Controlling organization definition

Controlling organization means the agency that assumes the responsibility for overall administration of the program.
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Controlling organization means the same as that term is defined in I.R.C.
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Controlling organization means the same as that term is defined in the Internal Revenue Code section 512(b)(13) and the instructions to IRS Form 990, Glossary, as they may be amended or superseded from time to time. Consistent with Internal Revenue Code section 512(b)(13) and the instructions to IRS Form 990, the term means an exempt organization that controls a controlled entity. The Internal Revenue Code Section 512(b)(13) treats payments of interest, annuity, royalties, and rent from a controlled entity to a controlling organization as unrelated business taxable income under certain circumstances. Control in this context means (i) in the case of a corporation, ownership (by vote or value) of more than 50% of the stock in such corporation, (ii) in the case of a partnership, ownership of more than 50% of the profits interests or capital interests in such partnership, or (iii) in any other case, ownership of more than 50% of the beneficial interests in the entity. Section 318 (relating to constructive ownership
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Examples of Controlling organization in a sentence

  • CLIENT will coordinate with other departments as appropriate for meeting attendance.

  • Controlling organization needs to have an integrated view of this workflow.

Related to Controlling organization

  • Educational organization means a nonprofit public or private elementary or secondary school, two-year or four-year college, or university.

  • Fraternal organization means an organization, except a school fraternity, which is a

  • Motorcycling Organisation means and includes MA, and the MA members (including the SCBs and affiliated clubs) and where the context so permits, their respective directors, officers, members, servants or agents.

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Lead organization means a trade organization, labor organization or other incorporated entity representing a group of businesses that is the applicant for a business network project.