The Mudcat Café TM
Thread #47525   Message #709819
Posted By: IvanB
12-May-02 - 09:18 PM
Thread Name: Clarification on the Mudcat's financials
Subject: RE: Clarification on the Mudcat's financials
Rita, the statement about Mudcat and DT being 'registered non-profit organizations is on the Mudcat Home Page, a page few of us probably see since I believe most of us have the Forum bookmarked rather than the home page.

I believe IRS would consider both the term "non-profit" and "not for profit" synonymous in determining tax exempt status. However, Guest seems to be operating under a perception that being tax exempt automatically makes an organization a charity and thus subject to laws regarding charities (more specifically, the Pennsylvania act). While the solicitation provisions of the act may certainly apply, my perusal of it shows no transgression on the part of Mudcat or the DT. I believe it's been made pretty clear to us that any donations made will be used to keep Mudcat running and that they are not, in fact, charitable contributions.

Either Guest is too hard-headed to note this fact or, as I believe, is purposely raising this issue to suit some agenda of his/her own. And, Guest, before you berate me again for the discrepancy between the home page and the funding page, let me state my belief that the term "tax exempt" as used on the funding page is an honest mistake in choice of words. I believe what Max intended to say was that Mudcat cannot afford to get "tax deductible" status, a status that is much harder to get than tax exempt status. If I'm wrong about this, I'll be the first to admit my error. And, unlike you, if that happens, I will have some accountability.