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Rev. Rul. 68-14, 1968-1 C.B. 243: A nonprofit organization organized and operated to preserve and develop the beauty of a city may be exempt from federal income tax under Internal Revenue Code section 501(c)(3).
Rev. Rul. 68-15, 1968-1 C.B. 244: A nonprofit organization that investigates causes of community tension, discrimination, physical deterioration, and juvenile delinquency, disseminates its findings, and attempts to educate the public on how to correct such conditions may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-16, 1968-1 C.B. 246: A fund set up as an adjunct to an exempt school of business administration, for the sole purpose of providing business students with instruction and experience in managing securities, may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-17, 1968-1 C.B. 247: A nonprofit organization that conducts a model demonstration housing program for low-income families and disseminates information about the results of the program may qualify for exemption from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-18, 1968-1 C.B. 271: If an organization of the type described in Code section 501(c)(12) uses the accrual method of accounting for federal income tax purposes, compliance with the 85 percent requirement imposed by that section must be determined pursuant to that method.
Rev. Rul. 68-45, 1968-1 C.B. 259: A veterans' post that primarily engages in social welfare activities may qualify for exemption from federal income tax under Code section 501(c)(4) even though it receives a substantial portion of its funds from bingo games open to the general public.
Rev. Rul. 68-46, 1968-1 C.B. 260: A veterans' organization does not qualify for exemption under Code section 501(c)(4) if it primarily engages in renting a commercial building and operating a public banquet and meeting hall having bar and dining facilities.
Rev. Rul. 68-59, 1968-1 C.B. 283: An exempt organization must exclude the specific deduction of $1,000 provided in Code section
512(b)(12), in computing its net operating loss under section 172.
Rev. Rul. 68-70, 1968-1 C.B. 248: A nonprofit organization that seeks to eliminate discrimination in employment may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-71, 1968-1 C.B. 249: A nonprofit organization that helps people plan their careers and achieve occupational adjustment by distributing educational publications at a nominal charge and providing free vocational counseling services may qualify for exemption under Code section 501(c)(3).
Rev. Rul. 68-72, 1968-1 C.B. 250: A nonprofit organization that operates a supervised facility to bring together young people of college age with church leaders, educators, and leading businessmen of the community for discussions on religion, current events, and social problems and providing personal counseling to young adults on their social and vocational problems may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-73, 1968-1 C.B. 251: A nonprofit organization created to minister to the non-medical needs of patients in a proprietary hospital may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-74, 1968-1 C.B. 267: The activities of a taxable subsidiary of a social club (otherwise exempt from federal income tax under Code section 501(c)(7)) are considered activities of the parent club in determining whether the parent is engaging in business with the general public for profit.
Rev. Rul. 68-75, 1968-1 C.B. 271: A government agency may be a member of an electric cooperative for purposes of Code section 501(c)(12).
Rev. Rul. 68-117, 1968-1 C.B. 251: A nonprofit organization formed and operated to help needy families in developing countries may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-118, 1968-1 C.B. 261: A nonprofit organization that stimulates the interest of youth in the community in organized sports may qualify for exemption from federal income tax under Code section 501(c)(4).
Rev. Rul. 68-119, 1968-1 C.B. 268: A social club does not under certain circumstances jeopardize its exemption from federal income tax under section 501(c)(7) by charging the public admission to its annual steeplechase.
Rev. Rul. 68-164, 1968-1 C.B. 252: A nonprofit organization formed to promote safety in small boat construction and operation may be exempt from federal income tax under Code section 501(c)(3) as an educational organization.
Rev. Rul. 68-165, 1968-1 C.B. 253: A domestic nonprofit corporation (composed of educational, civic, business, and other groups) that joins with a counterpart in a Latin American country to promote a student and cultural exchange and provide technical and material assistance for self-help projects to improve the living conditions of underprivileged people in Latin America may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-167, 1968-1 C.B. 255: A nonprofit organization formed to market the cooking and needlework of needy women may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-168, 1968-1 C.B. 269: A nonprofit organization that leases building lots to its members on a long-term basis is not exempt from federal income tax under Code section 501(c)(7).
