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SG, Inc., a 501(c)(3) organization, receives the following sources of support during the tax year. General public for services rendered $22,000 City of National for
SG, Inc., a 501(c)(3) organization, receives the following sources of support during the tax year.
General public for services rendered | $22,000 |
City of National for services rendered | 30,000 |
City of Star for services rendered | 3,000 |
City of Central for services rendered | 8,000 |
Gross investment income | 19,000 |
Contributions from individual substantial contributors (disqualified persons) | 18,000 |
Is SG, Inc. classified as a private foundation? Explain you answer. |
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