Quote:
Originally Posted by 33girl
I never thought of RHS as a nonprofit thing - to me it's the same as a country club, and those definitely aren't nonprofit.
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Actually most country clubs are 501(c)7 organizations - recreational club organizations, so they are not for profit, even if they are high end.
I wrote to the founders of the Blue Thong Society and received this response from their corporate attorney:
“In response to your questions regarding the corporate status of Blue Thong Society, Inc., here is the information that should help you. Blue Thong Society, Inc. is a privately owned corporation that is operated on a “for profit” basis. It is not a 501(c) charitable organization. The Board of Directors are elected by the shareholders who are the owners of the company. I hope this answers your questions.”
Short translation....we are in the business to make our founders very wealthy women.
So I quit.
__________________
"Pam" Bäckström, DY '81, WSU, Dayton, OH - Bloomington, IN
Phi Mu - Love.Honor.Truth - 1852 - Imagine.Believe.Achieve - 2013 - 161Years of Wonderful -
Proud to be a member of the Macon Magnolias - Phi Mu + Alpha Delta Pi