() The issue in our investigation is the apparent conflict between the CCA's public announcement and its federal tax filing.
We have a public statement that a substantial collection was received and appraised, and a 2023 return showing only $1,101 in contributions.
If the organization actually acquired ownership of property worth approximately $1 million in 2023, the normal IRS rules would require recognition of the noncash contribution, and the amount would ordinarily trigger the requirement to file a full Form 990.
The deed's restrictions might explain how the property could be used. They do not automatically explain why the donation does not appear on the return.
Does anyone want to see the club in trouble with the government that could jeopardize its mere existance?
Why is your leadership silent? Because that's what they have always done.
Why not answer a basic question? Not asking who, not asking why, just asking what was the value and why you didn't report it appropriately. Forget the inventory specifics even!
This is the weirdest stuff EVER.
|
|