AHFS details - Page 8

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.

Ed Wright · 08-17-2009, 12:34 PM

You guys need to be nicer to Bobby.

Chuck Norton · 08-17-2009, 12:39 PM

[QUOTE=Jeff Teuton;135242]Chuck, you really think Bobby Brannon is in control of his faculties?

Normally, having written on a topic, I'd have already moved on to new musings but, in this instance I feel an obligation to respond directly to a direct question:

I don't know Bobby Brannon as well as do you, but I think we're at a level that would justify my introducing him as a "friend and competitor." On all occasions that we've had conversations I have found him to be the epitome of a southern gentleman in the way that I've understood the term for the last fifty or sixty years. He is courteous, polite, and accommodating. I no reason to believe that he is not an upstanding citizen.

That's enough said.

In retrospect, Chariie Manson was a frat brother, too. Perhaps I'm not discerning enough in choosing "friends." Who knows?

c

Chuck Norton · 08-17-2009, 12:45 PM

Quote:

Originally Posted by Greg Hill

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.

Q1. how do they keep their non profit status?
A1. Hell, I'm just a retired school teacher. Ask Julie Jordan. She's an accountant and more informed in these things. All I know is that they've had good legal minds on the staff for many years and no one has been able to break down the walls even though it's been tried.

Q2. I wonder if the IRS has had a look lately?
A2. I doubt it. They're too busy questioning my racing expenses.

Statement 1. I guess my whole point is that if the management owns NHRA they stole it.
Response 1. No comment. See A1.

c

RPinoski1 · 08-19-2009, 11:12 PM

Any news on the interpretation of the "New AHFS Rule" or is it as now written?

08-17-2009, 12:29 PM	#71
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

08-17-2009, 12:34 PM	#72
Ed Wright Veteran Member Join Date: Mar 2005 Location: Sand Springs, OK Posts: 8,132 Likes: 896 Liked 390 Times in 170 Posts	Re: AHFS details You guys need to be nicer to Bobby. __________________ Ed Wright 4156 SS/JA Last edited by Ed Wright; 08-20-2009 at 09:32 AM. Reason: Spelling

08-17-2009, 12:39 PM	#73
Chuck Norton Member Join Date: Dec 2001 Location: Covina, CA Posts: 474 Likes: 114 Liked 89 Times in 19 Posts	Re: AHFS details [QUOTE=Jeff Teuton;135242]Chuck, you really think Bobby Brannon is in control of his faculties? Normally, having written on a topic, I'd have already moved on to new musings but, in this instance I feel an obligation to respond directly to a direct question: I don't know Bobby Brannon as well as do you, but I think we're at a level that would justify my introducing him as a "friend and competitor." On all occasions that we've had conversations I have found him to be the epitome of a southern gentleman in the way that I've understood the term for the last fifty or sixty years. He is courteous, polite, and accommodating. I no reason to believe that he is not an upstanding citizen. That's enough said. In retrospect, Chariie Manson was a frat brother, too. Perhaps I'm not discerning enough in choosing "friends." Who knows? c

08-19-2009, 11:12 PM	#75
RPinoski1 Member Join Date: Jan 2002 Location: PLACERVILLE, CA Posts: 182 Likes: 0 Liked 0 Times in 0 Posts	Re: AHFS details Any news on the interpretation of the "New AHFS Rule" or is it as now written?