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#1 |
VIP Member
Join Date: Oct 2002
Location: On a hilltop in Pa.
Posts: 4,506
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Liked 7,865 Times in 1,750 Posts
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Jack, if NHRA dumps Sportsmen from their national events they will lose their not-for-profit status. Ask your accountant about that.
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Billy Nees 1188 STK, SS I'm not spending 100K to win 2K |
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#2 |
VIP Member
Join Date: Feb 2002
Location: Conway, AR
Posts: 1,739
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Is it possible that FINALLY, NHRA is going to find out what a "non-profit" ledger actually looks like???
How long will those suits stick around if this "not-for-profit" organization ACTUALLY fails to make a PROFIT??? Might be interesting to see... ![]()
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Bill |
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#3 |
Senior Member
Join Date: Dec 2001
Location: Modesto, CA
Posts: 648
Likes: 92
Liked 591 Times in 102 Posts
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No they wouldn't. They still sponsor divisional races, youth programs, scholarship programs, blah, blah, blah.
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Julie Jordan 7549 STK |
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#4 |
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Join Date: Jun 2002
Posts: 1,855
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Liked 444 Times in 145 Posts
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Julie,
They are paid to run divisional races. A non profit attorney from California (also an accountant) said they would have an awful lot of explaining to do to the IRS if they went Pro Show only. He had spent some time reading Wally's 5 page Charter.
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Bruce Noland 1788 STK |
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