Rev. Rul. 68-175, 1968-1 C.B. 83: A religious school operating as a center for adults and combining a personal, group, and subject approach to learning has a regular faculty and a regular enrollment of students in attendance at the place where its educational activities are carried on. Therefore, it is an educational organization within the meaning of Code section 170(b)(1)(A)(ii).
Rev. Rul. 68-182, 1968-1 C.B. 263: The Internal Revenue Service will not in similar cases follow the decision in Pepsi-Cola Bottlers' Association, Inc. v. United States, 369 F.2d 259 (7th Cir. 1966). It is the position of the Service that organizations promoting a single brand or product within a line of business do not qualify for exemption from federal income tax under Code section 501(c)(6).
Rev. Rul. 68-222, 1968-1 C.B. 243: That stock is owned by by members rather than a fraternity exempt under Code section 501(c)(7) will not disqualify a title holding corporation from exemption from federal income tax under section 501(c)(2), if the stockholders can in no case receive any dividends or profits, all the income from the property, less expenses, being paid over to the organization.
Rev. Rul. 68-224, 1968-1 C.B. 262: A nonprofit organization that conducts an annual festival centered around regional customs and traditions may qualify for exemption from federal income tax under Code section 501(c)(4).
Rev. Rul. 68-225, 1968-1 C.B. 283: A section 501(c)(3) organization's performance of consulting services for local businesses relating to securing housing for minority group employees is not an unrelated trade or business within the meaning of Code section 513.
Rev. Rul. 68-264, 1968-1 C.B. 264: A nonprofit organization is not exempt from federal income tax under Code section 501(c)(6) if it operates a traffic bureau for members and nonmembers as its primary activity.
Rev. Rul. 68-265, 1968-1 C.B. 265: A nonprofit organization that operates a credit information service as its primary activity is not exempt from federal income tax under Code section 501(c)(6).
Rev. Rul. 68-266, 1968-1 C.B. 270: A nonprofit social club composed of persons who are members of a political party and persons interested in party affairs may be exempt from federal income tax under Code section 501(c)(7), even though it occasionally invites political candidates to address its members.
Rev. Rul. 68-267, 1968-1 C.B. 284: An association of retail food merchants exempt from federal income tax under Code section 501(c)(6) that regularly carries on as a minor portion of its activities a coupon redemption service for members is engaged in an unrelated trade or business under Code section 513.
Rev. Rul. 68-296, 1968-1 C.B. 105: Amounts transferred without consideration by a taxable corporation to its sole stockholder, a section 501(c)(3) exempt organization, are distributions constituting dividends to the extent provided in section 316(a) and are not deductible as charitable contributions under section 170.
Rev. Rul. 68-306, 1968-1 C.B. 257: A nonprofit organization that publishes a newspaper primarily devoted to church and religious matters may qualify for exemption under Code section 501(c)(3).
Rev. Rul. 68-307, 1968-1 C.B. 258: A nonprofit organization formed to help the National Park Service improve its educational and scientific programs may be exempt from federal income tax under Code section 501(c)(3).
Rev. Rul. 68-371, 1968-2 C.B. 204: A title-holding corporation exempt under Code section 501(c)(2) will not qualify for exemption after one of the organizations to which it distributes income ceases to qualify for exemption under section 501(a).
Rev. Rul. 68-372, 1968-2 C.B. 205: A nonprofit organization that procures, cares for, and displays objects of lasting interest or value relating to a sport may be exempt under Code section 501(c)(3).
Rev. Rul. 68-373, 1968-2 C.B. 206: A nonprofit organization primarily engaged in testing drugs for commercial pharmaceutical companies does not qualify for exemption under Code section 501(c)(3).
Rev. Rul. 68-374, 1968-2 C.B. 242: Circumstances in which an exempt hospital derives unrelated business taxable income from selling pharmaceutical supplies to the general public.
Rev. Rul. 68-375, 1968-2 C.B. 245: Selling pharmaceutical supplies by an exempt hospital to private patients of physicians with offices in a hospital-owned medical building is unrelated business.
Rev. Rul. 68-376, 1968-2 C.B. 246: Situations in which persons who purchase pharmaceutical supplies from an exempt hospital are considered patients of the hospital for purposes of determining whether the hospital is engaged in unrelated business.
