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Re: SPSC and IRS regulations #194657
05/01/06 11:14 AM
05/01/06 11:14 AM
Joined: Apr 2004
Posts: 57
M
myako Offline
 
myako  Offline
M
Why don't we just ask reaper to fly over the island and drop all of the SPSC money out for anyone who shows up to catch it. Sounds as ineffectual as some of the other odd suggestions. If the classrooms were completed that's great news for the kids who couldn't attend due to lack of room. Bywarren thanks for finally sharing that with all of us uninitiated dupes.

Re: SPSC and IRS regulations #194658
05/01/06 11:40 AM
05/01/06 11:40 AM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
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Ernie B Offline
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Ernie B  Offline
E
I inquired about the "New Classrooms" that Bywarren reported this morning, that have been completed. I was told this morning that they must be in a form visible only to bywarren. I think my friend, by, may have, again, made comments only he can understand and see things only he can see. I wish this thread would die, as I have more important things to do today, like mow the lawn.


Gun Control is Hitting Your Target.
Re: SPSC and IRS regulations #194659
05/01/06 11:57 AM
05/01/06 11:57 AM
Joined: Mar 2001
Posts: 2,721
Illinois, Arkansas,South Dakot...
bywarren Offline
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bywarren  Offline
Ernie, everyone who drives by the school can see the sign that says thanks to the Town Council and the Honerable Area Representative the classrooms have been completed at a cost of $65000.

Why do you persist in acusing others of lying while not answering the simple question as to why the money cannot just be given to the school?

This is one more example of questioning someones credibility when it is your credibility that is in question. I can see why you would like this thread to die.

Re: SPSC and IRS regulations #194660
05/01/06 12:12 PM
05/01/06 12:12 PM
Joined: Jan 2005
Posts: 4,294
Houston
travelqueen Offline
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travelqueen  Offline
bywarren, if it were you and you were able to do whatever you wanted with the funds collected, would you just hand over all of the money and report back that you "gave it to the school"? What would the members think of that?

The goal is still to try and build these additional classrooms that are much needed.

Re: SPSC and IRS regulations #194661
05/01/06 12:44 PM
05/01/06 12:44 PM
Joined: Oct 2004
Posts: 3,888
reaper Offline
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reaper  Offline
I'll drop all of the SPSC $$$ out of the plane...BUT...no questions asked when I show up with all new skydive gear right after!!!!! laugh

Re: SPSC and IRS regulations #194662
05/01/06 12:58 PM
05/01/06 12:58 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
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Ernie B Offline
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Ernie B  Offline
E
Thats what 'I'm' talkin bout!


Gun Control is Hitting Your Target.
Re: SPSC and IRS regulations #194663
05/01/06 01:11 PM
05/01/06 01:11 PM
Joined: Apr 2000
Posts: 4,268
Bellaire, Tx. and the World
Denny Shane Offline
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Denny Shane  Offline
Will someone, anyone please... either take a picture of the new classrooms or an empty lot? eek There are enough residents of AC that frequent this board which could do that for us. eek

Re: SPSC and IRS regulations #194664
05/01/06 01:29 PM
05/01/06 01:29 PM
Joined: Apr 2006
Posts: 163
San Pedro
K
kwalkpt Offline
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kwalkpt  Offline
K
I just walked by the school this morning. There are no new classrooms that have been built. The area where the new classrooms are going to be built was cleared in the fall. The sign refers to classrooms that were built a couple of years ago.

Re: SPSC and IRS regulations #194665
05/01/06 01:39 PM
05/01/06 01:39 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
E
Ernie B Offline
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Ernie B  Offline
E
Thank you Kwalkpt, I was going to say that sign has been up there for years, but, bywarren would not believe it if it came from me. Thanks again !

By, go take your meds.


Gun Control is Hitting Your Target.
Re: SPSC and IRS regulations #194666
05/01/06 01:43 PM
05/01/06 01:43 PM
Joined: May 2001
Posts: 476
Indianapolis, IN, USA
C
ChrisW Offline
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ChrisW  Offline
C
Pursuant to the Internal Revenue Code, “No part of the net earnings of an IRC Section 501(c)(3) organization may inure to the benefit of any private shareholder or individual.” “In addition, assets of an organization must be permanently dedicated to an exempt purpose."

Obviously, individuals benefit from non-profit organization. You can see it everday on the news. To say otherwise is goofy.

The point of the above is to make sure that the individuals that do benefit are choosen according to the exempt purpose of the organization. IE there is no problem using donated money to help an individual as long as the individual that is being helped was choosen according to the legitimate charitable purpose of the organization.

The IRS is simply trying to say here that that non profits can't use there money to line the pockets of friends, board members, family etc. I

I can't see how any of that applies to the fruit lady unless she is is decided how the SPSC money is being spent or she is friends/family with those that are deciding.

The only thing that might matter is how the SPSC charitable purpose was written up. Was it written as a generic "to help needy people in San Pedro" or as a more specific purpose like "to help school children in San Pedro"?

In any case lets call the Red Cross and ask them if they ever helped an individual and see what they say.... The we can report them to the IRS:)

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