The IRS requires Section 527 political organizations to report in itemized form any contributions they receive when such contributions surpass $200 for a calendar year. A Section 527 organization’s expenditures must be reported in itemized form if more than $500 in a calendar year is spent on a particular expense. If some person or group were paying rent for Unity12 as an in-kind contribution, such a contribution must must be reported and labeled as such.
The Unity12 Task Force is a Section 527 political organization, reporting its address as 1775 Pennsylvania Avenue NW, Suite 1212, Washington DC.
1775 Pennsylvania Avenue is a piece of prime rental real estate a mere block from the White House in the Central Business District of Washington DC. This property completed an extensive renovation just last year and by its numbering Unity12’s suite appears to occupy the top floor. Cushman & Wakefield report the asking rate for this kind of rent in the Central Business District is somewhere between $60 and $70 per square foot. Even if Unity12’s office suite were as small as a cupboard, it would be paying well above the $200 reporting threshold for in-kind contributions or $500 reporting threshold for expenditures every month in rent.
The Unity12 Task Force officially formed in the beginning of April 2010, and the 2nd Quarter 2010 report of the Unity12 Task Force’s contributions and expenditures is the first quarterly report made by Unity12, covering the months of April, May and June 2010. In its report to the IRS, Unity12 discloses no in-kind contributions. No expenses related to rent are disclosed.
Who is paying the rent on Unity12’s enviable top-floor DC Beltway suite?
The question remains.