Sick Biz Inc

Sick Biz Inc is a former non-profit organization based in Minnesota. The organization had an Employer Identification Number (EIN) of 82-5040451.

Overview

Sick Biz Inc was classified under the exemption type for religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or prevention of cruelty to children or animals organizations. However, its exemption was revoked on May 15, 2022[1].

Nonprofit Structure

Nonprofit organizations like Sick Biz Inc are not owned by individuals or leadership but are established to serve a public benefit. They operate under a trust and are accountable to the public and government, which grants them tax-exempt status[2]. Nonprofits must comply with various regulations, including those related to unrelated business income, to maintain their exempt status[3].

Revocation and Current Status

The revocation of Sick Biz Inc's exemption suggests that it no longer meets the requirements to operate as a tax-exempt nonprofit. The organization's activities and mission are no longer recognized under its original purpose due to this revocation[1].