Nonprofit Status Committee

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(Councillor bios)
(Definition of Terms)
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==Definition of Terms==
 
==Definition of Terms==
* Educational
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* Educational - The instruction of the public on subjects useful to individual and beneficial to the community.
* Support Tests
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* Support Tests - The IRS uses the public support test to check if a nonprofit receives substantial support from the general public, as outlined by Section 509(a) of the Internal Revenue Code. This test determines if a nonprofit is a private foundation or a public charity.
* Qualifying Support
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* Qualifying Support - Support that is considered by the IRS to be "public" in terms of the above support tests.
* Total Support
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* Total Support - All of the applicable revenues of the organization.
* Unrelated Business Income
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* Unrelated Business Income - Any income that does not match the exempt purpose of the organization.  The Unrelated Business Income must be tracked separately, and the organization is required to pay all applicable taxes on it.
  
 
==Questions==
 
==Questions==

Revision as of 16:20, 16 November 2012

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