The APTA had financed and supported the creation of the PTMHOFF1 as an independent 501 (C) (3) entity. With the IRS finally granting exempt status effective February 19, 2004 the Foundation could now embark on a fundraising effort to “realize the dream”
Because the Foundation was a newly created corporation the approval was an “advance ruling” and was only effective through December 31, 20082.
NOTE 1: APTA President John Horine was the driving force to accomplish this and had worked closely with Andrew Giannella of ulmer berne llp of Cincinnati, OH to incorporate the Foundation and file the application for non-profit status. [See Also]
NOTE 2: This was subsequently extended