Set Incorporated

Set Incorporated is a US-based nonprofit organization, operating with the Employer Identification Number (EIN) 386104869.

Overview

Set Incorporated is structured as a nonprofit corporation, established to focus on mission-driven objectives without the aim of distributing profits to its members or directors. The organization's specific mission or activities are not detailed in publicly available information. However, as a nonprofit, it likely operates in areas that benefit the public, such as education, health, community development, or other socially beneficial sectors.

Structure and Operations

Nonprofit corporations like Set Incorporated are typically governed by a board of directors responsible for steering the organization's strategy and operations. The board ensures that the organization complies with state and federal regulations and maintains good standing in its operational community.

Tax Status

Set Incorporated likely operates under a tax-exempt status, which is common for nonprofits that apply for and receive 501(c)(3) designation from the Internal Revenue Service (IRS). This status allows donors to claim deductions on their contributions and exempts the organization from federal corporate income tax.

Purpose and Activities

While specific details about Set Incorporated's activities or mission are not available, nonprofits generally work towards benefiting society through various programs and services. These may include providing education, supporting community projects, or advocating for social causes.

Governance and Accountability

Like other nonprofit corporations, Set Incorporated is required to maintain comprehensive records of its financial activities and governance decisions. The organization must file annual reports (Form 990) with the IRS and may be subject to periodic audits to ensure compliance with tax-exempt requirements.

Community Impact

Nonprofit organizations play a crucial role in addressing societal needs, and Set Incorporated is likely involved in similar efforts. However, due to the lack of specific information, the scope and extent of its impact cannot be detailed. Nonprofits often collaborate with local communities, government entities, and other organizations to achieve their goals.

Compliance and Reporting

Set Incorporated must adhere to state and federal laws governing nonprofits. This includes maintaining ongoing compliance with incorporation requirements and tax reporting obligations.

Conclusion

Set Incorporated operates as a nonprofit corporation within the U.S., aligning with the broader nonprofit community's mission to provide public benefits without distributing profits. While specific activities are not detailed, the organization is part of the larger nonprofit sector contributing to societal welfare.

[1] https://kynonprofits.org/learn/starting-a-nonprofit/ [2] https://www.councilofnonprofits.org/running-nonprofit/how-start-nonprofit/how-start-nonprofit-step-3-incorporation-and-state-forms [3] https://www.zenbusiness.com/nonprofit-corp/ [4] https://www.findlaw.com/smallbusiness/incorporation-and-legal-structures/top-five-reasons-to-incorporate-a-non-profit-organization.html [5] https://www.wolterskluwer.com/en/expert-insights/understanding-how-to-form-and-create-a-nonprofit-corporation