A nonprofit organization (NPO) or non-profit organization, also known as a non-business entity, or nonprofit institution, and often referred to simply as a non-profit, is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without having tax-exempt status.
Bedford is an incorporated town and former independent city located within Bedford County in the U.S. state of Virginia. It serves as the county seat of Bedford County. As of the 2020 census, the population was 6,657. It is part of the Lynchburg Metropolitan Statistical Area.
Rappahannock County is a county located in the northern Piedmont region of the Commonwealth of Virginia, US, adjacent to Shenandoah National Park. As of the 2020 Census, the population was 7,348. Its county seat is Washington. The name "Rappahannock" comes from the Algonquian word lappihanne, meaning "river of quick, rising water" or "where the tide ebbs and flows." The county is included in the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area.
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items. Examples include exemption of charitable organizations from property taxes and income taxes, veterans, and certain cross-border or multi-jurisdictional scenarios.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
Sumerduck is a small unincorporated village located equidistant between Fredericksburg, Culpeper, and Warrenton, as it is in Fauquier County in the U.S. state of Virginia.
A 501(c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code and is one of over 29 types of nonprofit organizations exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501(c) for definitions of organizations exempt from state taxation as well. 501(c) organizations can receive unlimited contributions from individuals, corporations, and unions.
Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level and no national general sales tax exists. 45 states, the District of Columbia, the territories of Puerto Rico, and Guam impose general sales taxes that apply to the sale or lease of most goods and some services, and states also may levy selective sales taxes on the sale or lease of particular goods or services. States may grant local governments the authority to impose additional general or selective sales taxes.
A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US.
Green Spring Gardens is a public park, including a historic 18th-century plantation house "Green Spring", which is the heart of a national historic district listed on the National Register of Historic Places in 2003. The Fairfax County Park Authority operates Green Spring with the assistance of various nonprofit organizations concerned with history and gardening. Open daily without charge, the street address is 4603 Green Spring Road, Alexandria, Virginia.
The United States Internal Revenue Service (IRS) uses forms for taxpayers and tax-exempt organizations to report financial information, such as to report income, calculate taxes to be paid to the federal government, and disclose other information as required by the Internal Revenue Code (IRC). There are over 800 various forms and schedules. Other tax forms in the United States are filed with state and local governments.
Unrelated Business Income Tax (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax-exempt 26 U.S.C. 501 organization that is not related to the tax-exempt purpose of that organization.
Stepping Stones is the historic home of Alcoholics Anonymous co-founder Bill Wilson and his wife, co-founder of Al-Anon/Alateen Lois Wilson, in Bedford Hills, New York. The historic site features their house ; Bill W.'s writing studio, nicknamed "Wit's End"; approximately 15,000 objects left by the Wilsons; a water pump house; the original one-car garage; a two-car garage and Welcome Center with an orientation display highlighting some of the 100,000 items in the Stepping Stones Archives; a flower garden; a community vegetable garden; and more. Lois left the property to The Stepping Stones Foundation - the nonprofit, tax-exempt organization that she founded in 1979. Since Mrs. Wilson's death in 1988 the Stepping Stones Foundation has maintained and preserved the site with the help of friends, and has offered on-site tours by reservation and off-site educational programs.
Regan v. Taxation with Representation of Washington, 461 U.S. 540 (1983), was a case in which the United States Supreme Court upheld lobbying restrictions imposed on tax-exempt non-profit corporations.
The National Center for Charitable Statistics (NCCS) is a clearing house for information about the nonprofit sector of the U.S. economy. The National Center for Charitable Statistics builds national, state, and regional databases and develops standards for reporting on the activities of all tax-exempt organizations.
Bedford Historic District is a national historic district located at Bedford, Virginia. The district encompasses 208 contributing buildings in two residential neighborhoods of Bedford, known locally as the Old Avenel area and the Longwood Avenue area.
Thorn Hill is a historic home located near Lexington, Rockbridge County, Virginia. It was built in 1792, and is a two-story, five-bay, brick I-house dwelling. It has a side-gable roof, interior end chimneys with corbelled caps, and a two-story, one-bay wing. The front facade features a colossal tetrastyle portico with Doric order columns. The property includes the contributing log smokehouse, frame kitchen, frame servants house and loom house, and barns and farm outbuildings. Thorn Hill was the home of Col. John Bowyer, a central figure in Rockbridge County's formative years.
The Scott's Addition Historic District is a national historic district located in Richmond, Virginia.
