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Local Program 501c3 Details

501c3 Subordination

IMBA Local organizations participating at the Chapter level will be able to utilize IMBA’s group 501(c)(3) tax filing exemption. This filing allows for Chapters to apply for public/private grant funding, allows Chapters to solicit charitable donations from the public and usually exempts the Chapter from similar state and local taxes.

In order to remain 501(c)(3) compliant, the Chapter should file a 990 with the IRS each year.

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