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The steps required to become a nonprofit include applying for tax-exempt status. If States do not require the "determination letter" from the IRS to grant non-profit tax exemption to organizations, on a State level, claiming non-profit status without that Federal approval, then they have actually violated Federal United States Nonprofit Laws.
The New York City 2012 Olympic bid was one of the five short-listed bids for the 2012 Summer Olympics, ultimately won by London. New York City's Olympic bid was managed by a private non-profit organization, NYC 2012, founded by Daniel L. Doctoroff, then the managing director of Oak Hill Capital Partners, a private equity firm. [1]
The Olympic Regional Development Authority (ORDA) is a New York State public benefit corporation, created by the State of New York to manage the facilities used after the 1980 Olympic Winter Games at Lake Placid, New York. ORDA is the only state-owned ski area organization in the United States. [1] Destinations they operate include Whiteface ...
The Ministry of Justice of Ukraine is the main registration authority for charitable organization registration and constitution. [37] Individuals and legal entities, except for public authorities and local governments, can be the founders of charitable organizations. Charitable societies and charitable foundations may have, in addition to ...
The New York State Register is the official journal of the New York state government that contains information on proposed regulations and rulemaking activities. [1] The New York State Register is published weekly by the New York State Department of State 's Division of Administrative Rules. [ 1 ]
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
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The origins of 501(c)(4) organizations date back to the Revenue Act of 1913, which created a new group of tax-exempt organizations dedicated to social welfare in a precursor to what is now Internal Revenue Code Section 501(c)(4). [62] The Protecting Americans from Tax Hikes Act of 2015 introduced a new requirement on 501(c)(4) organizations. [63]