3 ms·
the forms in question are US non-profit declarations 990-T. The same data was released a second time, minus less than 2% of them. There are a lot of dark corne
by mistrial9 4y ago
the forms in question are US non-profit declarations 990-T. The same data was released a second time, minus less than 2% of them. There are a lot of dark corners in the USA non-profit world, in case you don't know it. The vast majority (a million?) of USA 990 non-profits are the sort of small time operation you might expect, but there is a tiger of a long-tail on that one. Many major hospitals and the US Football league NFL, are "non-profit" and would file the same forms.
- gumby 4y agoThe US Football league NFL also has an antitrust exemption so is deserving of public scrutiny.
- KennyBlanken 4y agoNCAA is predicted to go for antitrust exemptions as well as lobby for legislation to dump the requirement to pay student athletes - all things Baker is expected to do, leveraging his political connections as a former governor and figure in the republican party.
- dmonitor 4y agoI'm under the impression that the NCAA (or at least the schools) fought hard to legalize paying student athletes. Most big schools were illegally paying their players before it was allowed. if they wanted to spin off college football to a semi-pro league and let actual students play the game instead of "students" who get private tutors, sleep in a private dorm, have a private cafeteria, take exclusive classes, and generally don't interact with the rest of the student body, I would support this movement.
- yucky 4y agoI don't believe this is correct, which is why competing leagues pop up every few years. You might be thinking of Major League Baseball?
- gumby 4y agoA trust or monopoly doesn't prevent competitive companies forming, just makes it very hard for them to succeed. Baseball has an exemption due to a court case, though their hiring cartel was broken in the courts, resulting in free agency (same for NFL, with the Roselle(?) case). But the important one is all about the money: monopoly control over monetization of broadcast. I direct you to 15 U.S. Code § 1291 which you can read for yourself at https://www.law.cornell.edu/uscode/text/15/1291 https://www.law.cornell.edu/uscode/text/15/1291
- yucky 4y agoThat only applies to TV broadcasting rights agreements between teams, it's nothing like the actual league antitrust arrangement MLB has. This is why you always see competing leagues springing up in football, but not baseball.
- bmelton 4y ago> US Football league NFL, are "non-profit" This is not true now, and arguably never was (at least not with the intention it's generally applied). The NFL relinquished its tax exempt status in 2015, but even before that the NFL was not a 501(c)(3) but a 501(c)(6) (a trade organization) -- for interests of fairness (proven more necessary recently by actions of the Washington Commanders) the NFL collected ticket moneys and broadcast earnings and then distributed the money to the teams, where it was taxed. Without that, they'd have been taxed on the collection and on the disbursement, which would have meant that the teams were taxed twice. There are, to my opinion anyway, better reasons to be mad at the NFL than as a tax dodge, because they weren't ever particularly good at meeting the definition. https://www.snopes.com/fact-check/tax-season/ https://www.snopes.com/fact-check/tax-season/
- mistrial9 4y agodoes a 501(c)(6) file a form 990-T ?
- mistrial9 4y ago> This is not true now, and arguably never was you mean to say in your first breath that the 501(c) series of US IRS tax structures are not called "non-profit" but then in the next breath confirm that the NFL was in fact 501(c)(6) ? I do not say I was "mad" so, let's not include that as a summary of what I wrote, eh?
- bmelton 4y agoApologies for failing to quote the entirety of relevance. My statement isn't that they aren't a non-profit, but that their status as a non-profit isn't particularly suitable for inclusion in a case of "dark corners" of non-profit organizations. If that wasn't what you were trying to do, then I apologize for letting my confirmation bias get in the way of more accurately addressing the criticism.
- yieldcrv 4y agoFortunately my opaque non profit files a different 990