As a 10X Hub entrepreneur, Pozisa Mkapuza doesn’t consider slowing down or giving up an option. Even the name of her company reflects her mindset: Vuk’uzenzele — which means “get up and do something about life.” With this positive attitude and a few tools, Pozisa’s perfume business is coming up roses…
“Dear Applicant:
We’re pleased to tell you we determined you’re exempt from federal income tax under Internal Revenue Code (IRC) Section 501 (c) (3). Donors can deduct contributions they make to you under IRC Section 170. You’re also qualified to receive tax deductible bequests, devises, transfers or gifts under Section 2055, 2106, or 2522. This letter could help resolve questions on your exempt status. Please keep it for your records.
Organizations exempt under IRC Section 501(c) (3) are further classified as either public charities or private foundations. We determined you’re a public charity under the IRC Section listed at the top of this letter.
If we indicated at the top of this letter that you’re required to file Form 990/990-EZ/900-N, our records show you’re required to file an annual information return
…
For important information about your responsibilities as a tax-exempt organization, go to www.irs.gov/charities. Enter “4221-PC” in the search bar to view Publication 4221-PC, Compliance Guide for 501(c) (3) Public Charities, which describes your recordkeeping, reporting, and disclosure requirements.”
Sincerely,
Director, Exempt Organizations Rulings and Agreements