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Koch-Connected Group Shows Holes in Disclosure Requirements

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The (c)(4) Conundrum -The amounts given by the entities named above to AFP and its foundation in 2010 come to just over $10.3 million; meanwhile, the revenue of the two groups totaled $39.5 million. The difference, presumably, included gifts by individuals and corporations to the groups, the details of which aren't shared with the press or the public. As a result, the sources of roughly 75 percent of the groups' 2010 budget remain a mystery. Last month, seven Democratic senators wrote to the IRS asking it to investigate the political activity of 501(c)(4) groups. Politics is supposed to be a minor part of the overall operations of the groups, but oversight is scant and definitions are elastic. The agency hasn't yet responded. Meanwhile, another set of Democratic senators asked the FEC to consider requiring the groups to disclose the identities of their contributors when the groups...

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