501c3 Status
Nia Imani Academy of Excellence is a teaching ministry of Nia Imani Christian Center (a Christian church). As such, Nia Imani Christian Center meets the following requirements delineated in this exerpt from Publication 1828 Tax Guides for Churches and Religious Organizations published by the Internal Revenue Service:
"Churches and religious organizations, like many other charitable organizations, qualify for exemption from federal income tax under IRC section 501(c)(3) and are generally eligible to receive tax-deductible contributions. To qualify for tax-exempt status, such an organization must meet the following requirements (covered in greater detail throughout this publication):
1)the organization must be organized and operated exclusively for religious, educational, scientific, or other charitable purposes,
2) net earnings may not inure to the benefit of any private individual or shareholder,
3) no substantial part of its activity may be attempting to influence legislation,
4) the organization may not intervene in political campaigns, and
5) the organization's purposes and activities may not be illegal or violate fundamental public policy."
Further, this publication states:
"Automatic Exemption for Churches
Churches that meet the requirements of IRC section 501(c)(3) are automatically considered tax exempt and are not required to apply for and obtain recognition of tax-exempt status from the IRS. Although there is no requirement to do so, many churches seek recognition of tax-exempt status from the
IRS because such recognition assures church leaders, members, and contributors that the church is recognized as exempt and qualifies for related tax benefits."
Accordingly, although we are not required to obtain a 501(c)(3) designation, we have already started the process to do so.
For more information, use the link below to obtain a copy of Publication 1828.
http://www.irs.gov/pub/irs-pdf/p1828.pdf
