Posted 10 years ago on Dec. 23, 2011, 3:24 p.m. EST by KofAIII
This content is user submitted and not an official statement
I was just informed TODAY, that OWS is officially a 501c3 non-profit organization in the eyes of the I.R.S.
Who made this decision?
How can we 'change' this, and what the "F" were they thinking???
"...To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates..."
Being a 501c3 means OWS can't directly influence elections...
OMG, this is THE DUMBEST THING I have heard yet.
WTF are you people thinking???
Seriously, who is in charge and why are they STILL in charge???