Rev. Rul. 68-422, 1968-2 C.B. 207: An organization created pursuant to the will of a stockholder of a company to pay pensions to retired employees of that company does not qualify for exemption under Code section 501(c)(3).
Rev. Rul. 68-438, 1968-2 C.B. 209: A nonprofit organization formed and operated to lessen racial and religious prejudice in housing and public accommodations by disseminating the results of its investigations and research may be exempt under Code section 501(c)(3).
Rev. Rul. 68-455, 1968-2 C.B. 215: A war veterans' organization qualifies for exemption under Code section if its primary activity is promoting social welfare, even though it operates a resort concession and uses funds to pay for certain buildings; Revenue Ruling 58-517 superseded.
Rev. Rul. 68-489, 1968-2 C.B. 210: An organization will not jeopardize its exemption under Code section 501(c)(3), even though it distributes funds to nonexempt organizations, provided it retains control and discretion over use of the funds for section 501(c)(3) purposes.
Rev. Rul. 68-490, 1968-2 C.B. 241: An exempt section 501(c)(2) title-holding corporation is subject to the unrelated business tax under Code section 511 if one of its parent organizations is subject to the tax.
Rev. Rul. 68-504, 1968-2 C.B. 211: A nonprofit organization formed and operated to conduct an educational program for bank employees in an area qualifies for exemption under Code section 501(c)(3).
Rev. Rul. 68-505, 1968-2 C.B. 248: An exempt section 501(c)(3) county fair association that conducts a horse racing meet with pari-mutuel betting is engaged in an unrelated trade or business within the meaning of Code section 513.
Rev. Rul. 68-534, 1968-2 C.B. 217: An organization publishing a labor newspaper may qualify for exemption under Code section 501(c)(5).
Rev. Rul. 68-535, 1968-2 C.B. 219: A social club that regularly sells liquor to its members for consumption off its premises is not exempt under Code section 501(c)(7).
Rev. Rul. 68-536, 1968-2 C.B. 133: An exempt organization is entitled to only one $1,000 deduction under Code section 512(b)(12) in computing its unrelated business taxable income, regardless of the number of unrelated businesses in which it is engaged.
Rev. Rul. 68-550, 1968-2 C.B. 249: Income an exempt organization derives from operating a mailing service for other organizations is income from unrelated trade or business within the meaning of Code section 513, even though the mailing equipment is also used for exempt activities.
Rev. Rul. 68-563, 1968-2 C.B. 212: A nonprofit religious broadcasting station that does not sell commercial or advertising time is exempt under Code section 501(c)(3) even though it operates on a commercial license.
Rev. Rul. 68-564, 1968-2 C.B. 221: A mutual company, whose members are the owners of river front property, formed to contract with the federal government to prevent erosion of river banks may qualify for exemption as a like organization under Code section 501(c)(12).
Rev. Rul. 68-581, 1968-2 C.B. 250: Sale by a section 501(c)(3) exempt vocational school of articles made by its students is a related trade or business within the meaning of Code section 513, but selling articles made by non-students is unrelated trade or business.
Rev. Rul. 68-638, 1968-2 C.B. 220: A country club that annually hosts a golf tournament to which the general public is admitted for a charge and uses the net income therefrom for club purposes does not qualify for exemption under Code section 501(c)(7).
Rev. Rul. 68-639, 1968-2 C.B. 220: The section 501(c)(7) exempt status of a social club will not be adversely affected where it redeems certain members' stock at the book value of the shares at the time of redemption, even though the stockholder realizes gain.
Rev. Rul. 68-655, 1968-2 C.B. 213: A nonprofit organization formed to promote racial integration in housing, to lessen neighborhood tensions, and to prevent deterioration of neighborhoods, may qualify for exemption under Code section 501(c)(3).
Rev. Rul. 68-656, 1968-2 C.B. 216: An organization that informs the public on controversial subjects and attempts to influence legislation germane to its program may qualify for exemption under Code section 501(c)(4).
Rev. Rul. 68-657, 1968-2 C.B. 218: The section 501(c)(6) exempt status of a business league is not affected where it distributes forms that are designed primarily for use by the members in reporting data to the league, but are also used by members as business records.
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