Can a homeschool athletic booster club be a 501c3?
A parent asks if a homeschool booster club for sports can become a 501c3 organization.
Tag 501c3
Have we hit the $5,000 mark for gross receipts limit?
Carol, I am trying to do some research on the tax exempt status for our homeschool group and cannot find a clear answer. We are trying to see if we have hit the $5,000 gross receipts limit. Would money that…
Tax Exempt Status for Homeschool Co-ops (video)
Carol Topp, the HomeschoolCPA, answers questions from homeschool co-ops leaders on tax exempt status and insurance for homeschool co-ops in this presentation, "Homeschool Co-ops Are Like Marriage: Know What You're Getting Into" at the Midwest Homeschool Convention. Part 7 of 7.
Nonprofit status for homeschool co-ops (video)
Carol Topp, the HomeschoolCPA, shares helpful information on nonprofit status for homeschool co-op in this video clip from, "Homeschool Co-ops Are Like Marriage: Know What You're Getting Into" at the Midwest Homeschool Convention. Part 6 of 7.
Is a homeschool support group automatically tax exempt?
Most homeschool support groups can be considered 501(c)(7) Social Clubs. Why is that important?
Lost your tax exempt status?
If your organization has not filed any of the 990/990EZ/990N forms for three years, it is likely your tax exempt status was revoked.
Adding a football program under your homeschool group
A homeschool treasurer has several questions about tax exempt status and financial oversight of adding a football program.
Is your homeschool organization a “mutual benefit” organization? Maybe not!
Most homeschool co-ops are public benefit organizations because they serve a public good (i.e. education of children) and are not mutual benefit organizations.
Is my homeschool group required to have a 501(c)3 tax exempt status?
The homeschool co-op that I am building cannot qualify for 501(c)(7) social club because we offer classes, therefore we have an educational purpose. But are we required to have a 501(c)(3) status? We are not interested in the benefits of…
The IRS and Cooperative Fundraising
Links to an explanation of the IRS rules regarding fundraising.