Who could be held responsible?
Person or entity Potential exposure

CCA as an organization Penalties, corrective filings, excise taxes, and potentially loss of 501(c)(3) status

Treasurer Scrutiny over financial records, tax filings, and accounting decisions; personal liability if personally involved in a violation

President Potential personal liability if the president knowingly authorized, participated in, or benefited from improper transactions

Board of Directors Possible liability for knowingly approving improper transactions or breaching fiduciary duties; merely serving on the board is not enough

Museum officials Potential exposure if they controlled, diverted, or improperly benefited from charitable assets

Outside preparers or advisers Possible preparer penalties or other liability if they knowingly or negligently violated applicable requirements

No. Ordinary members of the Casino Collectibles Association would generally have no personal financial or legal liability if the IRS found wrongdoing by the organization or its officers.

The CCA is a nonprofit corporation. Its members are generally legally separate from the organization.

Here's how it breaks down:

Membership status Potential exposure
Regular dues-paying member Generally none
Life member Generally none
Member who donated to the Building Fund Generally none
Member who donated collectibles Generally none, assuming the donation was legitimate and properly represented
Member who voted for officers or directors Generally none
Member serving as an officer or director Possible, depending on personal conduct
Member who knowingly participated in fraud Possible personal civil or criminal liability

What if the IRS revokes the CCA's nonprofit status?
Members would not ordinarily become responsible for the CCA's tax bills, penalties, or debts.

However, they could experience indirect consequences:
- Membership dues might increase.
- The club could lose its tax-exempt status.
- The organization might have to sell assets or cease operations.
- Future donations might no longer qualify for charitable deductions.