AHFS details

Greg Hill · 08-17-2009, 12:29 PM

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.

08-17-2009, 12:29 PM	#34
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 69 Liked 279 Times in 68 Posts	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. __________________ Greg Hill 4171 STK