​​​​​​​​​​​​Real Help With Your 501(c)(3) Application

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Prepare Your Own 501(c)(3) Application

A. Federal tax law allows public charity 501(c)(3) organizations to make payments to insiders as long as the amounts are reasonable and the goods and/or services are actually rendered. The IRS may impose fines not only on insiders who receive unreasonably high payments, but also on board members who approve such transactions.  In extreme cases the organization can lose its exempt status.  

If you check this box yes, you are responsible for learning the IRS "excess benefit" rules and understanding how they affect your organization.  (Note that rules for private foundations, not covered here, are different.)

Q. Are 501(c)(3) organizations permitted to

engage in financial transactions with officers,

directors or trustees, or with entities related to them?

Prepare Your Own 501(c)(3) Application
By Sandy Deja © 2020  400 pages ISBN 978-1-7340724-1-9

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(available in pdf as well; send email request)