What Are Tax Exempt Organizations - 1619 Words

This project aims to find out the performance of the U.S. Tax-Exempt Organizations in 2015. Especially, we are going to understand how different types of the tax-exempt organizations performed in different States from an industry level in the above-mentioned period. This report uses the most recent data available to highlight significant finance trends in the nonprofit sector. Each year, the Nonprofit Sector in brief presents key information on the number and finances of public charities as well as private charitable contributions and volunteering. The report could serve as an industry research that could be leveraged by individual charitable organization, social welfare organization, business league, etc. It could also serve as a†¦show more content†¦Ã¢â‚¬ ¢ Nonprofit Share of GDP was 5.3% (~$900 billion) in 2015 †¢ Fully 25.3 percent of US adults volunteered with an organization in 2014 Source: http://nccsweb.urban.org/tablewiz/tw.php iii) Of total giving in 2015 ($ 358 billion) †¢ 72% came from individual (living donors) †¢ 4% came from corporations (excludes corporate foundations) †¢ 8% came from individuals (bequest) †¢ 16% came from foundations. iv) Finances In 2015, public charities reported over $2.36 trillion in total revenues and $ 5.4 trillion in total assets. Of the revenue: †¢ 21% came from contributions, gifts and government grants †¢ 72% came from program service revenues including government fees and contracts. †¢ 7% came from other sources including dues, rental income, special event income, and gains or losses from goods sold. v) Growth of all non-profit organizations in last ten years (2005-15) †¢ After adjusting the inflation revenues grew by 30.7 %, expenses by 27.3 and assets by 32.7 % respectively Project Dataset IRS 2015 Tax-Exempt Organization Financial Datasets The data is obtained through the IRS official website: https://www.irs.gov/uac/soi-tax-stats-annual-extract-of-tax-exempt-organization-financial-data The datasets contain selected financial data from filers of three Internal Revenue Service (IRS) information returns — Forms 990, 990-EZ and 990-PF Analysis Method Exploratory analysis, Clustering analysis, RegressionShow MoreRelatedQuestions On The Unrelated Business Income Tax922 Words   |  4 Pagesthe topic. 1. What is the purpose of the Unrelated Business Income Tax? What factors would cause income that would otherwise qualify as unrelated business income to not be taxed? How is the Unrelated Business Income Tax computed? 2 pts Unrelated business income tax is defined in 26 U.S. Code Section 512 of the Internal Revenue Code as: â€Å"Except as otherwise provided in this subsection, the term â€Å"unrelated business taxable income† means the gross income derived by any organization from any unrelatedRead MoreA Brief Note On Non Profit Tax Compliance Essay778 Words   |  4 PagesNon-Profit Tax Compliance Unlike for-profit businesses, the focus of a nonprofit is not on gaining profits for shareholders and owners, but to fulfil a charitable mission for the benefit of the public. Because of this mission focus, the IRS has recognized these organizations as exempt from the federal income tax that is placed on for-profit businesses and individuals. This recognition is not automatic and is not guaranteed. Nonprofit organization must still follow the rules and regulations set forthRead MoreThe Internal Revenue System1317 Words   |  6 PagesSociety labels organizations that perform services to aid mankind in a variety of ways, as being a nonprofit organization. These organizations are also labeled as being a tax-exempt organization. In the eyes of the Internal Revenue Service (IRS) these two terms are completely separate. According to the IRS, a non-profit organization is separation from a tax-exempt organization; however one organization can in fact be can fall into one of these two categ ories or even both (Internal Revenue, 2014)Read MoreThe Board Of A Nonprofit Organization1562 Words   |  7 Pagesnonprofit organization plays a major role in the organizations processes and effects. Chris