About
The Rail Yard Society is 501(c)(3) nonprofit organization dedicated to restoring and maintaining historical infrastructure in and around Quakertown, PA. The organization focuses on various properties, which include The Trolley Barn Public Market, Quakertown Freight Building, and Eagle Hotel. The mission of the group is to provide funding to projects that may otherwise not meet developer investment criteria, thus making them undesirable for redevelopment. .
A 503(c) organization refers to a 501(c)(3) organization, a specific type of nonprofit organization in the United States that is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. These organizations operate for purposes that are religious, charitable, scientific, literary, or educational, among others, and are eligible to receive tax-deductible contributions from donors. The key characteristics of a 501(c)(3) organization include: