Rike v. Commissioner
United States Board of Tax Appeals
A corporation organized and operated solely for the purpose of providing annuities for superannuated or disabled secretaries of the Y.M.C.A., which derives its funds from public contributions and from voluntary contributions by associations and employees of the Y.M.C.A., no part of the net earnings of which inures to the benefit of any private shareholder or individual, is an exempt corporation as defined in section 231 of the Revenue Act of 1921, and contributions thereto…
Read the full summary
A corporation organized and operated solely for the purpose of providing annuities for superannuated or disabled secretaries of the Y.M.C.A., which derives its funds from public contributions and from voluntary contributions by associations and employees of the Y.M.C.A., no part of the net earnings of which inures to the benefit of any private shareholder or individual, is an exempt corporation as defined in section 231 of the Revenue Act of 1921, and contributions thereto by an individual are deductible under section 214(a)(11) of the Revenue Act of 1921.
1Opinion of the Court
FREDERICK H. RIKE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Rike v. Commissioner
Docket No. 24335.
United States Board of Tax Appeals
18 B.T.A. 149; 1929 BTA LEXIS 2110;
November 11, 1929, Promulgated
A corporation organized and operated solely for the purpose of providing annuities for superannuated or disabled secretaries of the Y.M.C.A., which derives its funds from public contributions and from voluntary contributions by associations and employees of the Y.M.C.A., no part of the net earnings of which inures to the benefit of any private shareholder or individual, is an…
2Cases cited2 opinions
- Young Men's Christian Ass'n Retirement Fund, Inc. v. CommissionerUnited States Board of Tax Appeals · 1929
- Rike v. CommissionerUnited States Board of Tax Appeals · 1929