We are a 501(c)(3) Non-Profit Organization
The Heritage Hills Quarterback Club is recognized by the IRS as a 501(c)(3) not-for-profit organization which offers the club a number of benefits.
501(c)(3) Organizations:
- Do not pay federal corporate income tax except on income derived from unrelated business income. With this exemption, an organization can save 15% – 35% of its taxable income.
- In most instances, do not pay state corporate income, franchise, excise, use, or sales tax.
- Can offer individual donors and corporate donors a tax deduction for their charitable donations. The possibility of a tax deduction is often an incentive for taxpayers who itemize their income tax deductions.
- Are eligible to receive private foundation grants. Private foundations are required by law to distribute a minimum amount of money for charitable purposes. One way they fulfill this obligation is by making grants to 501(c)(3) public charities.
- Are eligible for lower postal rates on third-class bulk mailings through the US Postal Service.
Learn more about 501(c)(3) Organizations >