The Mudcat Café TM
Thread #47525   Message #710311
Posted By: dick greenhaus
13-May-02 - 12:50 PM
Thread Name: Clarification on the Mudcat's financials
Subject: RE: Clarification on the Mudcat's financials
Kendall: dick can look like a fool without help from anyone.

Re: "tax exempt" in the "help the Mudcat" page. The phrase --perhaps an unfortunate choice--refers to the fact that contributions are not tax deductions. Both Mudcat and Digitrad are non-profit/not-for-profit/tax-exempt (in the sense that we are not called upon to pay taxes) corporations. The tax-exempt status is academic; neither organization has ever had any net income.