IRS ruled favorably on a community cultural center’s tax-exempt issues

The IRS has privately ruled on a number of issues with regard to a tax-exempt organization’s activities in building and operating a cultural center, including whether its operation of a coffee shop would be an unrelated trade or business, whether certain transfers would be self-dealing transactions and whether the cost of obtaining the ruling would be a qualifying distribution. The organization is classified as a private operating foundation. (PLR 201710005)