The IRS and NHRA, you gotta see this. - Page 15

Sean Kennedy · 01-25-2011, 12:25 AM

Quote:

Originally Posted by GarysZ24

Sean,

You and all others who think like you are the reason I was happy and honored to be at the S.I.R. racer meeting/banquet last Saturday (in Tucson, because there racers have a chance to embrace a new option for their sanctioning dollar. If it happens, then NHRA is going to have some competition they haven't had out west here since the old AHRA days, and that will bring about some more focus on us sportsman class racers than we've been getting lately (especially if other tracks follow S.I.R.'s possible lead)? One can only hope.....

I'm all for the IHRA, and I hope it goes well. We have a potential new track coming in the northwest and I really hope they look at the IHRA.

dart4forte · 01-28-2011, 09:03 PM

So guys, I have a question. Does the NHRA have a board of directors and who sits on the board.?

Jim Wahl · 01-28-2011, 11:59 PM

Quote:

Originally Posted by dart4forte

So guys, I have a question. Does the NHRA have a board of directors and who sits on the board.?

http://www.nhra.com/story/2010/12/9/...-of-directors/

dart4forte · 01-29-2011, 03:12 AM

Looks like a good ole boy operation. Looks like they may have some problems with the IRS. Doesn't look like a 501(C) organization to me

JRyan · 01-29-2011, 02:02 PM

All you have to do is read the first sentence to know what a crock this whole deal is.

"Two new members have been elected to the NHRA Board of Directors, longtime NASCAR executive Ken Clapp and high-profile Los Angeles attorney Michael C. Cohen".

"Elected"?? By whom? Maybe selected would have been a better term to use. But "elected" makes it looks more like the MEMBERS actually voted on these two ad-ons. Kinda like a democracy. Kinda like what's required by their organizational by-laws. No, I think they were HIRED as "little Dutch Boy's" to put their fingers in the dike.

By the way, did any of you MEMBERS get to vote on these two? I didn't, but then I quit giving them my money three years ago.

Jerry

Lynn A McCarty · 01-29-2011, 02:21 PM

I thought we uncovered several years ago on this forum that National Events was a for profit corp and that the points races and membership/Dragster was the only port nonprofit portion?

Sportsman racing rules and NMCA and other like type organizations are proving it. A good thing just cant be held down too long.

Too bad the US Class Nationals thing didnt last into multiple events per year. It must be a profitable venture or no one is going to do it. I was hoping Alex made tons of money so he would keep doing it. Profit is a requirement or NHRA wont exist so I hope they make tons of money. They must listen to their customers a bit more.

Many sportsmen racers are on the leading edge professional America not easily ignored or manipulated. I support NHRA making profit and hopefully reinvesting with a collaborative effort with sportsmen racers to further our sport. They have improved over the last few years, but we still have more to accomplish.

GarysZ24 · 01-31-2011, 11:37 PM

Quote:

Originally Posted by Sean Kennedy

I'm all for the IHRA, and I hope it goes well. We have a potential new track coming in the northwest and I really hope they look at the IHRA.

Well Sean, since S.I.R.'s an official IHRA track as of tomorrow morning, I'll be looking forward to what happens next out here in our half of the country? The rumor mill stated that several other tracks (like the one you speak of), were waiting for SIR to decide how they were going to go, and now we all know. I hope this is just the beginning of many transitions from national to international, because then it won't really matter so much what becomes of this IRS mess NHRA is involved in. I now know of a former NHRA (only) racer who's glad he had an option last year, because he won nearly $20,000 in cash and prizes as a result of winning his "No Box" national championship back in Va.!!!

Greg Hill · 02-01-2011, 09:54 AM

This thing is not going away. It is being picked by the mainstream media in a big way. Google NHRA and IRS and you will find out that the AP has picked this story up and it's all over the place. Some of the media outlets that are running the story are LA Times, San Jose Mercury, Amarillo Globe News, Indianapolis NBC affiliate, CNBC, San Diego Union Tribune, CBS Sports.com, Washington Times, Coos Bay World, ESPN.com,Charlotte Observer, Fox Sports.com, newser.com, Minneapolis-St.Paul Star Tribune, Forbes Magazine. How long will it be before some enterprising reporter really digs into this and finds out what the scoop is? This is really going to get interesting.

Greg Hill · 02-01-2011, 11:36 AM

An update on more media outlets picking up this story.USA Today,Greensboro News, abc news.com, Miami Herald, WBAY, Greenbay, North County Times in San Diego, Marin Independent Jouirnal, Bangor Daily News, Bloomberg News, Fresno Bee, Press of Atlantic City, Dayton Daily News, Columbia Daily Tribune, World News.com, NBC Sports.com, Gettysburg Times.

NewHemi · 02-01-2011, 07:55 PM

If they (the NHRA) think that the only way they can have enough expenses to balance revenue is by having management make $700K per year, obviously they are taking in WAY TOO MUCH MONEY, and PAYING people far more money than they are worth.

