floridayankee
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Post by floridayankee on Apr 4, 2011 9:06:02 GMT -5
Sure, if you have on your wondrous liberal blinders...... Madrassa teacher molests 13-yr-old student; arrested in UP Female teacher arrested for 9 flings with student Teacher arrested in student sex case - SignOnSanDiego.com Teacher-Student Love Gets Woman Arrested | NBC Chicago Bellevue teacher arrested for sex with student - Wire - State Teacher Arrested for Sex With Student - U.S. & World - FOXNews.com Teacher Accused Of Having Sex With Student Arrested - Central ... Teacher arrested for sex with student in Catalina HS classroom ... Teacher To Student: "You Were Good" | The Smoking Gun
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floridayankee
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Post by floridayankee on Apr 4, 2011 9:08:41 GMT -5
Can you spell Peace Corp? Sure P - E - A - C - E C - O - R - P - S - E Spelling...the Obama Way
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Deleted
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Post by Deleted on Apr 4, 2011 9:09:37 GMT -5
Are all of those separate cases? You can't really tell from your clips. Do you really want people to list the cases of preists with children? And the cover ups that were allowed to occur?
I do not think that all teachers or all priests are molestors... but then doesn't this go back to holding the INDIVIDUALS accountable... and not the religion? Something you all seeming willing to do for Christians/Catholics... but not for Muslims...
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floridayankee
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Post by floridayankee on Apr 4, 2011 9:19:37 GMT -5
Are all of those separate cases? You can't really tell from your clips. Don't know...just page one from google out of 480k hits. Have at it. I don't deny they happen unlike the political biased class that only looks at info that backs their illogical conclusion like above. Nor do I. Sure it does....but I'm not the one making the absurd claim about breeding grounds for child molesters either.
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Bluerobin
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Post by Bluerobin on Apr 4, 2011 10:24:30 GMT -5
The old logic used to be "your religion will be tax free and so will mine." Now, many have no religion, so the tax free status of religions must end. They do make profits, so they can't really be considered charitable either.
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Post by ed1066 on Apr 4, 2011 12:27:47 GMT -5
Can you spell Peace Corp? Sure P - E - A - C - E C - O - R - P - S - E Spelling...the Obama Way LOL! Karma for you!
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floridayankee
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Post by floridayankee on Apr 4, 2011 12:32:00 GMT -5
The old logic used to be "your religion will be tax free and so will mine." Now, many have no religion, so the tax free status of religions must end. Some get a child tax credit while the childless do not. It's all a matter of choice. Our VFW legally makes a profit off beer/wine/liquor sales in the canteen and dinner sales in the hall and is still considered a charitable organization. Same with the Moose, the Eagles, American Legion, AmVets, etc.... I'd imagine all charitable organizations make a profit at one time or another. Profit has no bearing on whether or not an organization is considered charitable.
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Post by ed1066 on Apr 4, 2011 12:38:05 GMT -5
Very true. A lot of large corporations sometimes make profits, but liberals want them to act like charitable organizations...LOL!
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Bluerobin
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Post by Bluerobin on Apr 4, 2011 13:04:38 GMT -5
Yes, profit does have a bearing on non profit status!!! Think about it.
I was in an organization that inherited a house next to our building. There was a tenancy for life tenant, who paid rent. Because of this profit, we had to drop the rent or lose our status.
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floridayankee
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Post by floridayankee on Apr 4, 2011 13:10:49 GMT -5
Yes, profit does have a bearing on non profit status!!! Think about it.
I was in an organization that inherited a house next to our building. There was a tenancy for life tenant, who paid rent. Because of this profit, we had to drop the rent or lose our status. Despite how the name sounds, non-profits can and do sometimes make a profit. Non-profit corporations, unlike other forms of business, are not designed to make money for owners or shareholders. Instead, non-profits are formed to serve a government-approved purpose, and are accorded special tax treatment as a result. Whether or not the profit a non-profit makes is taxed is based on whether the profit was generated from activities that are "related" or "unrelated" to the non-profit's purpose. smallbusiness.findlaw.com/business-structures/non-profit/non-profit-earning-income.htmlaka...your profit on the rent was unrelated, taxable income. You wouldn't have lost your tax exempt status on related business, but you would have been taxed on the unrelated profits.
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verrip1
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Post by verrip1 on Apr 4, 2011 13:43:08 GMT -5
Bah! There are already taxes on profits from business activities that churches undertake. Therefore much of the wailing and moaning on this thread is just bullshit.
These posts do demonstrate how some people think:
1) They want to tax wealth. Not income. Not spending. But wealth. That is scary. 2) They want to penalize churches. Just because they are churches. That is scary. 3) They think that the fiscal problem with government is that it is not collecting enough revenue. That is scary.
