Re: Troop Funds
Linda Gremillion (lgremil@TENET.EDU)
Tue, 25 Apr 1995 12:11:39 -0500
On Mon, 24 Apr 1995, Lewis P. Orans wrote:
> If you read the fine print, you may be saddened to learn that though Josh's
> reasoning may not be the exact factual basis (it is not a matter of the Tax
> Status that is in question), your Charter is quite clear. When I was a
> Scoutmaster in NY, we had our own Tax Exempt #. We were not a corporation.
> Regardless, the Charter from the National Council is to your Sponsor. They ow
> the gear, the flags, the whatnot and all. Rarely is this an issue... However,
> when a troop folds, that is where the ownership resides.
> Yours in Scouting
> Lew Orans
> Sam Houston Area Council
> Houston, Texas
I agree. I will attempt to put together some notes this week or next on
ownership, "legal entity" and "exempt organization" questions, and
related tax matters. I'll make it available for comments and criticism.
LLM - Taxation
Terry Howerton Sakima Group, Inc. SCOUTER Magazine Kansas City