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Old 09-19-2016, 06:49 PM   #1
Kevin Panzino
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Default Re: NHRA Stikes Again................

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Originally Posted by Jim Wahl View Post
Actually NHRA has not been a "not for profit" organization for many years. Everyone thinks it is but it is not. It is also self insured. Jim
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Latest tax return I found was 2014, and it sure was a non-profit 501c at that time. Did it change in 2015?\

http://pdfs.citizenaudit.org/2016_02...90O_201412.pdf

https://projects.propublica.org/nonp...ions/951686172

Mike, their cause is listed as "To preserve and promote the sport of drag racing and improve safety in the sport"

Last edited by Kevin Panzino; 09-19-2016 at 07:02 PM.
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Old 09-19-2016, 08:29 PM   #2
Jim Wahl
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Question Re: NHRA Stikes Again................

Quote:
Originally Posted by Kevin Panzino View Post
Latest tax return I found was 2014, and it sure was a non-profit 501c at that time. Did it change in 2015?\

http://pdfs.citizenaudit.org/2016_02...90O_201412.pdf

https://projects.propublica.org/nonp...ions/951686172

Mike, their cause is listed as "To preserve and promote the sport of drag racing and improve safety in the sport"
No, I don't think it changed recently. I may be wrong about being a 501c but I'm sure I read about it a few years ago before they tried to sell the NHRA. Jim

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Old 09-20-2016, 11:45 AM   #3
Julie Jordan
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Default Re: NHRA Stikes Again................

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Originally Posted by Jim Wahl View Post
No, I don't think it changed recently. I may be wrong about being a 501c but I'm sure I read about it a few years ago before they tried to sell the NHRA. Jim

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Their tax status hasn't changed, they are a 501(c)(6) tax-exempt organization. Their tax returns, showing this, can be found all over the web.
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Old 09-20-2016, 02:24 PM   #4
Tony Janes
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Default Re: NHRA Stikes Again................

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Originally Posted by Jim Wahl View Post
No, I don't think it changed recently. I may be wrong about being a 501c but I'm sure I read about it a few years ago before they tried to sell the NHRA. Jim

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NHRA is a 501c 6
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Old 09-20-2016, 04:57 PM   #5
Mike Jones
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Default Re: NHRA Stikes Again................

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Originally Posted by Kevin Panzino View Post

Mike, their cause is listed as "To preserve and promote the sport of drag racing and improve safety in the sport"

I don't know why, but I`m surprised that they are tax exempt...
I guess that could explain why there is no marketing push to put people in the seats at Divisionals
and I`m sticking with lawyers and accountants being in charge...lol

Mike A114
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Last edited by Mike Jones; 09-21-2016 at 07:09 AM.
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