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Originally posted by Unregistered View PostNot true, the 990 does not provide donate info (surprisingly). However, a visit to the BS office would becwarranted, and where that info is required to be stored.
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Originally posted by Unregistered View PostBeachside’s 2015 Form 990 shows an approximate 60% increase in “public support”as compared to 2014 - up from $700,000 in 2014 to $1,100,000 in 2015.
http://990s.foundationcenter.org/990...201512_990.pdf
However, it doesn’t seem correct that the IRS came to a Beachside practice. The IRS has all of the info it needs regarding Beachside’s donors and thus can reach out to these insdividuals directly and discreetly. It seems more likely that the “investigator” was someone hired by the consortium of parents, as the parents don’t know how much other parents gave and therefore would need means to find these donors and the amounts donated..
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Originally posted by Unregistered View PostNot true, the 990 does not provide donate info (surprisingly). However, a visit to the BS office would becwarranted, and where that info is required to be stored.
GENERAL RULE
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
SPECIAL RULES
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000; or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h; or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor, during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
Depending on Beachside’s approved IRS tax-exempt status, it is required to disclose to the IRS donors whose total donations in a fiscal year were in excess of $5,000 or, in certain cases, in excess of $1,000. I doubt that the IRS is going to a Beachside practice to talk to people who donated $500. It’s not worth their time.
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Originally posted by Unregistered View PostThanks for providing this but who’s the Carl Mcnair person ? I thought MK was the main guy.
The current Board was formed in 2014. All its members are volunteers, alumni, or parents of alumni. None are parents of current players.
https://beachsidesoccer.org/the-beac...ry/governance/
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Unregistered
Originally posted by Unregistered View PostForm 990, Schedule B: Schedule of Contributors. www.irs.gov/pub/irs-pdf/f990ezb.pdf
GENERAL RULE
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
SPECIAL RULES
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000; or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h; or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor, during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
Depending on Beachside’s approved IRS tax-exempt status, it is required to disclose to the IRS donors whose total donations in a fiscal year were in excess of $5,000 or, in certain cases, in excess of $1,000. I doubt that the IRS is going to a Beachside practice to talk to people who donated $500. It’s not worth their time.
Was there a fundraiser for a facility
Was it built
Were you asked to donate
Did you receive any service in kind for your donation
Who is your contact person at the org
Do you know other families at the org that you could refer
There's a lot you can learn, quickly, by just talking to customers, suppliers, etc.
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Question: if any of this is true, why were they keeping the donated money? The project fell through. Its unlikely they have identified a replacement project. Isn't it just common sense and decency to return the money? Doesn't the board have lawyers and tax people to advise them on this? It's puzzling and it makes me doubt the veracity of this claim.
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If anyone on here is truly working with IRS agents than have them take a look at the indoor facility in Stratford as well, GoooalSports. LOTS of funny things going on with those books.
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Unregistered
Originally posted by Unregistered View PostWhat you really want is the 990s for 2016 and 2017. 2015 would have probably been the "quiet phase" and reflects donations by BS insiders. They hadn't gone full public with their appeal yet.
The Treasurer’s name is right there on the 990. All board members could be subject to strict liability if malfeasance is found
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Unregistered
Originally posted by Unregistered View PostBSC has not filed its 2017 return yet. Further, the 2016 return may have been filed under an extension.
The Treasurer’s name is right there on the 990. All board members could be subject to strict liability if malfeasance is found
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