508 – Non-Profit Assets / Properties

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Unique Benefits of 508

by Dare Sumner in 508c1A Unique Benefits 
Posted on 04/07/2024 10:00 AM PST

Introduction: In non-profit organizations, a lesser-known status exists that provides unique advantages to faith-based organizations. This status, known as 508(c)(1)(a), offers a range of benefits that set these organizations apart from traditional 501(c)(3) entities. In this blog, we will delve into the various advantages of being a 508(c)(1)(a) non-profit organization and explore why it is a compelling option for faith-based groups seeking to make a meaningful impact.

Tax Exemption without Application: One of the most significant benefits of 508(c)(1)(a) status is that it allows faith-based organizations to operate as tax-exempt entities without the need for a formal application to the IRS. Unlike 501(c)(3) organizations, which must undergo a thorough application process, 508(c)(1)(a) organizations are automatically recognized as tax-exempt from the moment of their establishment.

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508 Non-Profit – Part 2

WHAT ARE SOME OF THE PURPOSES OF AN RNPC?

A RNPC is typically organized for religious and humanitarian purposes.  What a RNPC does is determined by the Board Members.

DO I NEED BYLAWS FOR THE CORPORATION?

It is not necessary to have bylaws that govern the operation of the corporation.  It is important to develop a Mission Statement as the guiding instrument for the corporation.  Bylaws might be useful but are not required.  Ask about Board of Directors.

IS THE CORPORATION REQUIRED TO HAVE AN ANNUAL BOARD MEETING?

No, however it is important to keep written records of important decisions, filed in the corporate minute book (ask about preferences).

HOW ABOUT RECORD KEEPING?

No records are required for the State or Federal Government, or the IRS. The only records kept are for the private use of the corporation.  Because the corporation does not have employees, can offer donation slips, and does not have a 501(c)3 designation, it is exempt from record keeping requirements. Ask more in Session with Darren.

CAN A PROJECT BE MANAGED BY A CORPORATION?

Most definitely.  In fact, we encourage you to set up your own RNPC and have the project proposal incorporated within the framework of the RNPC. Ask about projects in Session.

Ask us how to set one up for you in April 2024. Payment plans available.
Ask about an initial session of $75 per session to start the Detailed startup process and how to be successful at this operationally and financially.

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SOVEREIGN KINGDOM OF MANNA

2024


03.29.2024: MONEY MOVES FIRST, THEN GOVERNMENT FLAGS CHANGE.
Did you receive the Instructional Notice to All Governments?

Background and Modern Times::
The Sovereign Kingdom of Manna, an Absolute Monarchy covering 510,100,000 square Kilometres
( or 196,950,711 Sq. Miles ) of sovereign territory (land and water surface area), and with her sovereign territory extending from the core of the earth to the outer Hill Sphere, is ruled by her Royal Monarch, His Majesty Michael-Uriel I. The Sovereign Kingdom of Manna is a peaceful, non- aggressive sovereign nation with a mandate to adhere to and uphold the Declaration of Peace.

The Sovereign Kingdom of Manna holds sovereign status with several sovereign territories worldwide. Officially The Sovereign Kingdom of Manna is a small sovereign nation with an area of approximately 5,416 square kilometres (or 2091 square miles). The official language of The Sovereign Kingdom of Manna is English. The capital is named Mannaron. The Sovereign Kingdom of Manna has no geopolitical agenda nor officiates any trade agreements except with Manna World Holding Trust.

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REDARE: Etymology: reda (“heiress; heir”) +‎ -are

From the wealthy to the poorest, we expose the divide and inequality, with global awareness formed from the diplomatic work of our associates and contributing writers.

Learn so much here and from network of global sovereign perspectives that help one another.

Presented by Redare Journals in May 2022, is this exploration of the need for FINANCIAL LITERACY; from the teens to aging adults, we need to educate on how money works. The outspoken viewpoints are to determine solutions. Send us comments on how you wish to get involved!