Quote:
Originally Posted by Bruce Noland
Nice spin from the management side of nhra by Mr. Olson. In this interview he failed to mention the fact that the IRS had revoked nhra's not for profit exemption in early 70's. And that they had to scramble, stall and scramble some more to create a new "improved" nhra which included members with voting rights. In 1981 they produced yet another new and improved set of bylaws and asked the unwitting membership to give them the keys to the store. Apparently a majority of the members at the time were unaware of the predatory nature of the nhra executives. The good news is that most of this is well documented and subject to review. Yes, even after all these years.
|
I've asked this before on this forum, but is NHRA, today, a profitable organization? I had heard they lost there non-profit status years ago, as well.