One of these classifications is of interest to us: Section 501 (c) (3), which refers to organizations formed exclusively to accomplish “religious, charitable, scientific, literary or educational” purposes. Community theaters fall into this classification.
Who is the owner of a 501 ( c ) 3 organization?
When you start a 501(c)(3) organization you as the owner will dictate which right you’ll have. You can decide who can do what in your organization and you can also choose to have a permanent status which nobody can take away from you. It’s better to have a lawyer do it for you as the law can be very tricky to do it on your own.
Do you get tax deduction for community theater?
A person making a donation may receive a deduction on their income tax PROVIDED they did not receive any benefit from the donation. Someone who makes a $20 donation to their favorite community theater and receives two $10 tickets to a performance in return is not allowed to deduct the $20 donation.
Can a church be a 501c3 tax exempt organization?
I can’t imagine a scenario where you would do that. If a new pastor is coming into an existing church, that’s an employment issue, not a 501c3 issue. The church’s 501c3 status shouldn’t have any bearing on who’s employed by the organization. One should not affect the other.
What do you need for a non-profit theater company?
The Articles typically include the name and address of the corporation, the general purpose of the organization and the name of the individual to represent the corporation (the “Registered Agent”), and the procedure to modify or change the Articles. The second document you need to prepare is the By-laws of your corporation.
What are the costs of starting a community center?
This includes start-up costs, building costs, the cost of services (such as classes), and running costs. To form your budget, contact other non-profits in your area to ask about how much their services cost per month. Compare that with what you want to offer to the community.
