To: Ralph Britton,
President, Palo Alto Airport Association
Good news. In today’s mail I received two copies of the Articles of Incorporation that were filed by the California Secretary of State May 10, 2004. The Palo Alto Airport Association is now a California non-profit, public benefit corporation. Under the California Pilots Association’s IRS group exemption letter, PAAA is exempt for federal purposes. PAA does not need to file any papers with the federal government. I will apply to the California Franchise Tax Board for exemption from California taxes also. This too may take a few weeks, but that will not keep PAA from now proceeding to function as a (501(c)(3) corporation.
I will mail you a copy of the Articles of Incorporation and the original Bylaws, both of which are to be kept as part of the permanent file by a responsible officer. Whenever there is a change of officers the file should be transferred to the appropriate officer and guarded as evidence of the corporate tax-exempt status. I will send additional information about CPA’s/PAAA’s tax-exempt status.
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The Palo Alto Airport Association is the newest of California’s 33 chapters that are 501(c)(3) corporations exempt under the California Pilots Association’s IRS group exemption letter. |
Jay White
President, California Pilots Association
