J. E. & L. E. Mabee Foundation, Inc. v. United States

MEMORANDUM OPINION

BOHANON, District Judge.

This case came on for trial before the Gourt sitting without a jury on December 19, 1974. After considering the stipulated facts, the testimony of the witness, the exhibits admitted into evidence, and the briefs of the parties, the Court finds and concludes as follows:

Plaintiff, Mabee Foundation, Inc. hereinafter referred to as Foundation), was organized in 1948 as a nonprofit Delaware corporation, qualified to do business in Oklahoma, with its principal office in Tulsa, Oklahoma. Foundation maintains its books and records on a “cash” basis of…