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[Snoopy]

Seems like we are due for the 2007 Form 990 to be made available.  I can't wait!!

[Gailon Arthur Joy]

Seems like we are due for the 2007 Form 990 to be made available.  I can't wait!!

My bet is that they extend until October 15. Why give us further fodder for discovery???

Gailon Arthur Joy

[Snoopy]

You're probably right.  Although the first extension gave them until August 15, and a second extension will give them until November 15.  This particular audit report could be fascinating...

Seems like we are due for the 2007 Form 990 to be made available.  I can't wait!!

My bet is that they extend until October 15. Why give us further fodder for discovery???

Gailon Arthur Joy

[Gailon Arthur Joy]

You're probably right.  Although the first extension gave them until August 15, and a second extension will give them until November 15.  This particular audit report could be fascinating...

Seems like we are due for the 2007 Form 990 to be made available.  I can't wait!!

My bet is that they extend until October 15. Why give us further fodder for discovery???

Gailon Arthur Joy

Good grief, they get 90 days not 60?

GAJ

[Snoopy]

This according to Guidestar:

"What is the deadline for filing a 990? - There is no one date on which all Forms 990 must be submitted to the IRS. Instead, a nonprofit's filing date is determined by the end of its fiscal year (the 12-month period for which the organization plans the use of its funds); each filing organization is required to file "by the 15th day of the 5th month after" its fiscal year ends.  Organizations can also receive up to two 90-day extensions of time to file. (Like the 990, the extension request form is a public document and is posted on the GuideStar site.) Thus, the Form 990 for a nonprofit whose fiscal year ended on December 31, 2004, might not be filed until November 15, 2005."


http://www.guidestar.org/help/faq_990.jsp#deadline

You're probably right.  Although the first extension gave them until August 15, and a second extension will give them until November 15.  This particular audit report could be fascinating...

Seems like we are due for the 2007 Form 990 to be made available.  I can't wait!!

My bet is that they extend until October 15. Why give us further fodder for discovery???

Gailon Arthur Joy

Good grief, they get 90 days not 60?

GAJ

[irspro]

My thought is that 3ABN probably needed to file a 990-T, not because of royalties but because of lease payments for the Subway restaurant, Tae Kwon Do place, and barber shop. I would think the leases from those places would be unrelated business income.

If 3ABN produced more than 3 years of documents because of one of the reasons given in that manual, then there is no way that there was no discrepancy or infraction.

   

Jog your "common sense" Bob in that leases are rents, just a little term differences.  You're getting too technical and Bonnie said I wasn't even an auditor while Snoop locked the door behind.  All of you have a tendendcy to be like some of my trainees in some of the largest banks, insurance companies, and whathaveyous that have cafeterias, childcare, and healthspas "onsite for the convenience of the employees" where the government doesn't even "strain at a gnat yet swollow a camel" like some of the "religious sort!"  And, that can get bad on occasions!!!!  And Bob, keep motels in re rents in  mind if that becomes part of their business model in re exclusions.  You only see some of this stuff on large taxpayers which comes from experience, but, I'm alleged to not even be an auditor.

Bob, I'd like to converse more directly with the informant if they could get through on a private message which some boards allow as one-ways even thought I would not return other than coded in public.   I could then shed a little clarity on the "laughable exhoneration" being moronically slapped around on these threads.

Bob, you may need to consult with Snoopy on some of my less than auditor quality spin on this subject!

"http://www.irs.gov/charities/charitable/article/0,,id=123415,00.html

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Unrelated Business Income Tax Exceptions and Exclusions
  
The Internal Revenue Code contains a number of modifications, exclusions, and exceptions to unrelated business income. For example, dividends, interest, certain other investment income, royalties, "certain rental income", certain income from research activities, and gains or losses from the disposition of property are excluded when computing unrelated business income. In addition, the following activities are specifically excluded from the definition of unrelated trade or business:

Volunteer Labor: Any trade or business is excluded in which substantially all the work is performed for the organization without compensation.  Some fundraising activities, such as volunteer operated bake sales, may meet this exception.

Convenience of Members:  Any trade or business is excluded that is carried on by an organization described in section 501(c)(3) or by a governmental college or university primarily for the convenience of its members, students, patients, officers, or employees.  A typical example of this is a school cafeteria.

Selling Donated Merchandise:  Any trade or business is excluded that consists of selling merchandise, substantially all of which the organization received as gifts or contributions.  Many thrift shop operations of exempt organizations would meet this exception.


Additional information:

Additional reporting required by controlling organization that receives items of interest, royalties, or rents from controlled entities, under Internal Revenue Code section 512(b)(13).



--------------------------------------------------------------------------------

Return to Life Cycle of a Public Charity"

 
 

[irspro]

Being that none seem to have any solutions for "preacher problems" that is fit for publication by SDA Media Outlet, could we get a little banter on the quality of publican today compared to those in Jesus' day that were joyfully lumped with the sinners?  Go one step further in re today where the preachers are feebly attempting to scoldingly lump the "informants" and publicans with the sinners. 

Your honesty and forthrightness will be greatly appreciated!!!!!!!!

[Bob Pickle]

My understanding, irspro, is that the barber shop, Subway restaurant, and Tae Kwon Do place were in a strip mall in West Frankfort, not on 3ABN premises. That strip mall was bought by 3ABN from a fellow the same day that fellow bought Danny's house. It look like 3ABN buying the mall gave the fellow the cash to buy Danny's house.

Then later, as the story goes, 3ABN gave away the strip mall to West Frankfort.

[bonnie]

Jog your "common sense" Bob in that leases are rents, just a little term differences.  You're getting too technical and Bonnie said I wasn't even an auditor while Snoop locked the door behind.