Morfas, the Board Chair of the nonprofit organization â€Å"California Bicycle Coalition† makes it clear that â€Å"it’s the board’s role to establish the long-term strategic direction of the organization: its mission, vision, values and goals† (Best Practices in Board-Staff Relationships). As a board, we are responsible for the direction, oversight and resources for the organization. The board steers the organization as aRead MoreThe Effect Of Quantity And Quality Of Output Of Health Related Products1666 Words   |  7 Pagesmodel of health care supply. Furthermore, it describes an output maximizing model to predict supplier behavior for a single tax-exempt provider. The chapter describes the joint â€Å"quantity-quality† output-maximizing mo del to predict supplier behavior. Finally, it describes the â€Å"administrator-as-agent† model to predict the effect of ownership status (investor-owned versus tax-exempt) on operating efficiency. Supply reflects the quantity of a good or service that a producer is willing and able to supplyRead MoreTax Code Regulations And The Federal Government Through The Internal Revenue Services ( Irs )827 Words   |  4 PagesIntroduction The 501(c)3 tax code specifically for organizations that are reserved for educational institutions, churches or other nonprofit organizations including what is often deemed as charitable (Lavarda, 2009). There are two main reasons that an organization will seek to attain a tax-exempt status with the federal government through the Internal Revenue Services (IRS). First, is to provide for their beneficiaries a tax-deductible contribution, which allows taxpayers benefits when paying theirRead MoreFederal Taxation Test Paper1123 Words   |  5 PagesTax 2 Test 3 Multiple Choice Identify the choice that best completes the statement or answers the question. _D___ 1. Which of the following are organizations exempt under  § 501(c)(3)? a. Girl Scouts of America. b. Washington and Lee University. c. Veterans of Foreign Wars (VFW). d. Only a. and b. are  § 501(c)(3) organizations. e. All of the above are  § 501(c)(3) organizations. __D__ 2. Which of the following is a requirement for exempt status? a. The organization does not exertRead MoreContract Option For Eo Executive Compensation : What Is It Generally, And What Are The Parameters?1468 Words   |  6 Pagesexecutive compensation – what is it generally, and what are the parameters? Issue #2: How does 990 Schedule J define â€Å"key employee?† Issue #3: What are the 33 principles of good governance listed by the independent section? Issue #4: Summarize General Information Letter 2002-21. CONCLUSION: Issue #1: The initial contract exception provides an exception from the excise tax imposes upon excess benefit transactions between disqualified persons and a tax-exempt organizations. Issue #2: A â€Å"key employee†Read MorePolitical Campaign Contributions Of The United States Essay996 Words   |  4 Pagescandidates receive federal government funds to pay for the valid expenses of their political campaigns in both the primary and general elections. Most political contributions, for the obvious reason of creating a more politically disinterested tax system, are not tax deductible. Political contributions and its limit have a long history and evolution process. In 1896, an Industrialist named Mark Hanna made excessive amount of contributions to candidate William McKinley. It was controversial of the growingRead MoreIrs Report On Government Owned And Private Tax Exempt And Taxable Hospitals881 Words   |  4 PagesReport to Congress Provides Little Insight on Government-Owned and Private Tax-Exempt and Taxable Hospitals. The Internal Revenue Service (IRS) recently released its report to Congress on government-owned and private tax-exempt and taxable hospitals as mandated by Section 9007(e)(1) of the Affordable Care Act (ACA). The ACA requires the IRS to annually submit to Congress a report providing data with respect to private tax-exempt, taxable, and government-owned hospitals regarding (1) the levels of charity

Nature Versus Nurture Is The Source For A Person...

