Home » Nonprofit Articles » Operation: Coming Home Attains 501(c)3 Status
Operation: Coming Home Attains 501(c)3 Status
Nonprofit Project Receives Official Recognition From The Internal Revenue Service
As A Charitable Organization Whose Contributions Are Tax-Deductible
RALEIGH, NC, October 05, 2011 /Nonprofit PR News/ -- Operation: Coming Home (http://operationcominghome.com), a joint volunteer project led by the Home Builders Association of Raleigh-Wake County (HBA), the Triangle Real Estate and Construction Veterans (TREAC-V), and supported by Royal Oaks Building Group and Gaines & Company, among others, has announced that the effort has attained official 501(c)3 status from the Internal Revenue Service, thus allowing all contributions to the charitable organization to be tax-deductible. This will benefit Operation: Coming Home in its efforts to direct more money to pay for homes constructed in the Triangle for disabled veterans of the Middle East conflicts. With this new status, Operation: Coming Home can apply to the N.C. Department of Revenue for exemption from state sales tax, corporate income tax and franchise tax as well.
QUOTES:
"We are excited and grateful about receiving official 501(c)3 status for Operation: Coming Home from the IRS," said Rich Van Tassel, member of Operation: Coming Home's board of directors and president of Royal Oaks Building Group. "This will be a tremendous help to us as we raise funds in advance of our donation of a third home to a disabled veteran later this year. Now, donors will know their gifts will produce the maximum results for their dollars on this project, as well as not penalize them when tax filing arrives in 2012."
NEW MEDIA CONTENT:
Operation: Coming Home on Facebook
http://on.fb.me/p36FMG
Operation: Coming Home Videos
http://bit.ly/o9qbMu
http://bit.ly/8oYwDJ
DETAILS:
- For a full list of what activities the IRS allows for 501(c)3 organizations, visit http://www.irs.gov/charities/charitable/article/0,,id=96099,00.html.
ABOUT OPERATION: COMING HOME:
Operation: Coming Home is a joint volunteer project led by the Home Builders Association of Raleigh-Wake County (HBA), the Triangle Real Estate and Construction Veterans (TREAC-V), and supported by Royal Oaks Building Group and Gaines & Company among others. The project builds and donates homes for disabled combat veterans who have served in the Middle East, after a selection committee interviews candidates to determine the best fit. For more information, visit http://operationcominghome.com.
Jill Mastrangelo
MMI Public Relations
(919) 233-6600
jill@mmipublicrelations.com
http://www.twitter.com/MMIPR
http://www.mmipublicrelations.com
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