Controlling organization definition
Controlling organization means the agency that assumes the responsibility for overall administration of the program.
Controlling organization means the same as that term is defined in I.R.C.
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the Internal Revenue Code section 512(b)(13) and the instructions to IRS Form 990, Glossary, as they may be amended or superseded from time to time.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