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types of 501(c) designations: 501(c)(3) - Charitable Organizations: This category includes organizations established for religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and the prevention of cruelty to children or animals. Donors to these organizations can typically deduct their contributions on their taxes. 501(c)(4) - Social Welfare Organizations: These are civic leagues and other organizations operated exclusively for the promotion of social welfare. They can engage in lobbying and some political activities, provided that's not their primary activity. 501(c)(5) - Labor, Agricultural, and Horticultural Organizations: Organizations in this category include labor unions, agricultural, and horticultural organizations. 501(c)(6) - Business Leagues: This encompasses chambers of commerce, real estate boards, and boards of trade. 501(c)(7) - Social and Recreational Clubs: These are membership clubs organized for pleasure, recreation, and other nonprofit purposes. 501(c)(8) - Fraternal Beneficiary Societies: These are organizations and associations that operate under the lodge system and provide for the payment of life, sickness, accident, or other benefits to their members. 501(c)(9) - Voluntary Employee Beneficiary Associations (VEBA): These organizations provide for the payment of life, sickness, accident, or other benefits to members. 501(c)(10) - Domestic Fraternal Societies: Like 501(c)(8), but they use their net earnings exclusively for charitable purposes. 501(c)(13) - Cemetery Companies: These are organizations established for the exclusive purpose of the burial or cremation of deceased humans. 501(c)(19) - Post or Organization of Past or Present Members of the Armed Forces.

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* Crowded Technologies Inc is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A. and TransPecos Banks, SSB; Members FDIC. The Crowded Technologies Inc. Visa® Debit Card is issued by Blue Ridge Bank, N.A. and TransPecos Banks, SSB pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

There are no fees associated with account opening, but transaction fees may apply; please refer to the Crowded Business Deposit Account Agreement for more details on account transaction fees.

** Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. There may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.

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* Crowded Technologies Inc is a financial technology company and is not a bank. Banking services provided by TransPecos Banks, SSB; Member FDIC. The Crowded Technologies Inc. Visa® Debit Card is issued by TransPecos Banks, SSB pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

There are no fees associated with account opening, but transaction fees may apply; please refer to the Crowded Business Deposit Account Agreement for more details on account transaction fees.

** Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. There may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.

© Crowded Technologies, Inc. 2024. All rights reserved.

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