01-22-2020, 04:04 AM
IRS regulations prohibit 501©(3)
Private benefit/inurement --“ An organization may not permit an insider (someone with a personal or private interest in the organization) to benefit substantially from the activities of the organization.
Especially when it's an officer, the treasurer of the board who benefits (the paving work recently done on 1st Avenue)
Private benefit/inurement --“ An organization may not permit an insider (someone with a personal or private interest in the organization) to benefit substantially from the activities of the organization.
Especially when it's an officer, the treasurer of the board who benefits (the paving work recently done on 1st Avenue)