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Originally Posted by Rich42
There is no way that I pretend to understand all the IRS tax laws. However, could someone please explain to me how a private company called Significant Productions, as was discussed in the Sun News paper today can be considered a nonprofit and, therefore tax free company. I believe it is owned or managed, or somehow very involved with Whitney Morse and its sole purpose is to provide entertainment to villagers through extravagant ticket prices at the Sharon and the Studio theaters. How in the world can this be considered a nonprofit operation?
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It’s not a private company - it’s a 501c3. NO ONE takes the profits from the organization.
Whitney Morse is NOT on the board of directors, he may have provided a donation to get it started.
I am sure the actors appreciate a performing arts non profit to perform. Especially in an era where many small theaters are closing.
It is like an orchestra or a ballet troop in a city being incorporated as a non profit, you just don’t like that the Morse name is associated with it.