Nonprofit NIL Collective Denied Tax-Exempt Status

Nonprofit NIL Collective Denied Tax-Exempt Status

Internal Revenue Service

The IRS denied tax-exempt status to a nonprofit organization formed to market the name, image, and likeness of student athletes because it does not operate exclusively for exempt purposes as required by section 501(c)(3).

The IRS denied tax-exempt status to a nonprofit organization formed to market the name, image, and likeness of student athletes because it does not operate exclusively for exempt purposes as required by section 501(c)(3).

The IRS denied tax-exempt status to a nonprofit organization formed to market the name, image, and likeness of student athletes because it does not operate exclusively for exempt purposes as required by <a href="/research/federal/usc26/501#cqfp-0000011" resolve="/lr/resolve//cqfp#cqfp-0000011">section 501(c)(3)</a>.