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Booster club. Booster clubs are organizations in schools at the high school and university level. The clubs are generally run and organized by the parents of the students in the supported organization in high schools, and by athletic supporters and fans at colleges. Its main function is to develop support for the student program and raise funds ...
501 (c) (3) organization. A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [1] in the US.
A 501 (c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501 (c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501 (c) for definitions ...
A mutual-benefit corporation can be non-profit or not-for-profit in the United States, but it cannot obtain IRS 501 (c) (3) non-profit status as a charitable organization. [1] It is distinct in U.S. law from public-benefit nonprofit corporations, and religious corporations. Mutual benefit corporations must still file tax returns and pay income ...
ramsclub .com. The Educational Foundation, Inc., better known as The Rams Club [6] is the athletic booster club and scholarship organization of the North Carolina Tar Heels at the University of North Carolina at Chapel Hill. [7] [8] The Rams Club was founded on December 7, 1938 [1] and has approximately 17,000 members as of November, 2019. [4]
e. United States non-profit laws relate to taxation, the special problems of an organization which does not have profit as its primary motivation, and prevention of charitable fraud. Some non-profit organizations can broadly be described as "charities" — like the American Red Cross. Some are strictly for the private benefit of the members ...
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