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Beneficial Ownership Information
Beneficial Ownership Information

What do BOI regulations mean for nonprofits? πŸ“

Liz Myers avatar
Written by Liz Myers
Updated over 2 months ago

There is a lot of about Beneficial Ownership Information floating around the internet - and it is all very confusing. In true Instant Nonprofit fashion, we want to take the bureaucracy and paperwork out of the equation for you - so let's break down BOI reporting requirements.
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According to the CTA, nonprofits defined by section 501(c) of the federal tax code and exempt from federal income tax under Code section 501(a) (virtually every 501(c)(3), (4), or (5) organization!) are exempt from BOI reporting.

Nonprofit Organizations are "non stock" corporations - there is no ownership. Thus, we do not have any BOI information to submit. More information can be found here.

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