We are continuing our multi-article series on the other nonprofits…and by other, we mean those that are not charitable in nature. So far, we’ve explored social welfare nonprofits and business leagues. Today’s video examines the third most common type of non-charitable nonprofit, the 501(c)(7) social or recreation organization.
📚 ADDITIONAL RESOURCES:
•ARTICLE: “What Is A 501(c)(7)?” [ Ссылка ]
🏆 YOUR NEXT STEP:
•Fill out this form for a FREE consultation on how to start a nonprofit: [ Ссылка ]
•Register for Fundraising TV: [ Ссылка ]
•Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” [ Ссылка ]
0:00 Introduction
0:38 501(c)(7) Definition
1:20 501(c)(7) IRS Definition
2:04 Example #1: Social Clubs
2:50 Example #2 Hobby Clubs
3:20 Example #3 Recreational Clubs
4:08 501(c)(7) Restrictions: Membership Required
4:40 501(c)(7) Restrictions: Members Only
5:06 501(c)(7) Restrictions: Member Income Only
5:43 What NOT To Do
7:42 How to Start a 501(c)(7)
8:23 Conclusion
