Unless the "Widely Available" Provision Is Satisfied, a § 501(c)(3)

question 59

True/False

Unless the "widely available" provision is satisfied, a § 501(c)(3) exempt organization (excluding churches and private foundations) must make copies of the following available to the general public: Form 990 (Return of Organization Exempt from Income Tax) and Form 1023 [Application for Recognition of Exemption under § 501(c)(3)] or Form 1024 [Application for Recognition of Exemption under § 501(a)].

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Definitions:

Forceps

A handheld, hinged instrument used in surgical procedures for grasping, holding firmly, or extracting something within the body.

Clamping

The process of holding or securing objects tightly together using a device to prevent movement or separation.

Grasping

The action of seizing or holding firmly, often used to describe the development of motor skills in infants or for understanding concepts.

Scissors

Tools consisting of two blades joined together, used for cutting paper, cloth, or other materials.