The by-laws provide that the ACBL is a 5010(c)(4) non-profit corporation
which means:
IRC Section 501C(4) of the Internal Revenue Code provides for the exemption
of two distinct types of organizations, each with its own qualification
requirements:
1. 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 purposes
<https://www.irs.gov/charities-non-profits/other-non-profits/types-of-organi
zations-exempt-under-section-501c4>
<https://www.irs.gov/charities-non-profits/other-non-profits/types-of-organi
zations-exempt-under-section-501c4> 1
<https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-501
/> 2.
To be tax-exempt as a social welfare organization under IRC Section 501C(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
<https://www.irs.gov/charities-non-profits/other-non-profits/social-welfare-
organizations>
<https://www.irs.gov/charities-non-profits/other-non-profits/social-welfare-
organizations> 3.
In summary, IRC Section 501C(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(a)gmail.com>
Sent: Tuesday, May 14, 2024 10:05 AM
To: Unit559board(a)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