Re: Popularizing Non Tbs
- To: i*@onelist.com
- Subject: Re: [iris-talk]Popularizing Non Tbs
- From: G*@aol.com
- Date: Mon, 6 Dec 1999 23:42:05 EST
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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