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Organizations that have been granted 501 status by the Internal Revenue Service are exempt from federal income tax. This exemption requires that any political activity by the charitable organization be nonpartisan in nature. A 501 organization must meet several additional requirements to receive the benefits of tax exemption, including being operated solely for exempt purposes. The organization can’t be operated for the benefit of any private interest; its net earnings can’t benefit any private shareholder or individual. http:\/\/www.met-technologies.co.uk\/210-balance-sheet\/<\/a> Nonprofits can make a profit, but that profit must support only charitable purposes. When an organization contacts, or urges the public to contact, members or employees of a legislative body for the purpose of proposing, supporting, or opposing legislation, or when the organization advocates the adoption or rejection of legislation, it is lobbying. \u201c501 organizations are allowed to do some lobbying,\u201d said Melaney Partner, acting director for the IRS Exempt Organizations Customer Education and Outreach office.<\/p>\n It's no longer a secret, Talibah has a new baby! It's time for a business shower! Join us in celebrating the 501c3 approval for our newest business baby – Access Granted, Inc.! — Talibah M. Bayles (@TMBtax) September 15, 2021<\/a><\/p><\/blockquote>\n\n
Learn more https:\/\/t.co\/VIIHp0Zqf6<\/a>#nonprofit<\/a> #thebankableceo<\/a> #accessgrantedinc<\/a> #talibahbayles<\/a> pic.twitter.com\/8rMisqllrt<\/a><\/p>\n