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Non-profit (was:Markland)

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  • Melanie Cozad
    Hi all, Quick nit-pick here because it seems a LOT of people misunderstand the non-profit designation. Being a non-profit organization (501c3) does not mean
    Message 1 of 4 , Mar 29 9:01 AM
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      Hi all,

      Quick nit-pick here because it seems a LOT of people misunderstand the
      non-profit designation.

      Being a non-profit organization (501c3) does not mean that the
      organization cannot make a profit. What it means is that the
      organization does not have shareholders among whom the organization
      distributes profit.

      SCA groups should be encouraged to have a bit of money in their bank
      accounts so they're able to do things like pay security deposits for
      sites of future events, etc.

      Cheers,
      Melissent
      Chancellor of the Exchequer
      Barony of Ponte Alto


      On Tue, 29 Mar 2005 10:59:23 -0000, Kass McGann
      <historian@...> wrote:
      >
      > Close but no cigar. Markland enjoys the same non-profit educational
      > status as the SCA. Profit or non-profit doesn't have anything to do
      > with being paid for demos. Some SCA groups get paid for demos too.
      > You just cannot make a profit.

      --
      Melanie Cozad
      Lady Melissent d'Artois [Barony of Ponte Alto, Kingdom of Atlantia, SCA]
      Milicent Chapman [Lord Grey's Retinue, 15th C. Living History]
      melaniesuzanne@...
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