|I am an attorney and I volunteer time to answer general questions about U.S. Federal income tax issues of nonprofit 501(c)(3) public charities only. Those questions could be about establishing and maintaining legal requirements for such non-profit organizations in the United States, including Internal Revenue service filings and requirements. I will not be working on this free forum to answer questions about Nonprofit's possible unrelated or for-profit businesses or how to fill out forms. This forum is only for general questions about federal tax law, not as the law applies to your specific situation. If you make your question public then I tend to spend more time on answers to benefit the public. If you have other questions, please contact me at Harvey108@hotmail.com I will reply from my email. To search my previous answers you can do a Google search by "site:allexperts.com/q/nonprofit" without the quotes and then add your search terms before hitting enter.|
The IRS has written --- Start of Excerpt --- A stipend is defined as a fixed sum of money paid periodically for services or to defray expenses. The fact that remuneration is termed a "fee" or "stipend"
I have in my profile that this free forum is only for general questions about IRS federal exemption issues of 501(c)(3) organizations. The IRS allows 501(c)(3) organizations to hold fundraising events
Yes, a 501(c)(3) organization may use Paypal. In fact, Paypal discounts fees for 501(c)(3) organizations that have received a determination letter from the IRS that they are exempt from federal income
Unless otherwise indicated in the bylaws or in the resolution adopting them, once bylaws are adopted, they are effective immediately. Harvey Mechanic, Attorney at Law - Harvey108@hotmail.com P
Yes, as you are limiting benefits to members. Such an operation would be what the IRS calls a cooperative. A cooperative is not qualified as a 501(c)(3) organization. A 501(c)(3) booster organization