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@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?
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