Cemeteries & Credit unions

501(c)(13): Cemeteries
Section 501(c)(13) will allow a tax exemption for cemetery providers. These providers has to be owned and operated exclusively for the benefit of their members on a not-for-profit basis. The members on the cemetery providers are people that personal the lots and hold them for burial purposes, not for resale.
 

A tax exemption beneath this section also applies to corporations that happen to be organized solely for the goal on the disposal of bodies by burial or cremation (provided that the organizations do not engage in business enterprise that is not necessarily incident to that goal). Earnings of those organizations may perhaps only be made use of to spend expenditures of operating, preserving, and enhancing the cemetery or crematorium, to buy cemetery property, or to make a fund to supply revenue for the care of a cemetery.
 

501(c)(14): Credit unions
Section 501(c)(14) will allow an exemption for state-chartered credit unions and mutual reserve funds. This exemption applies to credit unions devoid of capital stock that happen to be organized and operated to get a mutual goal on a nonprofit basis. Mutual organizations formed ahead of September 1, 1957, that deliver insurance coverage for shares or deposits are also exempt beneath this section. Your neighborhood credit union is probably a 501(c)(14) organization.