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After a nonprofit organization has been formed at the state level, the organization may seek recognition of tax-exempt status with respect to U.S. federal income tax. That is done typically by applying to the Internal Revenue Service (IRS), although statutory exemptions exist for limited types of nonprofit organization. The IRS, after reviewing ...
An example of donationware is the 1987 Atari ST video game Ballerburg, whose programmer distributed the game for free but asked for a donation, offering as incentive the source code for the game. [2] Red Ryder was a terminal emulation software program created for the Apple Macintosh in the 1980s that used donations to fund development.
The Companies and Intellectual Property Commission (CIPC) is an agency of the Department of Trade, Industry and Competition in South Africa. [1] The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) [2] as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service.
Benevity is a Calgary-based company that provides charitable donation-management, volunteer-management and grant-management platforms. Benevity is one of Western Canada 's largest startups . [ 2 ] Its customers include Nike , Coca-Cola , Microsoft , Google , and Apple , [ 4 ] and about 250 of the Fortune 1000 as of 2017 [update] .
These regulations are used not only to determine if the organization is exempt from tax under the organization's activities as a non-profit organization. If the organization purpose is one of those described in § 501(c)(3) of the Internal Revenue Code , [ 3 ] it may apply for a ruling that donations to it are tax deductible to the persons or ...
Cupertino, California-based Apple and its affiliates, including Beats By Dr. Dre, Braeburn Capital and DeskConnect, have given $1.3 million in political donations so far this year for the 2022...
A mutual-benefit nonprofit corporation or membership corporation, in the United States, is a type of nonprofit corporation chartered by a state government that exists to serve its members in ways other than obtaining and distributing profits to them. Therefore, it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [4] [5]
The company reported revenue of $94.93 billion, up 6.1%, and … Apple’s bottom line took a hit from a recent European Union tax ruling, as smartphone revenue — including sales of its new AI ...