CLASS RACER FORUM - AHFS details

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Re: AHFS details

Chuck, if making money is their sole reason for being in businees , how do they keep their non profit status? I have been on a couple of non profit boards over the years and members always elected the board. I believe NHRA is still operating under their original charter from back inn the 50's. I wonder if the IRS has had a look lately? What about the for profit corporations owned by NHRA? Whose money got invested in those? I guess my whole point is that if the management owns NHRA they stole it.

Re: AHFS details

You guys need to be nicer to Bobby.

Re: AHFS details

[QUOTE=Jeff Teuton;135242]Chuck, you really think Bobby Brannon is in control of his faculties?

Normally, having written on a topic, I'd have already moved on to new musings but, in this instance I feel an obligation to respond directly to a direct question:

I don't know Bobby Brannon as well as do you, but I think we're at a level that would justify my introducing him as a "friend and competitor." On all occasions that we've had conversations I have found him to be the epitome of a southern gentleman in the way that I've understood the term for the last fifty or sixty years. He is courteous, polite, and accommodating. I no reason to believe that he is not an upstanding citizen.

That's enough said.

In retrospect, Chariie Manson was a frat brother, too. Perhaps I'm not discerning enough in choosing "friends." Who knows?

c

Re: AHFS details

Quote:

Originally Posted by Greg Hill (Post 135256)

Q1. how do they keep their non profit status?
A1. Hell, I'm just a retired school teacher. Ask Julie Jordan. She's an accountant and more informed in these things. All I know is that they've had good legal minds on the staff for many years and no one has been able to break down the walls even though it's been tried.

Q2. I wonder if the IRS has had a look lately?
A2. I doubt it. They're too busy questioning my racing expenses.

Statement 1. I guess my whole point is that if the management owns NHRA they stole it.
Response 1. No comment. See A1.

c

Re: AHFS details

Any news on the interpretation of the "New AHFS Rule" or is it as now written?