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pinto

(106,886 posts)
Sun Jun 15, 2014, 02:13 PM Jun 2014

What do the NFL, NHL and PGA share with religious organizations?

They are all tax exempt non-profits.

http://www.deseretnews.com/article/865564748/The-NFL-NHL-PGA-are-all-nonprofit-tax-exempt-organizations.html?pg=all

The NFL, NHL, PGA are all nonprofit, tax-exempt organizations

The United Way, The Red Cross and Amnesty International all come to mind when thinking of nonprofits.

But one organization isn’t typically associated with these groups: The National Football League.

That’s right, the NFL. It’s apparently classified as a nonprofit organization free of federal taxes, according to The Atlanta Journal-Constitution.

A 1966 law specifically allowed football leagues a 501(c)(6) status as tax-exempt trade organizations.

Because of this, the NFL is able to enjoy $184 million in revenue from its member teams and $1 billion in assets, all of which is tax-exempt.

Other sports organizations, like the Professional Golf Association and the National Hockey League, share the same status as the NFL.

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What do the NFL, NHL and PGA share with religious organizations? (Original Post) pinto Jun 2014 OP
Wow, that's pretty startling. cbayer Jun 2014 #1
I heard it as a bit on Fareed Zakariah's GPS show this AM. And was surprised, as well. pinto Jun 2014 #2

cbayer

(146,218 posts)
1. Wow, that's pretty startling.
Sun Jun 15, 2014, 03:30 PM
Jun 2014

While I think we need some reforms regarding religious institutions, this seems pretty outrageous and would be a much higher priority for me.

pinto

(106,886 posts)
2. I heard it as a bit on Fareed Zakariah's GPS show this AM. And was surprised, as well.
Sun Jun 15, 2014, 03:55 PM
Jun 2014

Found the article cited for follow up. Who knew?

I'd like to see non-profit guidelines and oversight reformed. Have looked at some of the codes and they are a maze. Lawyers likely spend a lot of time parsing the fine print.

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