Quote:
Originally Posted by Keefelane66
It's a way of maximizing profits through tax loopholes.
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A 501c3 is NOT a tax loophole, it is the tax code. That section of the code was specifically put into the code; they had to apply for 501c3 status with the IRS.
How are they maximizing profits? the board of directors do not get paid, they are volunteers.
Are the performers paid too much? Is the music director paid too much?
Do you support the following paying taxes (and not having as much money to put into performance? The Rockettes; the New York Philharmonic; the Philadelphia Ballet; the Los Angels Orchestra?
i am sorry, but having a nice performing arts troupe makes the Villages a nice place to retire; not everyone plays golf and pickleball all day.