nonprofit-classification-chart-1.pdf Section of 1986 Code Description of Organization General nature of activities Application Form No. Annual return required to be filed Contributions allowable...

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Please review the document (nonprofit-classification-chart-1.pdf

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)that lists the different types of IRS designations for Not-for-Profits. After reviewing this document, please identify six different organizations that are classified by these designations. Each organization identified should be a different designation.


Please write a few sentences as to your relationship with each not-for-profit and how you first became aware of the organization.




nonprofit-classification-chart-1.pdf Section of 1986 Code Description of Organization General nature of activities Application Form No. Annual return required to be filed Contributions allowable 501(c)(1) Corporations Organized Under Act of Congress (including Federal Credit Unions) Instrumentalities of the United States No Form None Yes, if made for exclu- sively public purposes 501(c)(2) Title Holding Corporation For Exempt Organization Holding title to property of an exempt organization 1024 990 1 or 990EZ8 No2 501(c)(3) Religious. Educational, Charitable, Scientific, Literary. Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations Activities of nature implied by description of class of organization 1023 9901 or 990EZ8, or 990-PF Yes, generally2,3 501(c)(4) Civic Leagues, Social Welfare Organizations, and Local Associations of Employees Promotion of community welfare; charitable, educational or recreational 1024 9901 or 990EZ8 No, generally2,3 501(c)(5) Labor, Agricultural, and Horticultural Organizations Educational or instructive, the purpose being to improve conditions of work, and to improve products and efficiency 1024 9901 or 990EZ8 No2 501(c)(6) Business Leagues, Changers of Commerce, Real Estate Boards, Etc. Improvement of business conditions of one or more lines of business 1024 9901 or 990EZ8 No2 501(c)(7) Social and Recreation Clubs Pleasure, recreation, social activities 1024 9901 or 990EZ8 No2 501(c)(8) Fraternal Beneficiary Societies and Associations Lodge providing for payment of life, sickness, accident, or other benefits to members 1024 990 1 or 990EZ8 Yes, if for certain Sec. 501(c)(3) purposes 501(c)(9) Voluntary Employees’ Beneficiary Associations Providing for payment of life, sickness, accident, or other benefits to members 1024 990 1 or 990EZ8 No2 IRS Organization Reference Chart – page 1 of 3 – Section of 1986 Code Description of Organization General nature of activities Application Form No. Annual return required to be filed Contributions allowable 501(c)(10) Domestic Fraternal Societies and Associations Lodge devoting its net earnings to charitable, fraternal, and other specified purposes. No life, sickness, or accident benefits to members 1024 9901 or 990EZ8 Yes, if for certain Sec. 501(c)(3) purposes 501(c)(11) Teachers’ Retirement Fund Associations Teachers’ association for payment of retirement benefits No Form 6 9901 or 990EZ8 No2 501(c)(12) Benevolent Life Insurance Associations, Mutual Ditch or Irrigation Companies, Mutual or Cooperative Telephone Companies, Etc. Activities of a mutually beneficial nature similar to those implied by the description of class of organization 1024 9901 or 990EZ8 No2 501(c)(13) Cemetery Companies Burials and incidental activities 1024 9901 or 990EZ8 Yes, generally 501(c)(14) State Chartered Credit Unions, Mutual Reserve Funds Loans to members No Form 6 9901 or 990EZ8 No2 501(c)(15) Mutual Insurance Companies or Associations Providing insurance to members substantially at cost 1024 9901 or 990EZ8 No2 501(c)(16) Cooperative Organization to Finance Crop Operations Financing crop operations in conjunction with activities of a marketing or purchasing association No Form6 9901 or 990EZ8 No2 501(c)(17) Supplemental Unemployment Benefit Trusts Provides for payment of supplemental unemployment compensation benefit 1024 9901 or 990EZ8 No2 501(c)(18) Employee Funded Pension Trust (created before June 25, 1959) Payment of benefits under a pension plan funded by employees No Form6 9901 or 990EZ8 No2 501(c)(19) Post or Organization of Past or