<VV> More on Idea number 1

Dave Keillor dkeillor at tconcepts.com
Sun Feb 15 19:02:49 EST 2009


>If CORSA isn't already a 501 (c) (3) non profit, a whole
>bunch of people on the BoD are asleep at the switch, and
>that goes back a long time.
>
>Hank

Before bad-mouthing the board on this issue, read the book (available
online from the IRS) on what it takes to qualify as a tax-exempt
charity.  I've done the paperwork for such an organization
(car-related), and I don't think you will find a way you can get a car
club past the IRS.  The endowment still works, but not as a tax-exempt.

Dave Keillor
 



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