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NOTICE OF PUBLIC HEARING ON PROPOSED BOND FINANCING
Notice is hereby given that the Economic Development Authority of Montgomery County, Virginia (the "Authority"), whose address is 755 Roanoke Street, Suite 2H, Christiansburg, Virginia 24073, will hold a public hearing, on behalf of the Board of Supervisors of Montgomery County, Virginia ("Montgomery County") on the application and Plan of Financing of the Virginia Tech Foundation, Inc., a non-stock, nonprofit Virginia corporation described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Applicant"), whose principal business address is 902 Prices Fork Road, Suite 4000 (0142), Blacksburg, Virginia 24061, for the Authority to issue revenue and refunding bonds or other obligations (collectively, the ...
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The tune of the § 501(c)(3) lobbying restriction may become a bit catchier if it were clear exactly what it meant. That clarity can be provided by understanding and then perhaps modifying the lobbying restriction on religious organizations that currently exists under § 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"). This comment focuses on how to best address the tension between a church's right to free speech and the potential for excessive entanglement between church and state through the lobbying restriction. An ideal lobbying test would provide a threshold safe-harbor figure, while at the same time avoiding the imposition of a significant burden on the church that would create excessive entanglement. Therefore, Congress, or the Treasury, should enact a test ...
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An organization seeking to be exempt from R.C. 2915.02's prohibition against gambling must: (1) be one of the named organizations under R.C. 2915.01(H); (2) be exempt from federal taxation under subsections 501(c)(3), (4), (8), (10), or (19) of the Internal Revenue Code; and (3) have been in existence in teh state of Ohio for a period of two years preceeding the conducting of any scheme or game of chance. When the organization seeks exemption as an "educational organization" and only donates 30% of its revenue or profits to several organizations, many of which do not meet the definition of "educational," the organization does not qualify for the exemption.
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VASSALBORO -- The Oak Grove School Foundation is accepting applications for grants to support the educational and cultural needs of students and nonprofit organizations in the greater Central Maine area.
Recipients must be educational, charitable or religious organizations that are tax exempt under section 501(c)(3) of the Internal Revenue Service code.
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... has been granted an exemption under section 501(c)(3) of the Internal Revenue Code of 1954, as ame...
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Neither the NAACP's decision to report this amount, nor the decision to pay the estimated tax, represents an admission by the NAACP of any liability," according to NAACP General Counsel Dennis Courtland Hayes. "The NAACP has now filed a claim for a refund of the $17.65. If the IRS fails to issue the refund or otherwise respond to our request for a refund within six months, the NAACP intends to seek review of the refund claim in federal court.
The IRS alleged that in distributing Bond's remarks condemning administration policies related to education, the economy and the Iraq war, the NAACP might have violated the restriction on political activity. The IRS commenced an examination of the NAACP in October 2004 - just one month shy of the presidential election and three months before the ...
The NAACP announced Thursday, March 30 that it is taking steps to challenge in federal coourt the Internal Revenue Service's (IRS) threat to revoke the NAACP... political campaign intervention in section 501(c)(3) of the Internal Revenue Code. The NAACP has ...
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The Connecticut Supreme Court recently considered the question of whether a skilled nursing facility operated by a charitable organization, that provides both long-term chronic care and short- term rehabilitative services, is entitled to a property tax exemption.
St. Joseph's Living Center, in Windham, Conn., applied for a property tax exemption from Connecticut. That exemption was denied, even though St. Joseph's is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code.
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The Adopt-A-Child program is hosted by The North End Youth Improvement Council (NEYIC). The NEYIC is a Michigan non-profit taxexempt organization under section 501 (c) (3) of the US Internal Revenue Code. NEYIC was founded over 40 years ago for the purpose of engendering a sense of values, hope, self-esteem, self-worth and self-respect in young people who live in the Detroit community known as the North End. The community encompasses an area roughly bounded by West Grand Boulevard to the south, Chicago Boulevard to the north, the Lodge Expressway to the west and the Chrysler Expressway to the east.
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The Little Art Theatre in Yellow Springs may look exactly the same as it did last month, but one major change has occurred that you won't see just by looking at it. The theater, which has been showing films for more than 80 years, has become a nonprofit organization under section 501(c)(3) of the Internal Revenue code. Jenny Cowperthwaite, who purchased the theater in 1998, will become the executive director, with the theater owned and governed by the Board of Directors of the Little Art Theatre Association. "I decided I needed to do this for the Little Art ... because I believe this is the best for the theater and the community in perpetuity," Cowperthwaite said. Cowperthwaite was inspired to make a change after meeting with Charlie Humphrey, executive director of Pittsburgh Filmmakers...
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Tax law is full of opportunities for charitable contributions to be made by corporations and individuals, most of which are gifts of cash, stock, or other property. However, within the complex rules for charitable contributions is a provision that allows a deduction for qualified conservation contributions. Under Internal Revenue Code Section 170(h), a qualified conservation contribution means a contribution of qualified real property to a qualified organization for exclusive use for conservation purposes. As a general rule, qualified organizations include entities that have a tax exemption under Section 501(c)(3) of the Internal Revenue Code. Contributions made to a governmental unit also qualify.