RCU Forums - View Single Post - AMA and Education
View Single Post
Old 01-10-2005 | 08:34 PM
  #2  
Hossfly's Avatar
Hossfly
 
Joined: Dec 2001
Posts: 6,130
Likes: 0
Received 2 Likes on 2 Posts
From: New Caney, TX
Default RE: AMA and Education

What more can we do, as an organization, to live up to the educational IRS status we have? Should we just let the IRS revoke the status? As an organization, the AMA does not effectively, or efficiently solicit donations, which is probably the major advantage of the 501 (c) 3.
Glug,Glug, Glug, it's going over my head again and it ain't even a tsunami. The last sentence reads to me that because AMA is not effective or efficient in the area of soliciting donations, their ineptness is the major advantage of their tax-exempt status.

It's probably true that ineptness in the market place can be greatly assisted when one does not have to pay tax on those funds which he/she does obtain. In AMA's case the tax-exempt offers many more advantages than just their lack of abilities to properly function.

I don't think "we" will either "let" or prevent or in any way be considered when the IRS does revoke the 501 (c) (3) status. AMA is a fat cat just waiting for the IRS to flex its muscle. So few, so wildly scattered as the membership, and so few voters, AMA is an easy mark. OTOH, AMA is so unimportant in the scheme of things, maybe just the reverse and pay no attention to the microbe.

One thing that could effectively be accomplished if the EC had any strength, spelled b a l l s. That is to demand that the staff of Model Aviation return a minimum of 20% net profit from the magazine and that amount would be donated to those winners of the Scholarship Awards.

Another "Ain't gonna' happen!" [&o]