Present Members of the Armed Forces Activities implied by nature of organization 1024 990 1 or 990EZ8 No, generally7 501(c)(21) Black Lung Benefit Trusts Funded by coal mine operators to satisfy their liability for disability or death due to black lung diseases No Form 6 990-BL No4 – page 2 of 3 – Section of 1986 Code Description of Organization General nature of activities Application Form No. Annual return required to be filed Contributions allowable 501(c)(22) Withdrawal Liability Payment Fund To provide funds to meet the liability of employers withdrawing from a multi-employer pension fund No Form 6 9901 or 990EZ8 No5 501(c)(23) Veterans Organization (created before 1880) To provide insurance and other benefits to veterans No Form6 9901 or 990EZ8 No, generally7 501(c)(25) Title Holding Corporation or Trusts with Multiple Parents Holding title and paying over income from property to 35 or fewer parents or beneficiaries 1024 990 or 990EZ No 501(c)(26) State-Sponsored Organization Providing Health Coverage for High-Risk Individuals Provides health care coverage to high-risk individuals No Form 6 9901 or 990EZ8 No 501(c)(27) State-Sponsored Workers’ Compensation Reinsurance Organization Reimburses members for losses under workers’ compensation acts No Form6 9901 or 990EZ8 No 501(d) Religious and Apostolic Associations Regular business activities. Communal religious community No Form 1065 9 No2 501(e) Cooperative Hospital Service Organizations Performs cooperative services for hospitals 1023 9901 or 990EZ8 Yes 501(f) Cooperative Service Organizations of Operating Educational Organizations Performs collective investment services for educational organizations 1023 9901 or 990EZ8 Yes 501(k) Child Care Organization Provides care for children 1023 9901 or 990EZ8 Yes 501(n) Charitable Risk Pools Pools certain insurance risks of 501(c)(3) 1023 9901 or 990EZ8 Yes 521(a) Farmers; Cooperative Associations Cooperative marketing and purchasing for agricultural producers 1028 990-C No 1 For exceptions to the filing requirement, see chapter 2 and the Form instructions. 2 An organization exempt under a Subsection of Code Sec. 501 other than (c)(3) may establish a charitable fund, contributions to which are deductible. Such a fund must itself meet the requirements of section 501(c)(3) and the related notice requirements of section 508(a). 3 Contributions to volunteer fire companies and similar organizations are deductible, but only if made for exclusively public purposes. 4 Deductible as a business expense to the extent allowed by Code Section 192. 5 Deductible as a business expense to the extent allowed by Code section 194A. 6 Application is by letter to the address shown on Form 8718. A Copy of the organizing document should be attached and the letter should be signed by an officer. 7 Contributions to these organizations are deductible only if 90% or more of the organization’s members are war veterans. 8 For limits on the use of Form 990EZ, see chapter 2 and the general instructions for Form 990EX (or Form 990). 9 Although the organization files a partnership return, all distributions are deemed dividends. The members are not entitled to “pass-through” treatment of the organization’s income or expenses. – page 3 of 3 –
Answered Same DaySep 18, 2021

Answer To: nonprofit-classification-chart-1.pdf Section of 1986 Code Description of Organization General nature...

Deepshikha answered on Sep 19 2021
140 Votes
It is mandatory for any organization to be solely working towards the purpose of community welfare, so as to claim Tax benefits under the various sections of “Social Welfare organization”. There are multiple Non-profit classifications of organisations that can claim tax benefits under the prevailing law in USA.
As per the stated requirement I have picked the below for a brief descriptive analysis.
501(c)(4) Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.
This organisation works towards promoting common goodness in society, e.g. a “Homeowner’s Association”. They work towards preserving local architecture, common areas like Parks, sidewalks and local monuments. I came across this organisation through a common friend and was extremely motivated towards their general cause of efforts.
501(k) Child Care...
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