Re: [AlpacaTalk] Re: response to Heather's request for information
And according to the independent auditor's assessment of the value of
the lease value, they said it was more like $34000 per year, not the
$70-80000 claimed by the building's owners.
Heather
On Jan 11, 2008, at 6:21 PM, gatewayfarm wrote:
> --- In AlpacaTalk@yahoogro
> <stardustalpacas@
> >
> > My original question was "Are a few people in AOBA benefiting more
> than the rest of the membership?" If so, the tax laws have been
> broken. To qualify for non-profit status, a certain person (people)
> cannot benefit more than others.
> >
> > Tax write-offs for donating office space to AOBA is benefiting
> certain people.
> > The benefactor program that excludes (due to the cost) most of the
> membership is benefiting certain people.
> >
> > The question is not whether it was generous of you, Libby. The
> question is whether is was legal or not. The answer to me, is no it
> wasn't legal. That is the whole subject on AOBA. Is it conducting
> itself in a legal manner?
> >
> > AOBA has over $1 million in CD's in the bank. AOBA really could
> afford to pay its own rent.
> >
> >
>
> Stephanie, a million dollars is really not very much (although I
> would like to have it in my bank account!).
>
> I think that the free rent benefitted the entire membership equally.
> I don't think it was illegal.
>
> It did, in my opinion, create a conflict of interest (remember, the
> conflict is in the perception, and exists regardless of unethical or
> illegal actions).
>
> In balance, I think the donation of the rent reflected both
> generosity and poor judgment in the same breath. Thought so at the
> time, and given this discussion I think so even more now.
>
> John Merrell
> Gateway Farm Alpacas
> http://www.gateway-
> Alpaca, a natural elegance...
[Non-text portions of this message have been removed]
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posted by Chaddo at 6:43 PM
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