...of those who have read the revenue act is that it intended to exempt local associations of employees when no part of the net earnings inures to the benefit of any private stockholder or individual, to which class the Industrial Mutual Association of Flint belongs,...

...a pension; and (12) Receipts of ship owner's mutual nonprofit protective and indemnity associations when no part of the net earnings inures to the benefit of any private stockholder or member. These associations are taxed upon their net income from interest,...

...pleasure, recreation, and other nonprofitable purposes are exempt from Federal income tax provided no part of the net earnings inures to the benefit of any private individual. A club otherwise entitled to an exempt status will not be disqualified merely because its membership...

...pension fund for football players this is not to be taken into account when determining whether any of the net earnings inures to the benefit of any private individual. The fact that the football leagues, even though administering pension systems, are included in this...

...described by section 501 (c) (3). It was organized and operated exclusively for educational purposes, no part of the net earnings inures to the benefit of any private individual, no substantial part of the activities amounts to the carrying on of propaganda or otherwise attempting...

...otherwise charitable activity should not enjoy tax exemption if, as stated in Section 501 (c) (3), any part of the net earnings inures to the benefit of any private individual. If a so-called "public interest law firm" were used as a means to subsidize private litigation designed...