On 10/19/2014 12:16 PM, Dave Smith wrote:
> On 2014-10-19 11:29 AM, sf wrote:
>> On Sun, 19 Oct 2014 10:03:22 -0400, Dave Smith
>> > wrote:
>>
>>> On 2014-10-19 9:36 AM, sf wrote:
>>>> On Sun, 19 Oct 2014 08:19:53 -0400, Dave Smith
>>>> > wrote:
>>>>
>>>>> On 2014-10-19 1:53 AM, sf wrote:
>>>>>> On Sun, 19 Oct 2014 01:02:59 -0400, Ed Pawlowski >
>>>>>> wrote:
>>>>>>
>>>>>>> On 10/18/2014 10:57 PM, James Silverton wrote:
>>>>>>>
>>>>>>>> I looked them up in Charity Watch where I see they received an F
>>>>>>>> rating,
>>>>>>>> with 85% of the funds they received being spent on fund raising.
>>>>>>>> What
>>>>>>>> are they trying to do?
>>>>>>>>
>>>>>>> There is a lot of money to be made running a charity fundraiser.
>>>>>>
>>>>>> Same deal with church of the Reverend X... another non-profit scam.
>>>>>>
>>>>>>
>>>>> I was surprised to learn that a number of the local fundamentalist
>>>>> churches are legal entities in the form of numbered companies.
>>>>
>>>> What's a numbered company?
>>>>
>>> It is an incorporated company. Corporations can have registered names or
>>> can have a number assigned to them by the government. They are
>>> registered as corporations. It might be 1234567 Ontario Inc, or 9876543
>>> Canada Inc for official purposes, but be doing business under another
>>> name. The Doing Business As (DBA) is common in the US and Canada. In
>>> the cases of the churches I dealt with, those that were numbered
>>> companies were legally incorporated companies operating as numbered
>>> companies but dba FITB Church Name.
>>
>> At least they are paying taxes!
>>
> No. They are non profit charitable institutions, so these corporations
> get the same tax breaks that other churches get. They can receive
> charitable donations and issue tax receipts for those donations.

In the US they must apply for non-profit status. That's not an easy
application, either. Further, they file an "information" return with
the IRS every year that details their income sources and their
expenditures on everything from office supplies to projects.

In most states charities also answer to a state agency or official like
the Attorney General.

If they want to apply for any grants, they need an audited financial
statement from an independent auditor which costs $$$



--
From somewhere very deep in the heart of Texas