Re: SFARC By-Laws Revision for Review 2020
Brian,toggle quoted messageShow quoted text
What type of not for profit is SFARC? Does the club have a copy of SFARC’s tax exempt status designating it as 501c3 or 501c7? I would like to see a copy. A review of the By-Laws states SFARC is organized for the benefit of its members, thereby suggesting it is tax exempt under 501(c)7 not 501(c)3. Even though both of these types of not for profit organizations are exempt from paying income tax, the difference is important as one is a “charitable organization“ where donations to it are tax-deductible and the other is not. A 501c7 exists for the benefit of its members, whereas a 501c3 exists for the benefit of the public.
On Sep 14, 2020, at 12:14 PM, Brian Gohl - AI6US <ai6us@...> wrote: