[ SHOWGSD-L ] Re: Bad news Ohio law - misinterpretation

  • From: Karen4paws@xxxxxxx
  • To: showgsd-l@xxxxxxxxxxxxx
  • Date: Thu, 19 Oct 2006 23:07:00 EDT

 
In a message dated 10/19/2006 10:48:10 P.M. Eastern Standard Time,  
cleary1414@xxxxxxxxxxx writes:
"non-profit" means a registered incorporated  501c3.



Nonprofit means the same thing anywhere. It is defined by the IRS. A  
nonprofit is any organization based group where no one profits from the "sale"  
of 
anything or for that matter from the services provided. 501c3 means the above  
and that the group depends almost exclusively on donations rather that fee  for 
services and is registered as such with the IRS the purpose for this is 2  
fold. Donations made are tax exempt and the organization does not have to pay  
any taxes (including sales tax when buying things for the  organization) other 
than employment. 
 
 


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