On May 7, 2008, at 5:10 PM, james blesdoe wrote:
HECK NO!!!
You sell them as you see fit. Nonprofit means you can't enrich your self, but your organization is supposed to make a profit In this economy that is becoming easier all the time -at least at the Bicycle Kitchen that is the case.
roll on
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
_______________________________________________
Thethinktank mailing list
Thethinktank@bikecollectives.org
http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.org
Be a better friend, newshound, and know-it-all with Yahoo! Mobile. Try it now._______________________________________________
Thethinktank mailing list
Thethinktank@bikecollectives.org
http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.org