capjbadger wrote:Igneouss wrote:
While BM has a non-monetary economy inside the event, it is by no means any kind of non-profit operation. Don't be deluded. The Org stands to make millions on profit for the 3rd or 4th year in a row. And the Org is and 'LLC'. It is a chartered and licensed for profit enterprise. Period.
3) Decision NOT to charter as a 503(c) corporation. Non profit status saves lots of money on taxes. There are only 2 reasons why they would not do this. a) they fear disclosure and/or b) they fear having a borad of directors.
Umm... they just converted to a non-profit this last friday. Pay attention Ig.
Still looking for some evidence of this. Is it possible that you meant (or heard about) the newly formed art non-profit that has been announced on the web site?
Several people here have stated that BM is either currently a non-profit, or is about to become a non-profit...
I hope one of you is correct...
Can anyone link me to some non hear-say evidence?