Which of the following is notrequired to qualify as tax exempt? A) A mission that covers a broad scope. B) Not have the authority to engage in activities other than exempt purposes. C) Not be engaged in political activities. D) No part of the net earnings inures to the benefit of any individual or shareholder.

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During the initial organization of a not-for-profit, care must be taken to define and limit its purpose to tax-exempt activities to preserve its tax-exempt status and minimize UBI. Tax exempt organizations agree to not engage in activities other than exempt purposes, not be engaged in political and net earnings cannot inure to the benefit of any individual or shareholder

Which of the Following Is Notrequired to Qualify as Tax