I have a new client who runs a travel baseball league. This league has been in existence for years. It was originally a 501(c)(3), changed to just a nonprofit when the organization got smaller (less kids) and is now set to grow quickly next year. My questions are:
- What does he need to do to get 501(c)(3) status again?
- Are there any stimulus relief benefits a nonprofits such as is?
- What kind of loans are now being offered to nonprofits? What kind of terms should he expect?