501C's co-ops & misc groups

To me a 501c organization is a big deal. A lot of really good group are setup with this setup. 501c3 is the one a lot of groups would like to be.

This page ties into http://www.cjflynn.com/non-commercial-values

501(c)(1)

Federal Credit Union

Organized Under Act of Congress.

based on The Necessary and Proper Clause, also known as Article I, Section 8 of the United States Constitution that is as follows:

The Congress shall have Power ... To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government

Alexander Hamilton wanted to setup a national banking system and when for Profit banks say National or Federal in their name then it would tie into the above.

of the United States, or in any Department or Officer thereof.

I am a member of First Federal Credit Union, one of only two federally chartered credit unions in the state of Iowa.

Website https://www.firstfedcu.com/ For loans saving and checking accounts along with basic credit cards this place is good. but for IRA's and other long term investments I would recommend Vanguard Group. If you are a Member of a labor union that is AFL-CIO https://www.aflcioefcu.org/become-a-member/

501(c)(3)

– When people hear the words non-profit this is what first comes to mind. when you give to these groups your money is tax deductible. As I was working on this a lot of these groups cross over some can be educational and still help animals etc.. Some groups have been granted a congressional charter from Title 36 of the United States Code. groups like the Red Cross and a lot of veteran groups fall under that banner. https://en.wikipedia.org/wiki/Title_36_of_the_United_States_Code

Religious

All churches such as the Salvation Army and the Unitarian Universalist. Bible Study groups Christian Youth groups.

Educational

All schools that are either government run with direct tax dollars such as public k-12 education. Community colleges and Public state university.

The John C. Bogle Center for Financial Literacy is an IRS-approved 501(c)(3) charitable organization. The Center was established to continue Vanguard founder John C. Bogle’s crusade to see that investors get their fair share of market returns and to raise the level of financial literacy for all investors so they can realize their goals and achieve financial independence. they also sponsor https://www.bogleheads.org/index.php

Charitable

When you give stuff to GoodWill or the Salvation Army stores.

Scientific,

OBSERVATORY AT PALISADES-DOWS PRESERVE

https://www.cedar-astronomers.org/pal-dows-observatory

Literary,

libraries and groups like the Little Free libraries

https://littlefreelibrary.org/

Testing for Public Safety

Two groups come to mind for me with this topic UL & Consumer Reports.

I grew up reading Consumer Reports magazine I have always liked that group. the staff is under a union contact by CWA the same union I am a member of.

UL is a global safety consulting and certification company headquartered in Northbrook, Illinois. It maintains offices in 46 countries. Established in 1894 as the Underwriters' Electrical Bureau (a bureau of the National Board of Fire Underwriters),[1] it was known throughout the 20th century as Underwriters Laboratories and participated in the safety analysis of many of that century's new technologies

https://en.wikipedia.org/wiki/Nationally_Recognized_Testing_Laboratory

Foster National or International Amateur Sports Competition

https://en.wikipedia.org/wiki/United_States_Olympic_Committee

Prevention of Cruelty to Children or Animals Organizations

Cedar Valley Humane Society

https://cvhumane.org/

For kids and women

http://www.waypointservices.org/

501(c)(4)

– Civic Leagues, Social Welfare Organizations, and Local Associations of Employees

I am a card carrying member of the ACLU and thus would support a group under this code.

https://www.aclupa.org/abouttheaclu/aclu-vs-aclu-foundation

501(c)(5)

– Labor, Agricultural and Horticultural Organizations

Labor

I am a member of the Communications Workers of America. The CWA represents workers in the telecommunications field and have done so since 1947. American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is the largest federation of unions in the United States. CWA is a affiliated union. At one point pravtive sector unions were a lot bigger and more powerful than they are today I think that

The NEA has a membership of just under 3 million people.[12] The NEA is incorporated as a professional association in a few states and as a labor union in most. The group holds a congressional charter under Title 36 of the United States Code. It is not a member of the AFL–CIO, but is part of Education International, the global federation of teachers' unions. They were also granted a congressional charter from Title 36 of the United States Code.

Agricultural

I am not a member of any of these but I find them interesting

The American Farm Bureau Federation The Grange, officially referred to as The National Grange of the Order of Patrons of Husbandry, is a fraternal organization in the United States that encourages families to band together to promote the economic and political well-being of the community and agriculture. The Grange, founded after the Civil War in 1867, is the oldest American agricultural advocacy group with a national scope. The Grange actively lobbied state legislatures and Congress for political goals, such as the Granger Laws to lower rates charged by railroads, and rural free mail delivery by the Post Office.

