Nhra and the cash cow

[Larry Hill]

Artical IV.
Directors

Number and Term of Directors: The buisnes, prroperity and affairs of this corporation shall be managed by a Board of Directors composed of three (3) [changed to nine (9) on January 7, 1956] members who shall be members of this corboration. Each Director shall hold office for the term for which he is elected and until a successor is elected. Vacancies in the Board of Directors shall be filled by appointment made by the remaining members of the Board of Directors. Each person so appointed shall serve as Director until his successor is elected at an annual or special meeting of the members.

[FED 387]

ATTN Larry hill---makes for interesting reading where or how did you find the NHRA info?????---Inquiring minds want to know---Comp 387

[Clayton Wright]

Originally Posted by boster58

According to that language we need a special meeting of the members ( which should be those who pay a membership fee) called for by the members ( those who pay a membership fee ) to discuss the current leadership of NHRA. The members should demand a voice on the board and demand regular elections of board members . The members have the power if we start to use it. Members do not have to be treated unfairly or talked down to by the leadership. If any sportsman racer calls Tom Compton , Gram Light or Danny Graica they will not return your calls . They are to good to talk to the people who pay there salaries. Sounds like they consider themselves to be above the members( those who pay a membership fee ) who they should be serving .

I have called all of the above and none of them have returned one call. My attorney has made several request of NHRA council Linda Louie to address some of my concerns with the action of NHRA and she to as also declined to return a phone call or email.

I think the members of NHRA should start a petition for NHRA board members to hear the concerns of the membership.


Bo Kenney
NHRA Member # 1273

Sounds like our elected officials in Washington doesn't it. No accountability.

[A100]

We are a long way from yearly membership being $2 a year.

Bill, I sorta remember something similar. Seems like after the M/P protest at Indy, NHRA laywers must have gone over the incorperation papers amd saw a possible problem. I think that fall NHRA sent out a proxy to solve their problem. If you didn't send it back, NHRA got to vote for you.

Wish someone would go thru the official records NHRA has filed in LA county and find out what rights we acually have. Looks like Larry has a good start.

[Bruce Noland]

I'll try to dig up some of my old research on this outfit. I have some of their charter stuff and legal materials that were given to me by a California non profit lawyer. It's been awhile but I seem to remember him saying something about challenging the take over by Wally & Co.

[Larry Hill]

We have a copy of the tax return (Form 990) for NHRA for 1992 and 1993. We also have the By-Laws and Articles of Incorporation plus a few other forms. The reason we have these is that Larry got mad at NHRA in 1995 after he had been running the little red Chevy pick-up truck for a year (before AHFS). In that year, the truck had been given 30 horsepower and the index dropped 1 second ( not a tenth, but 1 full second). So he wrote and requested these forms. He was so pissed off that he didn't race for about a year, but then I remember a talk he had with Stan Perry something to the effect that "it's their ballgame and you can stay mad if you want to, but if you want to do what you truly enjoy doing, just suck it up". Those were not the exact words, but he got the meaning! So we have been racing ever since. We still have all these forms and I will bring them with us to Memphis this weekend if anyone wants to see them. I don't think Larry plans on doing anything with them, but after all these last increases in fees, it just brought back some bad feelings.

Look us up at Memphis if you want to see these.

Patsy

[Ed Fernandez]

Originally Posted by Larry Hill

We have a copy of the tax return (Form 990) for NHRA for 1992 and 1993. We also have the By-Laws and Articles of Incorporation plus a few other forms. The reason we have these is that Larry got mad at NHRA in 1995 after he had been running the little red Chevy pick-up truck for a year (before AHFS). In that year, the truck had been given 30 horsepower and the index dropped 1 second ( not a tenth, but 1 full second). So he wrote and requested these forms. He was so pissed off that he didn't race for about a year, but then I remember a talk he had with Stan Perry something to the effect that "it's their ballgame and you can stay mad if you want to, but if you want to do what you truly enjoy doing, just suck it up". Those were not the exact words, but he got the meaning! So we have been racing ever since. We still have all these forms and I will bring them with us to Memphis this weekend if anyone wants to see them. I don't think Larry plans on doing anything with them, but after all these last increases in fees, it just brought back some bad feelings.

Look us up at Memphis if you want to see these.

Patsy

If I'm not mistaken that truck was capable of going 6 months under the index.Correct me if I'm wrong.


Ed F,

[Julie Jordan]

The 2007 tax returns are posted on dragracingonline website. They post the returns each year. The 2008 returns aren't due with IRS until next month.

[Ed Fernandez]

Opinions are like *%&holes,everybody has one.The only way to get to the bottom of the matter is to have a corporate lawyer and or accountant look over the corporate papers for anything to nail them on as far as when they proxied the association vote. End of story.Everything else is speculation,and you know how far that will go in a court of law.
Don't we have some lawyers in out midst?

Ed F.