[Sosfbay-discuss] GP non profit status

[Jim Stauffer]

You also have to make a distinction between taxable and tax-exempt
non-profits. A political party can be a taxable non-profit (501(c)4),
like a PAC. But a party is never considered tax exempt (501(c)3).

Jim




Jim Doyle wrote:
> For your general information for a question that arises from time to time
> here is a recent email exchange with Warner.
> 
>  I wrote
> Is there a formal document that certifies or recognizes our non profit 
> status?
> 
> His answer follows:
> 
> Not that I know...  Political parties generally are considered 
> "nonprofit" under the federal tax code and can incorporate under state 
> law.  However, most political party activity is unincorporated and 
> regulated via either state or federal regulations -- e.g., FPPC; FEC.  
> The tax id number is required because any nonprofit activity can have 
> taxable income and because banks require it for their necessary records 
> keeping.  Political parties are NOT 501(c)(3) -- that is, no donations 
> are tax deductible by the donors.  A copy of the FPPC Form 410 showing 
> the GPSCC is a general state political committee is probably the closest 
> to any paperwork we have about this.  Warner
>  
> 
> 
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