Non Profit
 

I just read some of the Wikipedia page on non profits.One thing that stood out is the compensation paid to the person at the top.It says they should be paid a reasonable salary,based on the health of the organization.Compton and Gardener pull in a combined total of $1,000,000.
Do you see something wrong with this picture?
There was a section on real estate exemptions that varied state to state.Wonder if Cal. rates better than Ind.
Some other points look kind of shaky too,but I'm not a lawyer.Anybody with a law background have a chance to read it?

Re: Non Profit
 

I read somewhere that a CEO of a big company like G.M. was going to work for 1 dollar for the year. I thing that in these times most CEO's should. Their bank account is already paded enough. Oh yea, they could move into a more modest house like the ones that we live in.

Re: Non Profit
 

Bobby;
I dont think they should make $1.If Compton went from $700K to say $250K till the association got back on their feet I think everyone would pull together to make things work.No more no less.
GM is a for profit co.Different situation.

Ed F.

Re: Non Profit
 

Just trying to use an analogy. But I think that anything over $100k is over paid. They probably have enough in their bank account to live on for a year to make just $1.

Re: Non Profit
 

Ed -- I'm trying to understand your logic -- are you saying Compton's 700K salary is OK if he worked for profit company ? What difference does that make? Either he is worth it or not............

Bobby -- Its very obvious you've never made 100k per year -- there are people that deserve it ! !

Re: Non Profit
 

I believe the 700 K may be Tom's base. With perks and ad-ons he is probably north of one million.

Re: Non Profit
 

Ed O'Brien -- Do you think someone like the CEO of the Red Cross is only worth 200k ? To get top people in their fields non-profits have to compete with for profit companys with salaries...Also because a company is a non profit it doesn't mean the employees have to be.............Another argument could be that Compton isn't the top man in his field -- thats a whole different thing .

Re: Non Profit
 

Bobby,
Are you including athletes, actors and actresses, authors of books, congressman, pilots, surgeons, Bill Gates, Donald Trump, etc. or just anybody and everybody ... the last time I looked it is still a free country, if someone offered you a 500k job would you turn it down and say no, I am only worth 100k ... Jack is right, you probably have never made or been close to 100k a year ... and there are people that work hard and deserve it. You could be one of them, no one is stopping you but yourself ...

Re: Non Profit
 

No i havn't, made 68k last year,wife and I together made $120k. I guess what I wrote didn't match what I was trying to write. All I was saying is maybe these people could use a tax break (haha) and give back to the company. Let's see the gov tax $1 a year. the company gave to them all these years. Like the big 3, why did they go to the gov for a bailout? If the big dogs would give back and maybe a few years down the road, take back. Shoot, I don't know. Never ran a business b4, so I guess I'm just blowing smoke up my own *****.

Re: Non Profit
 

Do I have to write this in crayon for you to understand?I'm not saying that $700K is too much.I'm quoting what the IRS might question in their guidelines for salaries to upper mgt. of a No Profit.Now,is that clear
enough?
That being said I personally think the whole bunch are over paid.Period.I'm sure there are those who would step into his job for half the $$ he makes and will develop a plan,working with legal,pros,sports-
man racers and fan output to better the sport.

Re: Non Profit
 

This whole thing has been debated to death. There seems to be no means by which to change what has happened. Fortunately we all do have a choice, take it in stride and go on or change our racing habits, and I call it a habit cause that's what it really is we got hooked on it knowing going in that it was going to cost us all money and time and was never going to return what we have invested. From my stand point the extra money is NOT going to make me quit racing if were just a money issue I would have quit years ago. Personally the ONLY issue I have is the way it was "announced" without warning or any real comm. from the top people. I find what people Do is a better indicator of their character than what they say. Joe

Re: Non Profit
 

Well Joe........ you're right about one thing........ we can't change what has already happened....... BUT..... we can make an attempt to stop it from continuing......... "CHOP FROM THE TOP"........ throw all of the big dollar guys into the street........ and then hire qualified people to fill the jobs at a much lower rate...... most of the big businesses in my area seem to be doing it and seem to be better for it....... besides, do we really think that the guys at the top of the pyramid are the ones making it work???.........

ANYWAY...... write as many letters as you can to NHRA and, most importantly, Forrest Lucas, whose company sponsors the Sportsman Series......... if the pile gets big enough, someone might think something is wrong..........