Usenet.com

www.Usenet.com

Group Index

Rec Thread Archive from Usenet.com

<-- __Chronological__ --> <-- __Thread__ -->

[META] OT? Volunteer Artists, Profits, Taxes, and Good Deeds



We have 2 sections of Oddhobby, that really should be not-for-profit
groups.  (Geek Floyd, and the FOO fan club)

We looked into it and found that the main difference between a
corporation and a not-for-profit is paying taxes.

So, here's my question: why are people willing to do volunteer work
for a company with a rich CEO who pays *no* taxes (because he's listed
as a not-for-profit)  rather than to volunteer for a small
corporation, doing a good thing, with a CEO who makes almost nothing,
and does pay taxes?

The CEO of GoodWill makes $500,000 per year.  

It just seemed odd to me, when they asked me to look into helping our
fans start a fan club and I learned that there's nothing really "holy"
about a non-for-profit group!  Now, in the case of Good Will, they do,
do good things.  But not all not-for-profit groups are charities.

Last year we gave away $500 in candy and made zero profits--so, it's
not what you do that makes you a non-profit group!

But hey, if it makes people feel better to know that we're not paying
taxes, far be it from me to argue.

It's an awful lot of paperwork, just to get out of paying taxes.  Has
anyone here done it?  Started a fan club etc.?  When was the last time
you volunteered for something?


Geek Floyd, doing good things, making no profit, but paying taxes
anyway!

www.geekfloyd.com 


Volunteers Needed:

http://www.oddhobby.com/OODP.html

Volunteers, Profits,  Taxes, and Good Deeds



<-- __Chronological__ --> <-- __Thread__ -->


Usenet.com



Please check out one of the premium Usenet Newsgroup Service Providers below for access to Usenet.