The by-laws provide that the ACBL is a 5010(c)(4) non-profit corporation which means:

IRC Section 501©(4) of the Internal Revenue Code provides for the exemption of two distinct types of organizations, each with its own qualification requirements:

Social Welfare Organizations: These are civic leagues or organizations that are not organized for profit but operate exclusively for the promotion of social welfare. Additionally, local associations of employees, whose membership is limited to the employees of a designated person or persons in a particular municipality, can also qualify under this category. The net earnings of these organizations must be devoted exclusively to charitable, educational, or recreational purposes¹ ².

To be tax-exempt as a social welfare organization under IRC Section 501©(4), an organization must meet the following criteria:

It must not be organized for profit.
Its primary purpose must be to promote social welfare.
The earnings of the organization may not benefit any private shareholder or individual ³.

In summary, IRC Section 501©(4) provides tax-exempt status to social welfare organizations that operate for the betterment of society without pursuing profits for private individuals or shareholders.

Don

Donald K. Garner

1015 Highland Street

South Pasadena, CA 91030-1733

Ph: (626) 799-8641

Fax: (626) 799-9566

Cell: (310) 367-3092

Email:dgarnersemail@gmail.com

From: Lisa Walker <lisawalkerlac@gmail.com>
Sent: Tuesday, May 14, 2024 10:05 AM
To: Unit559board@bridgemojo.com
Subject: [Unit559board] Tax Status

The treasurer never got back trouble me so I just looked up the ByLaws. Here is a copy. We are definitely Non Profit.

http://web2.acbl.org/documentLibrary/about/Bylaws.pdf