The topic for my milestone three project is nature versus nurture what is the source for a person becoming an addict? Nature versus nurture is a long standing debate amongst many individual’s genes and environment. In my milestone I would like to focus on what could be the trigger for an individual to become an addict. Alcoholism affects not only the individual but also those around them an example the spouse, family members and children. Becoming addicted to alcohol has the ability to effect people for years and can influence children and adults to follow the same path. Drug and alcohol addiction has the ability to have emotional impact on many people. In the U.S the New York State Office of Alcoholism and Substance Abuse Services (OASAS) demonstrates 23.5 million adults living in U.S. had drug or alcohol problem. OASAS states 10 percent of American adults from the ages 18 and older, say they are in recovery. Ninety percent of alcohol abuse start in the teenage years. (Recovery from substance abuse and addiction 2012) Alcohol abuse is connected to more than 75,000 deaths each year and drug abuse has 200,000 deaths. (Alcohol deaths a year. 2005) Psychiatrist and Director of the Center of Alcohol at Yale Medical School E. M. Jellinek’s wrote a book that was essential to the concept of alcoholism as a medical disease. Jellinek’s created a disease theory on alcoholism. His theory stated alcoholism has stages that drinkers gradually go through that lead to an addiction.Show MoreRelatedPersonality and Ethics8599 Words   |  35 Pagespopulation stands at 7 billion and counting (Nasser, 2011). And not a single person is without a personality. Our personality is what makes who we are, what we do, who we interact with and how we live our life. It is a vital aspect that drives most of the decisions and choices an individual makes in his lifespan, and throughout this lifespan, the individual’s personality are tempered by external factors. In spite of all that, the nature of an individual’s personality still commands a degree of stability acrossRead MoreStrategic Marketing Management337596 Words   |  1 351 Pagesgrow libraries in developing countries www.elsevier.com | www.bookaid.org | www.sabre.org Contents Preface Overview of the book’s structure 1 Introduction 1.1 1.2 1.3 1.4 1.5 1.6 Learning objectives The nature of marketing The management process Strategic decisions and the nature of strategy The marketing/strategy interface Summary xi xiii 1 3 3 7 11 19 37 41 43 45 45 50 53 70 71 75 77 79 79 80 81 86 88 89 101 102 104 107 109 Stage One: Where are we now? Strategic and marketing analysisRead MoreSocial Media Business Model Analysis - Case Tencent, Facebook, and Myspace34799 Words   |  140 PagesSocial Media Business Model Analysis - Case Tencent, Facebook, and Myspace Logistics Masters thesis Xiaoyan Hu 2011 Department of Information and Service Economy Aalto University School of Economics ABSTRACT The term of social media is becoming increasingly popular presently, the amount of social media users is growing dramatically, and the monetization of social media has been discussed in publications but not in details. Nowadays, the most frequently used approach to make money for socialRead MoreSocial Media Business Model Analysis - Case Tencent, Facebook, and Myspace34799 Words   |  140 PagesSocial Media Business Model Analysis - Case Tencent, Facebook, and Myspace Logistics Master s thesis Xiaoyan Hu 2011 Department of Information and Service Economy Aalto University School of Economics ABSTRACT The term of social media is becoming increasingly popular presently, the amount of social media users is growing dramatically, and the monetization of social media has been discussed in publications but not in details. Nowadays, the most frequently used approach to make money for social

The Natural Free Essays

â€Å"Roy, will you be the best there ever was in the game? † â€Å"That’s right. † (p. 33) In The Natural, by Bernard Malamud, Roy Hobbs intends to be the best baseball player there ever was, breaking all of the records and enjoying the fame that came with it. We will write a custom essay sample on The Natural or any similar topic only for you Order Now He started playing for the Knights under the management of Pop Fisher as a rookie at the age of 34. His career started slowly but eventually he became the most liked and most watched player in all of baseball leading his team from last place in the standings to the best team in baseball. In 1984, Mark Johnson took the book and produced it into a movie. While there were plenty of small differences, a few major changes were made. These changes ultimately led us from the book where we didn’t like him or want him to succeed to the movie where he was loved and people wanted him to succeed. Two differences in the movie from the book that gave a different mood and an extremely different outcome are Roy’s childhood in the movie and Roy’s relationship with Iris. At the beginning of The Natural movie, the additional portrayal of Roy’s childhood leads him to future success. In the book there was no portrayal of Roy’s childhood, and, therefore Roy did not achieve success to the same degree in the movie. The movie gave the viewer the impression that Roy had a family (including a father) and friends that were supportive and loving. We later find out that Roy’s friend in the beginning of the movie is Iris Lemon. Her role in the movie and the novel are different only because in the movie she had a relationship with Roy prior to him leaving for Chicago however, she plays an important character in both. The book begins with Roy, at age 19, on a train to Chicago to try out for the Chicago Cubs. In the book Iris is visually a complete opposite of Iris in the movie. Iris is described as plump although appealing, with a head full of red hair, yet in the movie she is a skinny, relatively attractive, and blond. Since Roy had a previous relationship with Iris in his childhood, his relationship with her now is much different than it is in the book. In the book, Roy is not very attracted to her and in addition she is a grandmother which does not appeal to Roy because he wants to feel young and that he has many more days as a baseball player. This shows Roy’s personality in the book because he ends up sleeping with her anyway, even though he has no real feelings for her. In the movie, Roy was struggling choosing between Iris, the girl he actually loves, and Memo, the girl he thinks he loves because of her looks. In the novel, Roy was much more drawn to Memo. Her appeal and his lack of self control made him vulnerable to her, â€Å"Roy was thinking about Memo. If not for her he wouldn’t be here trying to make himself at ease with this one. â€Å"(p. 146). Roy sleeps with both girls in the book to satisfy his pleasures, but he only sleeps with Iris because he is obsessed with sex. At the final game, Iris explains that she is having his soon, â€Å"‘Darling,’ whispered Iris, ‘win for our boy. ‘ He stared at her. ‘What boy? ‘ ‘I am pregnant. ‘ There were tears in her eyes. Her belly was slender . . . then the impact hit him. ‘Holy Jesus. ‘† Roy was visually upset because now not only was he a father, but also he was now a grandfather. Roy really does not want to be stuck with Iris and a child as he is trying to grow his career. In the movie, Iris is a romantic prospect for Roy from the beginning. They grow up together as friends and they are quite in love before Roy leaves on the train to play baseball. When Roy becomes famous, Iris finds his name in the newspaper and decides to see one of his games. In the novel, we first see Iris when she is in the stands at one of Roy’s games. These differences change Roy and Iris’s relationship in the novel and the film which ultimately helps decide the outcome of the story. In the film she is romantically linked to Roy which provides him with self-esteem and a reason to become the best he can be. Yet in the book, Iris supports him but he blows her off and his lack of proper feelings towards her ultimately contributes to Roy’s self-destruction of himself and failure. Malamud never intended on writing The Natural as a happy ending however with some changes, the film has a totally different meaning. The mood and outcome of the novel and the movie is changed by alterations made to adding a scene to the beginning of the movie and Roy’s relationship with Iris. Roy had to make decisions in both the movie and the book that either benefited or destroyed him and his career. His actions when he was focused on himself and his pleasures the outcome was destruction, but when influenced by love, hope, and incentive Roy is led to victory and success. Roy fighting against all of the corrupt people trying to buy him out. However, the book tries to make the reader perceive Roy as a very flawed person who is almost in league with others in destroying himself. This incident is also questions Roy’s relationship with Memo in the novel and the film. Roy seems very wary of Memo in the film and it seems as if he has a suspicion that she is plotting against him. When he does end up poisoned it appears that he does realize that it was Memo who did it in order to keep him from playing. Nevertheless, in the novel Roy seems more trusting towards Memo, who uses him for her own greedy ideas and persuades him to throw the game in order to get the money. The quote â€Å"Memo helped. ‘Don’t be stingy, Roy. ‘ ‘Pile it on honey. ‘ ‘You sure are a scream the way you eat. ‘ † shows Roy’s trust in Memo and how she simply helps him destroy himself, without any remorse whatsoever. The naive Roy is fooled by Memo’s looks and charm, and only realizes what he has done at the end of the book when it is too late to be fixed. Overall, this incident questions Roy’s relationship with Memo and comments about his own personality, which is tremendously different in the film, compared to the novel. Regardless of everything else in both the film and the novel, it is undoubtedly the ending of both works that cause the themes in them to be so dramatically different. The books ending involves Roy accepting the bet and appearing to throw the game. His career then heads in a downward spiral as Max Mercy publishes the information about his past and his selling out. In one of the last scenes Roy confronts the judge, Gus and Memo, apparently regretting what he did, but it is too late for him to change his future. The last line of the book is â€Å"When Roy looked into the boy’s eyes he wanted to say it wasn’t but couldn’t, and he lifted his hands to his face and wept many bitter tears. † This fittingly ends the story since Roy has finally felt the repercussions of his actions and realizes his error. Since he confided in people who were innately evil and did not rely on himself and others who really cared about him he failed. However, the films ending is completely different since Roy does not miss the game and ends up winning it for his team. He is regaled as a hero and we assume that he marries Iris and stays with his son from the short ending scene. The differences that this points out is that if a person has confidence in himself and realizes what is really important in life he can really strive to succeed. Roy used Iris and his son as a catalyst to propel him to victory and at the same time utilized his own important characteristics such as perseverance and self-assurance. Altogether, the ending is very different and thus makes the themes of both works very different with one making use of love and dedication while the other falls victim to deceit and impulsiveness. How to cite The Natural, Papers