Joe wrote:PDad wrote:tcannizzo wrote:PDad wrote:As a not-for-profit organization, I expect ASA to look out for its members. They should be held to a higher standard than for-profit businesses like NASCAR. As the NGB of softball that aspires to hold THE national championship, they should be concerned about affordability for participants.
If you know anything about business, "not-for-profit" is only a tax status; not the way you run the show.
I know quite a bit about business - I'm able to effectively interact with controllers, CPAs and CFOs along with all types of operational management. NFPs are run differently because there are limitations in the amount of money they can carry over from year to year. Stockholders don't like it when their publicly held corporation is run like an NFP.Whether it is the AMA, Red Cross, Boy's Clubs/Girl's Clubs, et al, they are running a business, and like any business they need to be profitable if they are to continue as an organization.
Hmmm, notice all those organizations have something in common - like existing for the benefit of its members or a cause rather than just to make money. They get most of their money from corporate sponsors and private donors - not by selling an opportunity to make money off the members they're supposed to be benefitting.
NFPs need to bring in enough money to cover their expenses, hopefully reasonable ones, and the rest is supposed to be for the benefit of its members and/or cause.Out of curiosity, would you care to extoll the virtues of NASCAR? The "sport" that was born of rum-runners in competition? Unless the higher standard you are referring to is the proof/% of alcohol in their product.
You need to ask MTR about NASCAR's virtues - he's the one that keeps bringing them up as a justification for the high hotel rates. As for higher standard - you got it backward - I said I hold ASA to a higher standard than NASCAR.
tcannizzo...schooled
Around here they call it edjumacated.
My point is that there are many non-profits/charitables that are surrounded with controversy.
That being said, why don't you offer some expert analysis of the ASA's IRS Return for 2010.
Don't have it handy?
Download it here: http://downloads.asasoftball.com/about/pdf/tax-2010990-T.pdf