501(c)3 Status Obtained

On October 13, 2015 the Internal Revenue Service wrote NC-SARA to inform us that they have determined that we are exempt from federal income tax under Internal Revenue Code (IRC) Section 501 (c) (3). Donors can deduct contributions they make to us under IRC Section 170 and we can receive tax deductible bequests, devises, transfers or gifts under Section 2055, 2106, or 2522. Organizations exempt under IRC Section 501 (c) (3) are further classified as either public charities or private foundations; the IRS has determined that NC-SARA is a public charity under Section 509 (a) (2). Going forward, we will be filing Form 990, Form 990-EZ, or Form 990-N, the e-postcard.

 

 

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