IRSPro,

Can you please direct me to this statement that you are claiming I made?? If I said you were not even an auditor it wasn't stated properly. Now it is more than possible I said I had my doubts. But using "Bonnie said I wasn't even an
auditor" is a very difinitive statment.
Please if you will point me to that statement so I can compare my unedited with yours

 

[irspro]

My understanding, irspro, is that the barber shop, Subway restaurant, and Tae Kwon Do place were in a strip mall in West Frankfort, not on 3ABN premises. That strip mall was bought by 3ABN from a fellow the same day that fellow bought Danny's house. It look like 3ABN buying the mall gave the fellow the cash to buy Danny's house.

Then later, as the story goes, 3ABN gave away the strip mall to West Frankfort.

So potential rent or lease on a strip mall is moot for a 990-T now?  But, we have learned that rents\leases per se do not always produce UBI, just a few if, and, or but fors to answer if and when it occurs.  Many times there are more exceptions than rules.

Spend your time courting a "shareholder in the pew jury!"

[Julius Child]

I'm thinking there will be several topics 3ABN might not be able to explain in court.  I happen to know an employee (still there, I believe) who was involved in building a barn for Danny, at Danny's residence on Hwy 34, on company time, with supplies purchased by 3ABN.  Go figure.

I don't think 3abn could explain a baler. Possibly the rest of it.

It would be more likely he bought hay.

I am just shocked beyond belief...and where are all the defenders with this bit of PRIVATE INUREMENT NEWS???And of course that was all legitimate, right? So legitimate it lead to an IRS Exoneration letter!!!

Boy, this thread is getting interesting!!!

Now how would you know that? Are you kidding me??? You actually spoke to an employee that is still there and he told you that DANNY LEE SHELTON PRIVATELY INURED HIMSELF? Was that with money that came from the stockholders in the pews or was it simply OPM contributions to the SHELTON BUSINESS !!!

By the way, I want that persons name rank and serial number to see if he  is already on the witness list? Think he would squeal like a pig under oath in a US District Courtroom? And how many others will squeal like a pig under oath in the US District Courtroom???

Not much of a pork supporter, but I thank the good Lord for Pigs every day!!!

Gailon Arthur Joy

Nary a soul from either POV has mentioned that Linda Shelton was right there with her former husband, until May of 2004, benefiting from any of the alleged "private inurement" from the misuse of 3ABN funds and labor.

[Snoopy]

WRONG!!  See my post below from a few days ago where I clearly referred to "the Sheltons."

Nary a soul from either POV has mentioned that Linda Shelton was right there with her former husband, until May of 2004, benefiting from any of the alleged "private inurement" from the misuse of 3ABN funds and labor.

Interesting, sister.

It would seem to me that the fair market value of the rent should be considered taxable income to the Everetts.  I wonder if that was ever included on a W-2 or 1099?

It is also interesting to me that a member of the board of directors, the single group tasked with governance of 3ABN and its resources, would take part in an obvious diversion of organizational resources to the private benefit of the Sheltons.  If I ever had any confidence in the board, it is now gone.  When 3ABN is finally held accountable for these financial misdealings, a good deal of the responsibility should land firmly at the feet of these "directors".

[Gailon Arthur Joy]

Nary a soul from either POV has mentioned that Linda Shelton was right there with her former husband, until May of 2004, benefiting from any of the alleged "private inurement" from the misuse of 3ABN funds and labor.
[/quote]

Could you fill us in on Linda's role and why she suddenly was expendable to private innurement team at 3ABN?

And can you explain why she was denyed due process for whatever she is purported to do, while the man that was the "ped Piper" of private innurement passed out gifts and services to the loyal, got 3ABninto a serious look see and is still even allowed on the premises?

Or is it the view of the loyalists that 3ABN is a Shelton Business?

And if so, when does the "pied piper" hand over the half of the business that belongs to Linda Sue Shelton?

I await with eager anticipation the responses from Julius Child. And do you have authority to write the check that belongs to Linda for Half the value?

And what would you do about the fabulous tales spun by Brenda Walsh? Should we disgourge half her profits for the payoffs she has received since 2004? Should she be allowed to speak in a Seventh-day Adventist Church or to a Women's Ministry group? After all, isn't she an example of what women's ministries DETEST???

Breaking story just ahead!!! Then we could see Walsh vs Joy...should be a neat match-up!!! Wonder if she will comment for the story?

Gailon Arthur Joy

[bonnie]

Nary a soul from either POV has mentioned that Linda Shelton was right there with her former husband, until May of 2004, benefiting from any of the alleged "private inurement" from the misuse of 3ABN funds and labor.

It may be viewed as Tammy Baker was. She was into the good life up to her eyeballs and had to have known when she could air condition her dog houses for the comfort of her dogs something wasn't quite right.
As LS has been wiped clean from 3ABN any mismanagement would naturally point to DS.

As for things like the horse business, she may truly have not known the tax situation behind it. My husband would not
have known if I were doing something like that. I took care of the farm and the income tax.

But I have a hard time believing there were monetary things she wasn't aware of. But it will still go back to DS

I await with eager anticipation the responses from Julius Child. And do you have authority to write the check that belongs to Linda for Half the value?

There is so much you wait for with eager anticipation.

Breaking story just ahead!!! Then we could see Walsh vs Joy...should be a neat match-up!!! Wonder if she will comment for the story?

Really sad if this is what makes up the most of someone's life

[Gailon Arthur Joy]

If it exonerates the slandered and defamed it is most fulfilling. It is too bad you see no value in the service provided to the hapless victims...but then you would not understand that, would you?

It is too bad someone did not do the same for your son and I can only say I wish I had known about it. I would have been happy to do the same.

And it is TOO BAD you find the published TRUTH so unbearable.

Gailon Arthur Joy