[TheThinkTank] Fancy Parts

[Chris Dougherty]

I think you are confusing paying sales tax vs. paying tax on your  
income. Tax exempt status does not exempt you from sales tax.

- Chris

On May 7, 2008, at 4:06 PM, james blesdoe <jamesbleds0e at yahoo.com>  
wrote:

> I think we need to be carful here.  The Hummain society can sell any  
> thing dogs and/or mugs. Dogs go to sopport their mission and are  
> untaxed.  Mugs are unrelated bussines (do not support their mission)  
> and therefore are taxable!!!
>
> some help here from  the LAW guys  ???
>
> veganboyjosh at gmail.com wrote:
> IANAL and all that, but it's my understanding that as a non-profit,  
> you can sell whatever you want. as long as selling stuff isn't part  
> of your main mission, or it doesn't conflict with that mission, then  
> it's all good...
>
> humane society can sell mugs and sweatshirts, but not dogs.
> red cross can sell bookmarks and keychains, but not blood.
>
> by "sell", i don't mean charge for. each of the examples above has  
> fees associated with their services, but they don't turn a profit on  
> it, or else it would conflict with their doing their mission, and  
> create a situation where that's the main goal of the group is to  
> earn money...etc.
>
>
>
> On Wed, May 7, 2008 at 3:45 PM, ronald ferrucci <ronald.ferrucci at gmail.com 
> > wrote:
> I am not sure on the legality for 501c3s, but at least ethically there
> should be no problem. No one is making a profit off the additional
> income. Hell, we are lucky to ever be out of the red as it is most of
> the time. If you have something that you have that you can sell at a
> premium in order to help pay rent and utilities or fund various
> programs, by god do it. That is where most of the 'income' of most
> groups go to anyway. And as someone who has been used to working with
> negative profit groups, I can appreciate the idea of less money coming
> out of my pocket. Just consider it an easier way to keep the program
> afloat. anyone have the inside scoop on legalities?
>
> On Wed, May 7, 2008 at 11:00 PM, Erik Stockmeier  
> <estockme at gmail.com> wrote:
> > Question!
> >
> > What the heck does everybody's shop do with fancy items of special  
> worth to
> > collectors?  For example... perhaps you come upon a donation of  
> half a dozen
> > 70s unused campi sidepull break sets.  Your stock of breaks is  
> full, so
> > throwing them in the bin or selling them for 5$ or shlepping them  
> on a
> > Roadmaster seems like a waste.  Is it ethically ok for a non- 
> profit to
> > occasionally indulge collectors as a source of surplus income?   
> What about
> > legally for a 501c3?  Is it necessary to launder them through a  
> "buyer" who
> > sells them at profit and donates the difference?
> >
> > Erik
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> >
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