[quote="nolan"]You made the statement:
[quote]If employees could be board members and run the organization
then all corporations would convert to not-for-profit status, just to
avoid the payment of taxes.[/quote]
You should explain what you mean. Corporations cannot convert to not-
for-profit status just because they want it, they have to meet the
IRS's requirements for the type of not-for-profit status they're
applying for.
And I don't see where employees being on the Board has any relevance
here.[/quote]
If you do not see the relevance, then kindly explain why every not-for-
profit corporation has a rule that employees cannot be a member of the
board.
Sam Sloan
Chess One - 29 Nov 2007 21:30 GMT
Jerry Hanken wrote:
> Sam knows the problems that are being dealt with. Mainly the pension plan
> for which this EB had no part in creating and the investigation of the
[quoted text clipped - 9 lines]
> have time to answer any more silly questions, Sam, give it a rest! Jerry
> Hanken
Yes, Sam Sloan's obsession is obvious, and it is indeed silly. OTOH, other
alternatives, like your own milieu are simply less evident perversions to
any topic of what progresses us.
No-one, it seems, in office, or in influence, has time to say what does
further us, since that would require transcending egos, and those who pull
the strings are already reaching for the dictionary.
Phil Innes
jkh001@aim.com - 30 Nov 2007 01:39 GMT
> [quote="nolan"]You made the statement:
>
[quoted text clipped - 15 lines]
>
> Sam Sloan
Already refuted. Somehow Sloan didn't get around to crosspostingit.
Mike Nolan wrote:
Not every not-for-profit has that rule, nor is it required under
Illinois law.
The Illinois Attorney General has a web page with advice for board
members of not-for-profits (http://
www.illinoisattorneygeneral.gov/ ... teers.html) which includes this:
"If a board member is also an employee, compensation can be paid
but the employee/board member should not participate in setting his or
her compensation."