Nonprofit executives, board members and auditors should have an understanding of how a nonprofit entity obtains and maintains tax exemption. This session will discuss the basics of tax exemption for 501(c) organizations. Topics include obtaining tax-exempt status, acknowledgement of charitable contributions, public charity vs. private foundation status, unrelated business income, lobbying and political activities. This session provides an excellent overview of the topic for those new to the tax-exempt sector or Campers who want a refresher.
