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Old 04-11-2009, 06:03 PM   #1
Billy Nees
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Default Re: Quick "BITCHING"

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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Old 04-11-2009, 06:22 PM   #2
bill dedman
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Default Re: The King has NO clothes...

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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Old 04-11-2009, 08:39 PM   #3
Julie Jordan
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Default Re: Quick "BITCHING"

Quote:
Originally Posted by Billy Nees View Post
Jack, if NHRA dumps Sportsmen from their national events they will lose their not-for-profit status. Ask your accountant about that.
No they wouldn't. They still sponsor divisional races, youth programs, scholarship programs, blah, blah, blah.
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Old 04-12-2009, 04:39 AM   #4
Bruce Noland
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Default Re: Quick "BITCHING"

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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