Therin lies the problem. You pay too much in 1995, and then pay more in 1996, and more each year on up to 2010 and they keep raising racer costs to cover their annual raises.

Maybe they are hoping Obama will try to give them a stimlus, or maybe someone else can give them an enema...

David
The New Hemi Guy

01-28-2011, 09:03 PM	#142
dart4forte Junior Member Join Date: Oct 2006 Location: Yakganistan Posts: 80 Likes: 0 Liked 1 Time in 1 Post	Re: The IRS and NHRA, you gotta see this. So guys, I have a question. Does the NHRA have a board of directors and who sits on the board.?

01-29-2011, 03:12 AM	#144
dart4forte Junior Member Join Date: Oct 2006 Location: Yakganistan Posts: 80 Likes: 0 Liked 1 Time in 1 Post	Re: The IRS and NHRA, you gotta see this. Looks like a good ole boy operation. Looks like they may have some problems with the IRS. Doesn't look like a 501(C) organization to me

01-29-2011, 02:02 PM	#145
JRyan Senior Member Join Date: Apr 2003 Location: Aberdeen SD Posts: 645 Likes: 30 Liked 112 Times in 31 Posts	Re: The IRS and NHRA, you gotta see this. All you have to do is read the first sentence to know what a crock this whole deal is. "Two new members have been elected to the NHRA Board of Directors, longtime NASCAR executive Ken Clapp and high-profile Los Angeles attorney Michael C. Cohen". "Elected"?? By whom? Maybe selected would have been a better term to use. But "elected" makes it looks more like the MEMBERS actually voted on these two ad-ons. Kinda like a democracy. Kinda like what's required by their organizational by-laws. No, I think they were HIRED as "little Dutch Boy's" to put their fingers in the dike. By the way, did any of you MEMBERS get to vote on these two? I didn't, but then I quit giving them my money three years ago. Jerry

01-29-2011, 02:21 PM	#146
Lynn A McCarty Member Join Date: Jun 2002 Location: Plainfield (INDY) Indiana Posts: 468 Likes: 1 Liked 3 Times in 3 Posts	Re: The IRS and NHRA, you gotta see this. I thought we uncovered several years ago on this forum that National Events was a for profit corp and that the points races and membership/Dragster was the only port nonprofit portion? Sportsman racing rules and NMCA and other like type organizations are proving it. A good thing just cant be held down too long. Too bad the US Class Nationals thing didnt last into multiple events per year. It must be a profitable venture or no one is going to do it. I was hoping Alex made tons of money so he would keep doing it. Profit is a requirement or NHRA wont exist so I hope they make tons of money. They must listen to their customers a bit more. Many sportsmen racers are on the leading edge professional America not easily ignored or manipulated. I support NHRA making profit and hopefully reinvesting with a collaborative effort with sportsmen racers to further our sport. They have improved over the last few years, but we still have more to accomplish. __________________ Lynn A McCarty 3470 SS Last edited by Lynn A McCarty; 01-29-2011 at 02:41 PM.

02-01-2011, 09:54 AM	#148
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 68 Liked 279 Times in 68 Posts	Re: The IRS and NHRA, you gotta see this. This thing is not going away. It is being picked by the mainstream media in a big way. Google NHRA and IRS and you will find out that the AP has picked this story up and it's all over the place. Some of the media outlets that are running the story are LA Times, San Jose Mercury, Amarillo Globe News, Indianapolis NBC affiliate, CNBC, San Diego Union Tribune, CBS Sports.com, Washington Times, Coos Bay World, ESPN.com,Charlotte Observer, Fox Sports.com, newser.com, Minneapolis-St.Paul Star Tribune, Forbes Magazine. How long will it be before some enterprising reporter really digs into this and finds out what the scoop is? This is really going to get interesting. __________________ Greg Hill 4171 STK

02-01-2011, 11:36 AM	#149
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 68 Liked 279 Times in 68 Posts	Re: The IRS and NHRA, you gotta see this. An update on more media outlets picking up this story.USA Today,Greensboro News, abc news.com, Miami Herald, WBAY, Greenbay, North County Times in San Diego, Marin Independent Jouirnal, Bangor Daily News, Bloomberg News, Fresno Bee, Press of Atlantic City, Dayton Daily News, Columbia Daily Tribune, World News.com, NBC Sports.com, Gettysburg Times. __________________ Greg Hill 4171 STK

02-01-2011, 07:55 PM	#150
NewHemi Senior Member Join Date: Dec 2009 Location: Ohio Posts: 472 Likes: 0 Liked 1 Time in 1 Post	Re: The IRS and NHRA, you gotta see this. If they (the NHRA) think that the only way they can have enough expenses to balance revenue is by having management make $700K per year, obviously they are taking in WAY TOO MUCH MONEY, and PAYING people far more money than they are worth. Therin lies the problem. You pay too much in 1995, and then pay more in 1996, and more each year on up to 2010 and they keep raising racer costs to cover their annual raises. Maybe they are hoping Obama will try to give them a stimlus, or maybe someone else can give them an enema... David The New Hemi Guy