Set the Vermont legal standard for what constituted a tax exempt, non-profit.
https://www.sevendaysvt.com/vermont/how ... d=18201503
American Museum Fly Fishing 2018 article
American Museum Fly Fishing 2018 article
Mike N.
ORCA Founder, 1990
ORCA Founder, 1990
- Paul M
- Ultra Board Poster
- Posts: 2200
- Joined: Fri Feb 03, 2006 9:10 pm
- Location: Toronto, Canada
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Re: American Museum Fly Fishing 2018 article
That’s an impressive annual budget. I didn’t realize non-profits were also exempt from property taxes, at least in vermont. It must be nice for a little museum to own a million dollar property.
Paul Manuel
Member since 2006
Member since 2006
Re: American Museum Fly Fishing 2018 article
Paul— Essentially, all 50 states exempt non-profits from real estate taxes. See link below. That’s why hospitals and universities which consume a lot of public services like fire and police can be a drag on local budgets. Note, however, that a museum exhibiting old fishing reels is very worthy, in my biased view lol.Paul M wrote:That’s an impressive annual budget. I didn’t realize non-profits were also exempt from property taxes, at least in vermont. It must be nice for a little museum to own a million dollar property.
https://smallbusiness.chron.com/nonprof ... 61900.html
Mike N.
ORCA Founder, 1990
ORCA Founder, 1990
Re: American Museum Fly Fishing 2018 article
Couldn't agree more...However, in my humble opinion, defining "nonprofits" is a sick joke (like so much of corporate law). 27 CLASSIFICATIONS!? 501(C)(4,5,&6) shouldn't even exist, IMHO. 501(C)(7)?...another joke. 501(C)(13)!?a museum exhibiting old fishing reels is very worthy
Steve Vernon
ORCA Honorary member
Book: ANTIQUE FISHING REELS, 2nd Ed.
Websites:
Antique Fishing Reels
Kopf reels
Hendrick reels
"Plus ça change, plus c'est la même chose."
- Midway Tommy D
- Star Board Poster
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- Location: Eastern NE
Re: American Museum Fly Fishing 2018 article
Goodwill Omaha nearly lost it's property tax exemption over this fiasco. Scroll it all the way to the bottom. And McGree says Goodwill still owes him $550,000 in back severance. IMHO, way too many non-profits are used as a front to create high salary positions.
Love those Open Face Spinning Reels! (Especially ABU & ABU/Zebco)
Tom DeLong, NE
ORCA Member - 2027
Tom DeLong, NE
ORCA Member - 2027
- kyreels
- Super Board Poster
- Posts: 1147
- Joined: Mon Feb 06, 2006 6:12 pm
- Location: Louisville, Kentucky
Re: American Museum Fly Fishing 2018 article
Think we found a way to avoid taxes on Betty and Don's house in Frankfort, just need a few papers signed...
Seriously, it is interesting that 1000 members have a 750,000 annual budget. They are doing something right.
Seriously, it is interesting that 1000 members have a 750,000 annual budget. They are doing something right.
Matt Wickham
Collector of Casting Weights, KY Reels and KY Tackle
Collector of Casting Weights, KY Reels and KY Tackle
Re: American Museum Fly Fishing 2018 article
Did someone mention university football coaches?IMHO, way too many non-profits are used as a front to create high salary positions.
But...$1000 for a membership? I dunno how many pay that, but that would cover a lot of fly-fishing trips for the staff. And don't forget their auctions, dinners, etc. Just for the record, the estimated property tax in Manchester would require a massive budget increase of about 2.9%, though I agree the museum should remain tax-exempt.1000 members have a 750,000 annual budget
Steve Vernon
ORCA Honorary member
Book: ANTIQUE FISHING REELS, 2nd Ed.
Websites:
Antique Fishing Reels
Kopf reels
Hendrick reels
"Plus ça change, plus c'est la même chose."
- kyreels
- Super Board Poster
- Posts: 1147
- Joined: Mon Feb 06, 2006 6:12 pm
- Location: Louisville, Kentucky
Re: American Museum Fly Fishing 2018 article
The tiered membership makes sense to me. I think that 90% of membership will be at the lowest tier, paying the annual dues. But the Life members and the sustaining members that can afford to contribute to their organization are doing a tremendous service to others. We may not be able to afford lobbying congress or changing any law, but we can contribute $100 to sustaining an organization we value. I know that Steve has contributed far more than most members (including me).
The tiered membership pays for items like the website technology updates that are hard to justify and spread among all members. ORCA expenses are very low in general, but the cost of publications and the digital updates we need to be competitive and communicate are not trivial, and hard to pay for with regular dues amounts.
The tiered membership pays for items like the website technology updates that are hard to justify and spread among all members. ORCA expenses are very low in general, but the cost of publications and the digital updates we need to be competitive and communicate are not trivial, and hard to pay for with regular dues amounts.
Matt Wickham
Collector of Casting Weights, KY Reels and KY Tackle
Collector of Casting Weights, KY Reels and KY Tackle