State and local MTNA affiliates may apply for 501(c)(3) status through MTNA’s group exemption process. Among the advantages of 501(c)(3) status, affiliates can accept charitable contributions that will be tax deductible to the contributor and claim exemption from state sales tax.
If your Local Chapter would like to apply for 501(c)(3) status click on the following MTNA link:
MTNA Member Resources/Affiliate Services or contact WSMTA Administrative Coordinator, Kirsten Carlson.
A nonprofit organization is one that is created for a specific charitable purpose and governed by a group of individuals who do not benefit financially from association with the organization. These individuals make up an independent board of directors for the organization and become financially and managerially responsible for running the association. Nonprofit designation does not forbid the organization from making a profit, however, any profit earned must be invested back into the operation of the organization and cannot incur to any organization or board member.
The advantages of nonprofit tax-exempt status are:
* No federal income tax on related business income.
* Contributions to the association are tax deductible for the donor. (MEMBERSHIP DUES are NOT tax deductible)
* Non-reimbursed expenses incurred by your board of trustees are deductible on their personal income tax returns.
* Postage rates may be lower.
* Enhances ability to apply for government and private grants.
* Greater commitments from sponsors and other civic and public groups.