Types Of Tax Exempt Organizations

In order to be a volunteer, one must first realize that volunteering is a serious matter. The

Since my arrival in the United States I have never been to volunteer organization before, but all it changes when I come to the Tri City Volunteers. Tri-City Volunteer “is a non-profit organization that provides food assistance and low-cost clothing and household items to the residents of Alameda County.” Our group, The Ace, choose Tri-City Volunteer based on the recommendation of my team member. It is located on Fremont, 18.3 mile away from my home. I had to took an Uber there because I do not have a car. I arrived early in the morning to pack all the ingredients that were given by the donors. Volunteers are people who came there regularly. Most the people there had 1.000 hours of volunteers. Moreover, there two special groups which always there to help volunteer which are the autism group and the deaf group. Even Though, they were not paid, but they still love to help other people. This is the sensation that people who volunteer looking

However, non-profits must follow additional steps to apply for tax-exempt status with the IRS and their state’s tax department. First, they must choose an available and appropriate business name that meets their state’s legal requirements. Next, they must file the articles of incorporation, pay a filing fee and apply for federal and state tax exemptions. Then, they will establish their corporate bylaws, which will spell out the operating rules, and appoint the organization’s directors. Certain states require non-profits to choose the directors before filing the articles of

As part of ethical in organization, Board of Directors has a responsibility and opportunity to ensure the entire organization is attuned to high ethical standards and also aligned with values, goals and objectives of the organization. Foremost, in a profit organization, the board’s primary objective is to oversee the organization’s business activities and management for the benefit of all stakeholders, including shareholders, employees, customers, suppliers, and the community. In a non-profit organization, the board reports to a different set of stakeholders in particular, the local community that the non-profit

There are pros and cons to being considered a nonprofit versus a for-profit business. Unlike nonprofits, for-profit businesses do not have to worry about restricted assets or the prohibition on issuing stock or imposed taxes. On the other-hand, nonprofits do not have the pressure of turning a profit, or having major revenue surplus, to be considered financially healthy. In fact, surplus in revenue could mean there is an issue with the organization ineffectively serving their demographic. The government judges the financial performance of organizations by whether the organization was able to balance their budgets while attending to the needs of their participants (Young, 2007).

Honesty – There must be an honest relationship between all parties involved, and for the volunteer to act with integrity.

Some people may not like what they have to volunteer for. If they are required to volunteer for a certain

Volunteerism plays a critical role in addressing community, national, and global issues. Volunteerism not only enables the smooth functioning of many organizations, it also contributes to the maintenance of social cohesion. Individuals give their time and services willingly without expecting any compensation or benefits. Over the past few years, volunteerism in the U.S. has declined from an estimated 50% of U.S. adults collectively logging volunteer hours equivalent to five million fulltime jobs to a recent low of only 25% of Americans engaged in volunteer work according to the Bureau of Labor Statistics, 2014. The workforce behind many nonprofit organizations is the blood, sweat, and tears of a sizeable volunteer base. For example, the

On the other hand non- profit organizations such as Greenpeace focuses on donations and grants from individuals entities or organizations .

Volunteers who contribute their time and resources are characteristically at the center of such programs

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 forth by the IRS and the U.S. Government regarding tax compliance. If these rules are not followed, a nonprofit organization could lose their tax exempt status.

Socialisation theories usually focus on paid workers and their experiences within an organisation (Miller 2012). What they fail to consider is that volunteers within an organisation are also equally important and in need of the same guidance and knowledge that paid workers are provided with. Kramer (2010) brings volunteers to the forefront stating that volunteers are an equal asset to an organisation, especially in the Non-profit sector.

Officers, Directors and Members of the Board of Directors are responsible for upholding a public trust. We are called to a higher standard of stewardship in order to meet the special privileges that our tax-exempt status allows. Actions of Board Members, Officers and Directors should meet or exceed these higher standards rather than only minimally satisfy the requirements of tax-exempt status. Areas of behavior to be avoided include personal conflicts of interest by Board Members, Officers, and Directors, questionable investments, improper use of funds raised (especially for personal inurement), expensive and inefficient fundraising practices, failure to meet legal requirements and similar offenses.

Volunteering brings together a diverse range of people from all backgrounds and walks of life. Both the recipients of your volunteer efforts and your co-workers can be a rich source of inspiration and an excellent way to develop your interpersonal skills.  Volunteering also offers an incredible networking opportunity. Not only will you develop lasting personal and professional relationships but it is also a great way to learn about people from all walks of life,

2) Voluntary - this means that the organisation must have a degree of voluntary participation. This can be in either operation or management.