27 Jun
2013
27 Jun
'13
2:31 p.m.
Eddan:
Would the requirement for the club to not be "open to the public" mean that
e.g. SudoRoom couldn't use this clause to register?
I've been looking at this clause for a couple months and can't figure out
why more hackerspaces haven't taken advantage of it.
Matt (tips his hat)
On Thursday, June 27, 2013, Eddan Katz wrote:
As my task from this past week for the Mesh group has
been to do some more
research on tax structure advantages and disadvantages - I wanted to share
my excitement about 501(c)(7) with everyone. Social Clubs!
Check it out --
http://www.irs.gov/Charities-&-Non-Profits/Other-Non-Profits/Social-Clu…lubs.
Examples of 501(c)(7) ----
- College social/academic fraternities and sororities
- Country clubs
- Amateur hunting, fishing, tennis, swimming and other sport clubs
- Dinner clubs that provide a meeting place library, and dining room
for members
- Variety clubs
- Hobby clubs
- Homeowners or community associations whose primary function is to
own and maintain recreational areas and facilities