ...   A: I have in my profile that this free forum is only for general questions about IRS federal exemption ... Non Profit Family Assistance5/1/2014Harvey Mechanic  Q: I am involved with a new non profit 501 c3 and its stated purpose is to help children and their ...   A: Revenue Ruling 56-304 has: --- Start of Excerpt --- Organizations privately established and funded ... Hardship scholarships5/1/2014Harvey Mechanic  Q: In connection with my previous question about scholarships, which I now understand are grants. Is it ...   A: The board members do not need to engage in the process. It could be an executive or executive ... Hardship scholarships5/1/2014Harvey Mechanic  Q: We are a 501(c)(3) gymnastics booster club. We have a parent asking for a hardship scholarship. ...   A: The IRS only refers to Scholarships in the context of educational purposes. In their Publication ... Assessment Refunds4/30/2014Harvey Mechanic  Q: We are a 501(c)3 booster club for a competitive gymnastics team. We are a small group and fundraise ...   A: 1. Your "assessments" can not be actually assessments as a booster organization only engages in ... Group Exemption or Not?4/30/2014Harvey Mechanic  Q: Are there any disadvantages to registering our booster club as tax-exempt under the irs umbrella ...   A: What you are referring to what the IRS calls "group exemption". Group Exemption is discussed ... Gymnastics booster club and equipment purchases4/30/2014Harvey Mechanic  Q: It is valuable and important information our non-profit needs but cant afford, so thank you. I am in ...   A: It appears that the for-profit gym owner may be trying to evade some federal income taxes by, ... Dissolving of booster club funds4/29/2014Harvey Mechanic  Q: At the end of June our gymnastics booster club will dissolve. According to our bylaws, any remaining ...   A: A 501(c)(3) booster organization may grant funds for the meet expenses of the youth, but the grants ... Non-Profit merging with Non-Profit4/29/2014Harvey Mechanic  Q: I am a registered non-profit with the State of Florida corporations only, due to the type of ...   A: I have in my profile that this free forum is only for general questions about IRS federal exemption ... Gymnastics Booster club assessment fees4/28/2014Harvey Mechanic  Q: I have read several pieces on your site about gymnastics booster clubs. I understand the money ...   A: A 501(c)(3) organization may charge fees to pass through to another entity, like a meet or a coach ... construction corp. becoming a non profit4/28/2014Harvey Mechanic  Q: My wife & I have a sub S corporation. We do painting of houses, drywall, etc. We have been ...   A: Internal Revenue Code section 501(c)(3) which is available at: http://goo.gl/7lFll(on page 2, first ... Volunteers a County Owned Golf Courses4/27/2014Harvey Mechanic  Q: Where can I go to research tax law as it applies to vounteers at couty owned golf courses?   A: The IRS Publication 15-B discusses fringe benefits and is available at ... fiscal sponsorship4/24/2014Harvey Mechanic  Q: We are an organization registered in District of Columbia as a nonprofit but hasn't got its 501-c-3 ...   A: The only possible liability is with the 501(c)(3) organization as they need to insure that all funds ... Board meeting4/23/2014Harvey Mechanic  Q: We have two Board meetings per year according to our by-laws. We are holding a special meeting or ...   A: I have in my profile that this free forum is only for general questions about IRS federal exemption ... 501c form 1023 necessity4/23/2014Harvey Mechanic  Q: I am really confused about the 1023 and if it is necessary for us to file one. We are a bowling ...   A: If you want to claim the benefits of 501(c)(3) organization status you would need to file Form 1023 ... City non-profit followup4/23/2014Harvey Mechanic  Q: The city's non-profit foundation has received their IRS determination letter indicating that it is ...   A: All of the IRS exempt determination letters have a designation whether the organization is a ... City Non-profit4/23/2014Harvey Mechanic  Q: A local city has set up a non-profit foundation to assist in revitalizing it. I looked at their ...   A: I am assuming that you are referring to a nonprofit corporation established under the laws of the ... Replacement of Un-Cashed Check4/22/2014Harvey Mechanic  Q: A member of a non-profit recreation association received a check from the association that was ...   A: Yes. There are no IRS regulations prohibiting that for nonprofits or for the for-profits. There ... non-profit fundraising for a Gymnastics Booster Club4/21/2014Harvey Mechanic  Q: We are a 501c3 Minnesota Gymnastics club with a competitive team booster club. A group of athletes ...   A: It will not be a problem if the Board of Directors authorizes a fundraising effort for the group. ... AA in Mass4/18/2014Harvey Mechanic  Q: I am not sure.Even after going to irs.gov what kind of form i need to file for tax exemption status ...   A: First you file the SS-4 form to obtain a EIN(Employer Identification Number - or Taxpayer Id ... Booster Organization4/18/2014Harvey Mechanic  Q: What are the general IRS rules for booster organizations?   A: My summary of IRS regulations relating to 501c3 booster organizations is at: http://goo.gl/ULw6f6 ... Non profit directors4/18/2014Harvey Mechanic  Q: Is it possible for foreign nationals to be directors of and control the board of a non-profit ...   A: States allow Directors who are foreign nationals to control the board of not-for-profit churches. ... TAX FORMS4/17/2014Harvey Mechanic  Q: my Church which is a 501 c3, is requesting all members to complete a w9 or w4 for contributions we ...   A: You are correct. Donors are not required to complete any tax forms to give to the 501(c)(3) ... Page:  

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