Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Nachum

501(c)3

The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization’s net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.

http://tinyurl.com/4cplxwu


69 posted on 03/27/2011 2:35:16 PM PDT by kcvl
[ Post Reply | Private Reply | To 1 | View Replies ]


To: kcvl

I get the 501(c)3 limitations. We can be sure they would be tested.


70 posted on 03/27/2011 2:37:38 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
[ Post Reply | Private Reply | To 69 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson