â Organizational tax; taxes on changes of capital. An Employer Identification Number (EIN), also known as a federal tax identification number, identifies a business entity. Generally, all businesses need an EIN. An EIN is a nine-digit number that the Internal Revenue Service assigns to a business. The IRS uses the number to identify taxpayers that are required to file various business tax returns.
***** ** There are independent ** private colleges that are ** not for profit corporations or NGOs ***** These are usually treated like State Institutions but will have to pay taxes on investment property and no mission enterprises. Source(s): packinrat Â· 8 years ago.
Private universities, even those with exceptional endowments, exist to large extent on the publicâs account. Their endowments succeed by virtue of public tax exemptions. The gifts that build the endowment enjoy a public tax exemption. The property and campuses of these private universities enjoy a public tax exemption.