Frequently Asked Questions
ACCP’s Conversion to a 501(c)(3)
What does this change mean in terms of ACCP’s activities and member benefits?
This change will not impact the types of programs we offer or the services provided to members. It will, however, open up opportunities to raise additional funds from foundations that can only support 501(c)(3) organizations for new programs that support our mission and strategic pillars.
As a 501(c)(3), what are our options on how to pay for membership?
Once the IRS approves our application to convert to a 501(c)(3), members will have the option to pay for membership from their corporate budgets, foundation budgets, a grant, or a contribution from a donor advised fund.
What is the timeline for this change?
After the membership votes on this change, ACCP will submit the required application to the IRS. The IRS approval process could take up to one year to be approved.
What does this mean for ACCP’s future?
ACCP will continue to advance our four strategic pillars of advancing knowledge and practice, building community, advancing equity, and advocating for our profession. Over the long term, we believe this change will enhance our ability to recruit and retain members and secure resources to fuel the organization’s growth and carry out our mission.
What is the difference between a 501(c)(3) and a 501(c)(6)?
A 501(c)(3) corporation is organized exclusively for charitable, religious, educational, or scientific purposes. ACCP’s mission is to increase the effectiveness of corporate social impact professionals by sharing knowledge, cultivation solutions, and fostering inclusive peer communities. ACCP’s mission is consistent with the educational charter of a 501(c)(3) organization.
A 501(c)(6) corporation is reserved for not-for-profit business leagues, chambers of commerce, real estate boards, boards of trade and professional football leagues. 501(c)(6) organizations are permitted to undertake lobbying activities that pertain to their industry including influencing the outcomes of specific elections and legislation. ACCP does not and does not plan to lobby for specific legislation or for political candidates.
As a 501(c)(3), ACCP will continue to be an advocate for the corporate social impact profession and will be able to educate Congress and/or regulatory agencies about issues relevant to the corporate social impact profession.
Is it unusual for a membership organization to be a 501(c)(3)?
No, many associations are 501(c)(3) organizations. In fact, many of our peer organizations are 501(c)(3) organizations.