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0
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0answers
19 views

What are considerations for an IRC §501(c)(3) donating to an IRC §501(c)(7) Social Club?

What fiscal considerations may there be for a §501(c)(3) that, consistent with promotion of it's mission, wishes to make a donation to a for-profit corporation or a §501(c)(7) social club? Clearly ...
5
votes
1answer
353 views

Is there a way to see a particular organization's 501(c)(3) application?

For example let's say I wanted to see how the Free Software Foundation or the GNOME Foundation applied. Are those records accessible by the public?
2
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0answers
40 views

Finding funding for a not-for-profit vs a for-profit [closed]

I am planning on registering a business in Canada in the near future. I am developing a tool, the longterm goal of which is to improve conditions in impoverished areas of the world. However, this tool ...
8
votes
2answers
299 views

Taxes due for hobbyist Group Buy

I am part of a hobby forum and I am running a non-profit group buy. I'm a little worried how that will influence my taxes. The group buy works as such: One member wants something expensive, so he ...
2
votes
2answers
160 views

Can my HOA get its own credit card (or something equivalent)?

I'm a volunteer member of my condominium's HOA board. As part of my volunteering, I helped the HOA set up a DSL account that is used to remotely monitor the building's solar panel array. This is all ...
7
votes
2answers
511 views

How can a school club collect money using credit cards?

tl;dr- How can we legally accept credit cards (to our club bank account) without being able to become a legal entity? I'm an officer an officially-recognized student-run club at my university. I'd ...
1
vote
1answer
74 views

501(3)(c) to donators for trophy party

Manager on a little league team asks for donations from businesses to raise money for trophy party. We sell tickets for drawing and give away all donated prizes. Donations are products from the from ...
6
votes
1answer
1k views

How to determine fair market value for a home donated to a fire department for training exercises?

In "Scharf v. Commissioner", the US Tax Court established that donating property for use in firefighting training exercises provides a valuable service to the community. If the receiving fire ...
4
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2answers
1k views

Are in-kind donations from my S-Corp tax-deductible in any way?

I have an S Corp that each year, sponsors a film festival by creating their website for free. In return, they print our logo in their program guide. Last year, I gave them 80 hours of work building ...
7
votes
1answer
107 views

What types of nonprofit entities can be formed to raise money for someone's benefit?

Our family, along with some friends, have become acquainted with a family in our neighborhood whose young girl has a life-threatening illness. The required treatment is lengthy and expensive, so we ...
11
votes
7answers
993 views

How can I help others plan their finances, without being a “conventional” financial planner?

I've helped a few people in my family get their finances in order, just with very basic tips and with money-saving tips I've gleaned from personal experience. I think I've made a significant ...