HA HA! I think that applies to one "L" of a lot more than just AMA in these days.

There have been a number of questions, etc., in this thread. In the past 5-6 years, my personal situation has resulted in my NOT having to get really involved in other than rather basic IRS/IRC materials. The latest volumes of the IRC that I have are for 2004.
There is no requirement listed for newsletters, etc., for an IRC 501(c) (3) organization that I find under IRC Subchapter F - Exempt Organizations, Part 1-General Rule, Section 501, [501(c)]. There was such back before 1984, which I do remember. Mind you, I am only speaking of the main text, and I am not going to waste my time studying the pages of the various amendments to locate such. [X(]
Now here is an interesting point: While AMA Bylaws allow "Special Members" such as PPP members, and certainly AMA's legal team has made up AMA's answer to any such question, I still hold the question just what might happen to any Class-Action lawsuit if some were to question Section 503. Requirements for Exemption, [Sec. 503(b)], (which defines Prohibited Transactions applicable to all organizations of Section 501) paragraph (3), "makes any part of its services available on a preferential basis to; (I.E. PPP) and paragraph (6) "engages in any other transaction which results in a substantial diversion of its income or corpus (financial worth) to; which is later defined. One definition which I find interesting defines persons of corporations with 50% or more voting power.

I'm wondering just where would AMA's Marketing (formally Membership Development) Committee (P) (4/05): Chair: Mark Smith; Mission Statement: “Will advise the president and Executive Council on programs to attract and retain AMA Members.”
Committee Members: Don Anderson, Eric Meyers fit in???

With all the thoughts and stuff being posted in this thread, I think that the vast majority are missing the point. Model Aviation while serving as a vehicle to keep most members connected to the AMA, is not being built to serve the AMA other than that current purpose.
IMO, MA, is being formulated to become the #1 magazine for model aviation, and as time passes it will generally be following the wind, moving in whatever direction the business community develop. MAN is now reducing its pages down to 130 for Mar. issue, and MA is following suit down from 200/Jan. 184/Feb., 168/Mar. I don't read any other monthly except for FM which is not a contender in pages. The IMAA's quarterly for Spring '09 issue is 130 pages.
IMO the Academy of Model Aeronautics is far too entrenched within their own walls to really be concerned with other than the "shooting stars" which they are not going to catch. In the not-too-distant future AMA will consist mainly of a privately owned insurance company, and possibly the only surviving periodical publication for the model aviation enthusiast.

Horrace Cain

"Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant and a fearful master."
George Washington