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Re: Popularizing Non Tbs

From: Gmbeasle@aol.com

In a message dated 12/06/1999 7:28:06 PM Eastern Standard Time, 
gcsnyd@loop.com writes:
>  > <<  Great idea. >>
>  > 
>  > But one which you may wish to run by your legal advisor if your group is
>  > claiming non-profit status. My understanding is that no revenues raised 
> from
>  > the public may be used to directly and tangibly benefit the individual
>  > members.
>  The advice is good, but the understanding can't be true (or at least it
>  has to be more complicated than that). Many big charities have extremely
>  well-paid officers.

There is also a difference between non-profit and not-for-profit.  It is much 
harder to get an actual non-profit status.  You can't just claim it - you 
have to file forms with the IRS to make it so.    I would be surprised if a 
local society had attained this.

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