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Deleted
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Post by Deleted on Apr 4, 2011 14:10:44 GMT -5
Non profits can bring in money... but they need to then in turn put out money to the causes for which they are developed... ie. Yes, they can fund raise and bring in more than then spend on the event (ie. the event turns a profit)... but those monies go to fund their projects... a non-profit is not allowed to just build up and retain a large reserve...
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thyme4change
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Post by thyme4change on Apr 4, 2011 14:35:06 GMT -5
Not for profit organizations do not have shareholders and do not redistribute profits to shareholders. They can have profit - then can keep that money in the bank - they just can't give it to their founders or something. legal-dictionary.thefreedictionary.com/Not-for-profit+corporationnonprofit corporation n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. A nonprofit corporation (also called "not for profit corporation") is formed by incorporators, has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation.
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Bluerobin
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Post by Bluerobin on Apr 4, 2011 14:42:26 GMT -5
My organization was a volunteer fire dept, and we were threatened with loss of tax free status. We let them live out the agreement rent free. Churches should have to pay. It is only fair.
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floridayankee
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Post by floridayankee on Apr 4, 2011 15:03:42 GMT -5
Non profits can bring in money... but they need to then in turn put out money to the causes for which they are developed... ie. Yes, they can fund raise and bring in more than then spend on the event (ie. the event turns a profit)... but those monies go to fund their projects... a non-profit is not allowed to just build up and retain a large reserve... Are you sure about that. I think it was American Cancer Society had a fund balance of $400 million or so. There are a lot of non-profits with large fund balances in hopes the interest eared will be sufficient to fund their operating expenses. Foundations are the wealthiest of all non-profits by a wide margin. I believe the Gates Foundation is valued in excess of 35 billion.
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Bluerobin
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Post by Bluerobin on Apr 4, 2011 15:07:37 GMT -5
FY, yep. That could be a trust. We were told owning something and making money on it was evil!!! That's ok the tenant put us in his will.
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floridayankee
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Post by floridayankee on Apr 4, 2011 15:17:24 GMT -5
My organization was a volunteer fire dept, and we were threatened with loss of tax free status. We let them live out the agreement rent free. Churches should have to pay. It is only fair. You were probably told that because rent could be a rather large percentage of your VFD income. Taxable, unrelated income is usually a small percentage of overall income for a non-profit. To avoid losing tax exempt status, a non-profit should:
* Keep any unrelated activities that generate profit small * Avoid spending staff time on unrelated activities * Never hire someone dedicated to performing the unrelated activities
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Mad Dawg Wiccan
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Post by Mad Dawg Wiccan on Apr 4, 2011 16:26:24 GMT -5
Most people don't really understand nonprofit. I even saw one moron claiming employee salaries are "profit".
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handyman2
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Post by handyman2 on Apr 4, 2011 21:13:12 GMT -5
Non-profit and not for profit organizations are not the same. Examples; A non-profit hospital does in fact make a profit, however they do not pay stock holders. The profit must be used for modernization, equipment purchases, salaries cover charitable cases. Now a not for profit hospital is one that there is no profit but funded by government like the Va's or military units or hospitals run by the Shriniers etc that depend entirely by donations. Hospitals run by private stockholders are the for profit units and do pay a dividend. Today any non-profit or for profit hospital is lucky to make a return of 5 to 7% on investment.
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Deleted
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Post by Deleted on Apr 4, 2011 21:19:43 GMT -5
"The profit must be used for modernization, equipment purchases, salaries cover charitable cases." So you have to spend the 'profits' on the actual goals of the organization... See... in our business, when we spend the money that comes in on equiptment, salary, materials, charity, etc... it actually doesn't get counted as a 'profit' ....
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Mad Dawg Wiccan
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Post by Mad Dawg Wiccan on Apr 4, 2011 21:29:22 GMT -5
"The profit must be used for modernization, equipment purchases, salaries cover charitable cases." So you have to spend the 'profits' on the actual goals of the organization... See... in our business, when we spend the money that comes in on equipment, salary, materials, charity, etc... it actually doesn't get counted as a 'profit' .... Nor does it in ANY business. Some people are just too stupid to see any difference. Like I said, some are even so moronic as to label salaries as "profit".
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floridayankee
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Post by floridayankee on Apr 5, 2011 7:50:57 GMT -5
See... in our business, when we spend the money that comes in on equiptment, salary, materials, charity, etc... it actually doesn't get counted as a 'profit' .... It's likely counted as gross profit but not net profit.
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Deleted
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Post by Deleted on Apr 5, 2011 8:33:04 GMT -5
Its counted as gross INCOME... but not profit...
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