North Carolina: non-profits and political dinners
The Rocky Mount Telegram reports: The accountant got a tense call from a client Wednesday morning.
Lisa Boomsma, a Rocky Mount accountant who handles some area nonprofit organizations, said one of her clients had bought tickets to the Edgecombe-Nash Political Caucus banquet last year. The political action committee came under review Tuesday by state elections officials trying to determine if the group raised money improperly.
No state-level restriction applies to nonprofit donations to a PAC, but under certain circumstances such donations can threaten the organization's tax-exempt status at the federal level, elections officials warned.
So Boomsma dusted off the rule book and assured her client (she wouldn't say which one) that as long as the contributions remained under $2,000 and were disclosed properly, the Internal Revenue Service would probably leave the organization alone, she said. -- Businesses donating to the PAC face no legal consequences.