Mutual insurance companies

Section 501(c)(15) delivers the exemption for mutual insurance coverage providers that deliver insurance coverage to members substantially at expense. In an effort to be a mutual organization, the insurance coverage company’s policyholders will need to be members possessing a popular equitable interest inside the organization and they've to manage the provider. Lots of smaller sized insurance coverage providers are organized as 501(c)(15) nonprofits.

501(c)(16): Crop cooperatives
Section 501(c)(16) delivers the exemption for cooperative organizations that finance crop operations. These corporations are organized by an exempt farmers’ cooperative or its members to finance their ordinary crop operations. These organizations may perhaps situation capital stock (stock that evidences ownership) beneath specific situations, and may perhaps also accumulate a affordable reserve for future operations. It may perhaps also personal all of the stock of a further business enterprise corporation.