Tom Donnelly, a partner of Antheil Maslow & MacMinn, LLP, represented Prospere, Inc. in applying for tax exempt status under Section 501(c)(3) of the Internal Revenue Code. Recognition of exemption status was granted on October 18, 2012.
Tom is proud to support the efforts of Prospere, Inc., a not-for-profit corporation dedicated to the creation, administration and funding of a young adult outward bound program of treatment and rehabilitation. Operating in conjunction with the Bucks County Court of Common Pleas, graduates of the outward bound program may have criminal sentences reduced so as to facilitate reentry into society. The program is based upon personal experiences faced by young adults involved in the criminal justice system, with the hope that with the right treatment and rehabilitation, these young adults can reach a level of success which the traditional criminal justice system may have prevented.
Prospere, Inc. provides funding for participants to the program; however, its resources are limited. By obtaining tax exempt status under Section 501(c)(3) of the Internal Revenue Code, Prospere, Inc. can accept donations from the general public, including individuals with ties to the criminal justice system, and such donations may be deducted on the donor’s individual income tax returns.
Should you have questions concerning the creation of a non-profit entity or the acquisition of recognition of exemption under Section 501(c)(3) of the Internal Revenue Code, do not hesitate to contact Tom.