Portaling

[wetwillie]

How can they(the athletic depts)  maintain status of non profit org in that situation?

Huh? Non-profits can have paid employees, they just can't have profits.  Pretty sure we pay out coaches, AD and a whole bunch of other people.  If they are all volunteers then I take back anything bad I have ever said about any coach or admin ever.

The NCAA has been able to maintain Non Profit status because they are furthering the education of college athletes. Athletes negotiating as a union for what amounts to wages essentially turns it into a minor league. At least that would be the argument.

[Skipper44]

the tax exempt status of p5 athletic departments will be tough to keep when the players become employees instead of students

[jtksu]

the tax exempt status of p5 athletic departments will be tough to keep when the players become employees instead of students

Im guessing there's some grey area here when the universities aren't the ones actually paying the athletes? 

[MakeItRain]

How can they(the athletic depts)  maintain status of non profit org in that situation?

Huh? Non-profits can have paid employees, they just can't have profits.  Pretty sure we pay out coaches, AD and a whole bunch of other people.  If they are all volunteers then I take back anything bad I have ever said about any coach or admin ever.

The NCAA has been able to maintain Non Profit status because they are furthering the education of college athletes. Athletes negotiating as a union for what amounts to wages essentially turns it into a minor league. At least that would be the argument.

The type of business has nothing to do with not-for-profit status.

the tax exempt status of p5 athletic departments will be tough to keep when the players become employees instead of students

Again, as houstoncat stated with nfp status, tax exemption has nothing to do with having paid employees. Literally every single tax exempt BUSINESS has paid employees some hundreds, thousands.

[pissclams]

can confirm, I work in the non-profit sector and do get paid.

[MakeItRain]

Pro sports leagues are tax exempt

[Justwin]

Pro sports leagues are tax exempt

The NFL is not as of 2015.

[wetwillie]

The more I read about this the less likely it seems the IRS or any govt organization will eff with the Tax Exempt status of the NCAA.    The threshold to reverse their status is pretty damn high.

[Rage Against the McKee]

Are you supposed to be providing some sort of charity for tax-exempt status, or is the threshold simply that you don't make money? Because if you have to provide some sort of charitable benefit, I can see how your employees being the beneficiaries might be problematic. If it's just that you don't make money, then university athletics are probably going to be just fine, as laughable as that is.

[Spracne]

Are you supposed to be providing some sort of charity for tax-exempt status, or is the threshold simply that you don't make money? Because if you have to provide some sort of charitable benefit, I can see how your employees being the beneficiaries might be problematic. If it's just that you don't make money, then university athletics are probably going to be just fine, as laughable as that is.

Depends what you mean by "charitable benefit." Under the IRS Code, a broad range of organizations qualify.

[catastrophe]

You can be a non-profit without being a charity. The biggest difference I think is that contributions/donations to charities give tax benefits to the donor (i.e., they are incentivized), whereas those to other non-profits do not.

[Houstoncat93]

The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.

https://www.irs.gov/charities-non-profits/charitable-organizations/exempt-purposes-internal-revenue-code-section-501c3

This is the high-level requirements for non-profits.  As long as you can tie the athletes to an educational purpose then you fall under these requirements.  In my experience, the IRS is very loose on interpreting these standards.  You could probably argue that the stadiums are public buildings but would need a lawyer to check that one.

[Spracne]

The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.

https://www.irs.gov/charities-non-profits/charitable-organizations/exempt-purposes-internal-revenue-code-section-501c3

This is the high-level requirements for non-profits.  As long as you can tie the athletes to an educational purpose then you fall under these requirements.  In my experience, the IRS is very loose on interpreting these standards.  You could probably argue that the stadiums are public buildings but would need a lawyer to check that one.

I mean, there's also that sports competition part, but what do I know? (not much)

[Rage Against the McKee]

The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.

https://www.irs.gov/charities-non-profits/charitable-organizations/exempt-purposes-internal-revenue-code-section-501c3

This is the high-level requirements for non-profits.  As long as you can tie the athletes to an educational purpose then you fall under these requirements.  In my experience, the IRS is very loose on interpreting these standards.  You could probably argue that the stadiums are public buildings but would need a lawyer to check that one.

I mean, there's also that sports competition part, but what do I know? (not much)

amateur sports competition

[Spracne]

The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency.

https://www.irs.gov/charities-non-profits/charitable-organizations/exempt-purposes-internal-revenue-code-section-501c3

This is the high-level requirements for non-profits.  As long as you can tie the athletes to an educational purpose then you fall under these requirements.  In my experience, the IRS is very loose on interpreting these standards.  You could probably argue that the stadiums are public buildings but would need a lawyer to check that one.

I mean, there's also that sports competition part, but what do I know? (not much)

amateur sports competition

Amateur seems like a squishy word, here.

[Rage Against the McKee]

It's definitely a word that is being squished.

[HugeCat]

There should be a charitable foundation thread


https://twitter.com/JonRothstein/status/1521523874386649089?s=20&t=U4XFYfewLc1giZkS2LUFHw

['taterblast]

come home, Dexter

[instagram]https://www.instagram.com/p/CdJV3wWl1SK/[/instagram]

[WildcatNation]

Someone tell me how to feel about that dude. Stats didn't look very great for a bad Wichita State team.

[420seriouscat69]

https://twitter.com/TiptonEdits/status/1522227637770465280?s=20&t=tYcKIcY1trB3KuqaRK5aow

[Church Creeper]

Someone tell me how to feel about that dude. Stats didn't look very great for a bad Wichita State team.

Defensive stopper and DPOY in the AAC. Offensive liability.

[joda]

Someone tell me how to feel about that dude. Stats didn't look very great for a bad Wichita State team.

Defensive stopper and DPOY in the AAC. Offensive liability.

Yea, scrappy defender, not going to pick pockets often, but he makes life miserable for his man. Before this year he was a good for a few clutch 3’s a game, but this year was pretty bad from 3. Would be a good defensive compliment to someone like Davis, but I don’t think it’s ruining our plans if he doesn’t come here.

[_33]

https://twitter.com/TiptonEdits/status/1522227637770465280?s=20&t=tYcKIcY1trB3KuqaRK5aow

He's going to Maryland.  Did you see his 'MonDay' tweet?  Darn.

[Cire]

Getting a feeling that we’re really not getting dudes and we’re going to have to win by trying hard


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[_33]

But that’s my least favorite way to win.