Posted on 12/04/2004 8:49:05 AM PST by Puppage
(Milford-AP, Dec. 3, 2004 10:50 PM) _ A Milford peace group has lost a long battle to keep its headquarters overlooking Long Island Sound.
Promoting Enduring Peace is selling its property after losing a court case last spring that began after city officials suddenly removed the group's 50-year-old property tax exemption as a nonprofit organization.
The city ended the exemption, saying the property was not used exclusively for charitable purposes because its executive director lived in the house.
Officials of the peace group say the sale of its headquarters will strengthen the group's finances and allow it to continue its work. It plans to move to New Haven.
Charity begins at home.
BTW, if the peace group is 50 years old (1954), it's probably a Communist front group.
Apparently, a waterfront home, at that.
No doubt
What about outsourcing the peaceniks?
"is selling its property after losing a court case last spring that began after city officials suddenly removed the group's 50-year-old property tax exemption as a nonprofit organization."
"The city ended the exemption, saying the property was not used exclusively for charitable purposes because its executive director lived in the house. "
As part of the Tax Exempt Compensation Enforcement Project, the Internal Revenue Service (IRS) intends to examine non-profit organizations (NPO), to learn more about the practices nonprofits follow as they fill out Form 990, the main public disclosure documents for charities and foundations, and whether accounting fraud and tax evasion is taking place, and whether the compensation of specific individuals is excessive and, and whether instances of questionable compensation practices may evade IRS, banking and SEC laws.
The IRS will examine NPO insider transactions, such as (1) loans, the (2) sale, (3) exchange or (4) leasing of property to non-profit officers and others. In particular, the IRS will look to see how organizations report (5) "excess benefit transactions" on Form 990, and (6) executive pay.
The IRS has received complaints that 501C's are being used to run just about every kind of off-the-books accounting fraud. In one case, the president of a non-profit organization was embezzling donations and was engaging in accounting fraud by having the NPO pay his entire apartment lease which was fraudulently booked on non-profit documents as a "business office."
When the incident was reported to the IRS, they agreed that documentation to prove the fraud existed, but that the IRS had the staff to investigate non-profit fraud solely in amounts totaling $100,000 or more.
The only way the fraud could have been stopped was to hire private attorneys to take the individual to court for fraud against the non-profit. However, the non-profit board walked away from it because they didn't have the personal resources to stop the fraud.
This is why our new congress should enact a bill making it illegal for any so called non profit to participate in any political action. Any non profit caught doing so, loses its non profit status for at least 10 years, and the directors and board members are eligible for jail terms.
Then part of the bill would be to have rigorous audits done by IRS and outside independent auditors.
A perfect example would be Friends of the River, Inc. and the American River Conservancy, Inc. acquiring land for corporate commercial whitewater rafting "put-ins/take-outs" and lobbying Congress against completing dams on the American River!
They need to paddle these rafter's butts, but good!!!
I'm all for it.
A lot of the fish kills on our rivers happen in the summer when the envirals get high releases of water for the white water rats on weekends and holiday weekends. After the rafting is over, the water goes down to summer flows, and the baby salmon and steelhead get caught in areas that go dry. They die and GW gets blamed.
We need to get in back of this and push it real hard.
They are not for peace, they just think we are fighting for the wrong side.
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