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Association Law Blog: The IRS, Private Inurement and Non-Profit.

Association Law

Section 501(c)(6) of the Internal Revenue Code provides for the exemption of business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues, which are not organized for profit and “no part of the net earnings of which inures to the benefit of any private shareholder or individual.”

CA 40
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When Members Vote on Dues

Associations Now

Associations don’t typically grant members voting power on dues increases, but one association that does has found a formula that keeps members happy and revenue growing. In the United States, we believe in democratic principles. Power to the people!) The scheduled CPI adjustments are smaller and more predictable.