The Somerset Recreation Club has operated as a 501(c)(7) non-profit organization since it was founded in 1963. SRC has formally submitted an application to the IRS for 501(c)(3) status. This will result in the SRC becoming a more attractive recipient for charitable donations that can fund renovations to the club by offering tax deductions to donors. The Board believes this change will have only positive benefits to the club and its members, without any changes to the services and benefits offered to members today. We hope/expect to hear something back before the pool closes at end of the season.