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Many civic organizations struggle to stay alive


LAGRANGE — Not all that many years ago, any motorists arriving in any number of small towns around northeast Indiana to communities such as LaGrange or Howe or Wolcottville, would have been greeted when they entered those towns by a welcome sign that included the names of most of the civic and fraternal organizations that also called that community home.
From the Lions clubs to the Jaycees to Rotary, Kiwanis, Eagles, and Moose, many of those organizations once dominated the local philanthropic landscape. In the 1950s, 60s, 70s, and 80s, local social, civic and philanthropic organizations and clubs were at the heart of most communities, but many have disappeared, and most of those that remain are struggling to survive. ....

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New credit agreements are subject to status. | The Global Dispatch


New credit agreements are subject to status.
The smallest of nonprofit organizations with a yearly revenue of $5,000 or less do not need to declare themselves to the IRS, so if they were known about and included in the statistics, there would be far more nonprofit organizations in existence than are currently known about.The biggest problem for nonprofit organizations is when the IRS moves the goal posts for tax-exempt status. The only way to use an LLC to hold assets for a Non-Profit Corporation is to have the LLC be a qualified subsidiary of the Non-Profit Corporation. To do this the LLCs sole member would be the Non-Profit Corporation, and the LLCs management would only be permitted to engage in activities permitted of its parent non-profit corporation. This member managed single member LLC must be controlled by the Non-Profit corporation parents same directors and officers (See IRC Reg (link). (a) The Company is validly existing as a corporation under the laws of the Stat ....

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