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Re: The IRS and NHRA, you gotta see this.

The NHRA "suits" are paid a lot more than they should be.My opinion.

Re: The IRS and NHRA, you gotta see this.

Should make for a lot of good reading to go with the popcorn and soft drinks. Might find going to a alcoholic beverage more fitting to watch the dancing here. !

Re: The IRS and NHRA, you gotta see this.

Jason,

As I posted above:

Quote:

Originally Posted by Toby Lang (Post 234446)

Well, in the same paragraph it says:

"... we evaluated the comparable compensation data detailed in the American Society of Association Executives compensation report."

Also, Compton made 12.7% more than the 75th percentile not 24%.

-Toby

Re: The IRS and NHRA, you gotta see this.

Quote:

Originally Posted by Jason Oldfield (Post 234436)

This is very interesting indeed. But, this may be a case of cutting off our noses to spite our faces. Sure, I would LOVE to have a voice in how this organization is run. But, let's assume that the IRS revokes the NHRA not-for-profit status. Then what? NHRA simply becomes a private corporation, we become "customers" rather than "members", and Compton et. al continue to receive their inordinate amounts of pay, and we continue to have no say in how the organization is run. What other company do you have a say in how it is run, simply as a customer? Chrysler? Nope. Cargill? Nope. Mars (M&Ms)? Nope. These are some of the largest private companies in the U.S.

How, you ask, will NHRA be able to continue to afford to pay these ridiculous wages once they have to pay income tax as well? You guessed it, more sportsman racing "enhancements". NHRA will just raise the prices of everything to compensate for their lost revenue. They've done it before and we've never done anything about it. Why would we now?

So, though I want to have a voice, and I want to see these a-holes held accountable, it still may not be in my best interests as a drag racer to see this happen (though it WILL be in my best interests as a tax-paying citizen).

Should be interesting to say the least...

What difference does it make ? You (The Members) have no say already and the entries, Insurance, and enhancements just keep going up anyway and the potential for a return just keeps coming down !
Show me and others on this forum what would be different????????????????????????.

Re: The IRS and NHRA, you gotta see this.

Toby, it's not just Compton compensation which in 2008 was $771,632. Check out the rest of these, Peter Clifford $427,274, Graham Light $353,782, Dallas Gardner $319,073, Gary Darcy $393,774, John Siragusa $356,950, Linda Louie $285,703, Jerry Archmbeault $229,135, Dan Olson $230,255, and Glen Cromwell $202,368. Also for 2009 Glen Gray made $295,948.

Re: The IRS and NHRA, you gotta see this.

Quote:

Originally Posted by Greg Hill (Post 234462)

And you guys and girls just keep shoving the $$$$$$$$$$$$$$$ at them every year, every race, and dont even get kissed ! LOL I love it.

Re: The IRS and NHRA, you gotta see this.

In the end, how does anybody think NHRA loosing it's not for profit status (providing that's how it turns out) will have any effect at all on us?

Re: The IRS and NHRA, you gotta see this.

Quote:

Originally Posted by Toby Lang (Post 234457)

Also, Compton made 12.7% more than the 75th percentile not 24%.

-Toby

Actually, we were both wrong Toby, it was 14.5%. But, in the end, it doesn't matter. Unless NHRA is in top 10 not-for-profit trade organizations in the U.S., they can't possibly justify that his salary isn't excessive. If you want to operate as a not-for-profit, that's fine, but you also have to show some restraint when it comes to your expenditures, which NHRA clearly has not done over the years.

Re: The IRS and NHRA, you gotta see this.

Quote:

Originally Posted by X-TECH MAN (Post 234460)

What difference does it make ? You (The Members) have no say already and the entries, Insurance, and enhancements just keep going up anyway and the potential for a return just keeps coming down! Show me and others on this forum what would be different????????????????????????.

That was just my point. It probably won't be any different, and might actually be WORSE for us racers. And don't lump me in with all the NHRA fanboys...I haven't been to an NHRA national event as a competitor for some time, nor do I intend to return anytime soon with all their recent enhancements. I'll gladly run the TNT series that is close to home and where I'm treated well...

Re: The IRS and NHRA, you gotta see this.

Quote:

Originally Posted by X-TECH MAN (Post 234460)

I agree 100% on this post as no truer words have ever been spoken! I cant wait to hear the rest of this story as it unfolds. Looks like the "players" get "played" I meant soon to be the PAYERS giggity giggity.