Horticultural

I am not a member of any of these but I find them interesting

Becoming a Master Gardener

https://www.extension.iastate.edu/mastergardener/

or a local garden club http://www.cedarrapidsgardenclub.com/

501(c)(6)

– Business Leagues, Chambers of Commerce, Real Estate Boards, etc.

I was in Youth Leadership for Five Seasons when I was in high school. I have gone to impact CR for a number of years. both of those events were put together by the

Chamber of Commerce.

https://www.cedarrapids.org/business-resources/programs-and-networking/leadership

https://www.iowarealtors.com/about-us/local-boards

501(c)(7)

– Social and Recreational Clubs

I am a member of the Mindbridge Foundation. They sponsor IOCN Iowa an Iowa science fiction and fantasy convention.

Mindbridge is a 501(c)7 not-for-profit organization.

https://info.legalzoom.com/benefits-501c7-taxexempt-club-21731.html

501(c)(8)

– Fraternal Beneficiary Societies and Associations

I am not a member of any group in here yet but they are interesting. Groups like Knights of Columbus,Thrivent, Western Fraternal Life etc...

https://en.wikipedia.org/wiki/American_Fraternal_Alliance

501(c)(10)

– Domestic Fraternal Societies and Associations

I am a Master Mason thus a member of the Freemason of Iowa. under the governce of the Grand Lodge of Iowa.

http://grandlodgeofiowa.org/

501(c)(12)

– Benevolent Life Insurance Associations, Mutual Ditch or Irrigation Companies, Mutual or Cooperative Telephone Companies, etc.

the two main ones that come to my mind are Power and Telecom co-ops

REC

the rural electric cooperatives were started during the Great Depression as a New Deal agency. at the time 90% of urban Americans had electricity but 90% of rural Americans did not the ACT that created this https://en.wikipedia.org/wiki/Rural_Electrification_Act

https://www.law.cornell.edu/uscode/text/7/chapter-31

Examples

Linn County REC https://www.linncountyrec.com/your-cooperative/cooperative-information/

Teleco Co-ops

the REA law was updated to extend the act to allow loans to telephone companies wishing to extend their connections to unconnected rural areas.

I work at a telephone cooperative. I have been interested in this business structure since I was in high school and I have enjoyed working for the co-op.

https://www.ntca.org/ruraliscool/who-we-e

http://reic.uwcc.wisc.edu/telephone/

243 - Statement by the President Upon Signing Bill Providing for Improved Rural Telephone Facilities.

October 28, 1949 Link http://www.presidency.ucsb.edu/ws/?pid=13342

501(c)(13)

– Cemetery Companies

No one really thinks about who owns the cemetery but having these groups setup help preserve history and loved ones.

https://medium.com/whatever-source-derived/till-death-do-us-part-family-cemeteries-and-section-501-c-13-f17898d70cd9

501(c)(14)

– State-Chartered Credit Unions, Mutual Reserve Funds

Most credit unions in the state of Iowa are setup under this Charter. For loans saving and checking accounts along with basic credit cards this place is good. but for IRA's and other long term investments I would recommend Vanguard Group

https://www.iowacreditunions.com

https://mapping.ncua.gov/

Solidarity economy

Fair trade organizations form part of the solidarity economy as their aim is to express practical solidarity with farmers in the developing world by paying them fair prices for their produce.

Self-help organizations also form part of the solidarity economy as members support each other in dealing with their problems as a practical form of solidarity.

Co-operatives and especially worker cooperatives form part of the solidarity economy if their aims include a commitment to solidarity in some form.

Trade unions are often considered a key part of the solidarity economy as they are based on the principle of solidarity between workers.

Free software movement, open source development and other forms of commons-based peer production.

Social center

Give-away shops and other forms of gift economy

Global Social Economy Forum

Local exchange trading systems (LETS) as a way of replacing money.

Solidarity lending

Ethical purchasing

Economy for the Common Good

https://en.wikipedia.org/wiki/Solidarity_economy

Additional Cooperatives of Eastern IOWA

NewPi Food Co-op

a consumer co-op stared in 1971 with locations in CR IC & Coarlvile. Im a menber onwer of this Co-op.

website

Linn County Oil Cooperative

an agriculture co-op started in 1930 a member owner nonprofit

website

https://www.moneycrashers.com/food-coop-costs-benefits-drawbacks/

http://cdi.coop/how-are-nonprofits-and-co-ops-different/