What Does It Mean for a Nonprofit to Lose Tax-Exempt Status?
Since 2011, more than 500,000 tax-exempt entities have lost their tax-exempt status automatically. This started in 2011 when the IRS announced that 275,000 nonprofit groups — about 18% of the nation’s tax-exempt organizations — lost their tax-exempt status because they failed to file IRS Form 990s for three consecutive years. Since then, organizations have continued […]
501(c)(7) Social Clubs and Recreational Organizations – How to stay tax-exempt
Fraternities, country clubs, hobby clubs and sports clubs all are examples of groups organized for social, recreational and similar nonprofit purposes that are tax exempt under Section 501(c)(7) of the Internal Revenue Code. What is a 501(c)(7) social organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social […]
How Do I Start a PTO – Parent Teacher Organization?
How do I start a Parent Teacher Organization – PTO?
One way for parents to be support their child’s school is to join their Parent Teacher Organization (PTO). But what if your child’s school doesn’t have one? How are PTOs different from PTAs?