“Nonprofit” Does Not
Mean “No Money”
The Internal Revenue Service’s regulation of nonprofit
organizations was a major topic in the news recently, and that’s quite
unusual. Apparently, an IRS manager
instructed some of his staff people to pay particular attention to tax
exemption applications from groups with politically-related words in their
names, such as “tea party”, “patriot”, and “progressive”, to be sure that they
were genuine. Yes, folks. It worked both ways. Republicans in Congress were enraged about
the ghastly “Obama scandal”.
Recent news reports claimed that the IRS targeted extra scrutiny to
conservative groups applying for nonprofit tax exemptions. It was much ado
about nothing. But it’s time to clarify nonprofits’ legal status and their social
roles in our culture.
Before that, for more than a year, teapartiers and other
conservatives had jumped up and down, screeching and wailing about how much
they hate that horrible
“Kenyan-Nazi-Marxist-socialist-dictator-Muslim-terrorist pal”, Barack
Hussein Obama. They battled for
camera time to see who could post the most outrageous insults about the
President of the United States of America.
And then, suddenly, they all applied for tax exempt status for their
“nonpartisan, non-political, social welfare organizations”. Uh huh.
“Nonprofit” doesn’t just mean that you’re not making money.
An organization is not “nonprofit” just because its managers say so. Thousands of state and federal regulations
control the business of nonprofit corporations. These are just the basics.
Read More …http://voices.yahoo.com/article/9907276/nonprofit-organizations-myths-facts-12206714.html?cat=17
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