RAAM 2008 Hot Chick calendar
#26
Rick Schulze
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just trying to sell a calendar..... although, I have been know to supply podium girls to local crits.
I have an idea, everyone buys a calendar, gripes about who knows what, our charity gets the money and everyone is happy.
I have an idea, everyone buys a calendar, gripes about who knows what, our charity gets the money and everyone is happy.
#27
Whateverthehell
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hey, i'm fine with the hot chicks on RAAM teams. as long as this one doesn't get sent home like the one on last year's team did - which caused almost everyone to spiral into depression - it's all good
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"When once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been, and there you will always long to return." - Leonardo daVinci
#30
Rick Schulze
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#31
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#32
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#33
Rick Schulze
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count me in bro. Looked over your website and I'll order. I'll order when I get home. Good Luck!
All,
One of our crew members does a little modeling on the side so she was nice enough to let us put together an 11x17 wall calendar to sell to help raise money for our RAAM efforts.
Please check out www.360cycling.com/calendars.cfm for details....it is tax deductible.
One of our crew members does a little modeling on the side so she was nice enough to let us put together an 11x17 wall calendar to sell to help raise money for our RAAM efforts.
Please check out www.360cycling.com/calendars.cfm for details....it is tax deductible.
#36
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You should have checked with a CPA before you gave out this advice because it's not true. If someone give money to a 501(c)3 corporation and receives something in return (whether it be a good or service), their tax deduction is limited to the amount that the money given exceeds the fair value of the gift being received. You are selling the calendar for $12, which is a fairly low price. Chances are pretty good that the purchaser wouldn't get any tax deductibility benefit.
#38
Rick Schulze
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You should have checked with a CPA before you gave out this advice because it's not true. If someone give money to a 501(c)3 corporation and receives something in return (whether it be a good or service), their tax deduction is limited to the amount that the money given exceeds the fair value of the gift being received. You are selling the calendar for $12, which is a fairly low price. Chances are pretty good that the purchaser wouldn't get any tax deductibility benefit.
#39
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Hmmmm. Its not a bad idea. But I have sooooooooooooooo much porn you wouldnt even believe me. Not sure I will bite at a calendar. Even though she is a hottie. Although a chick who is FAST on a bike is always way hotter (can she ride?)
What about something to involve the BF community a bit more. Lets say YOU stump up $250. Lets say we stump up $10 each to win that $250 (ok ok its not a jackpot but its better than a kick in the nuts). Lets say you come up with a RAAM specific numerical which we can all have a guess at. Closest guess wins the cash. I think we could russle up 100 dudes from BF. We arent that tight. $10 down for a chance to win $250 and its for a good cause.
It also gets us to follow your race more closely and take some sort of interest. Even if its driven by greed lol. You could start a thread about it. Maybe we could guess your final team time. Or we could guess the amount of miles YOU personally pedal?
The calendar is a good idea and fun but you are better off doing something to engage people to FOLLOW your race.
Good luck! (Is extort on your team this year? hope so!)
What about something to involve the BF community a bit more. Lets say YOU stump up $250. Lets say we stump up $10 each to win that $250 (ok ok its not a jackpot but its better than a kick in the nuts). Lets say you come up with a RAAM specific numerical which we can all have a guess at. Closest guess wins the cash. I think we could russle up 100 dudes from BF. We arent that tight. $10 down for a chance to win $250 and its for a good cause.
It also gets us to follow your race more closely and take some sort of interest. Even if its driven by greed lol. You could start a thread about it. Maybe we could guess your final team time. Or we could guess the amount of miles YOU personally pedal?
The calendar is a good idea and fun but you are better off doing something to engage people to FOLLOW your race.
Good luck! (Is extort on your team this year? hope so!)
Last edited by seppomadness; 12-17-07 at 05:09 PM.
#40
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"If the donor receives or expects to receive goods or services in return for a contribution to your organization, the donor cannot deduct any part of the contribution unless the donor intends to, and does, make a payment greater than the fair market value of the goods or services. If a deduction is allowed, the donor can deduct only the part of the contribution, if any, that is more than the fair market value of the goods or services received. You should determine in advance the fair market value of any goods or services to be given to contributors and tell them, when you publicize the fund-raising event or solicit their contributions, how much is deductible and how much is for the goods or services." (Publication 557, Section 501(c)3 Organizations https://www.irs.gov/publications/p557/ch03.html)
And if you've "set things up" to somehow bypass the Internal Revenue Services rules, I'm sure the IRS would be interested in hearing about how you did it.
We do agree on one thing - $12 isn't likely to make much of an impact on anyone's taxes. So why are you using the tax deductibility thing as a selling point?
Last edited by Sprocket Man; 12-17-07 at 06:03 PM.
#41
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Bah...less legal talk, more pictures.......of the bike of course...err...I mean...nevermind.
#43
Rick Schulze
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Well, I'm not going to get in a yelling match here, not worth it. Here was the bottom line from my tax guy; Being that the shipping tubes and high res printing was donated, the shipping will be at reduced rates from my company (anywhere in the USA for under $2). So, the only thing the charity had to pay for was paper. If you take the total cost of the paper and divide it by the amount of sheets, each calendar costs us .09 cents to produce. That means out of the $12 purchase cost, $11.91 goes to the charity. We only truly pay .09 per calendar.
Perhaps I should be more specific and tell people to deduct 11.91 instead of $12.
Based on that, our tax guy felt that it was a legit deduction although if pressed he may tend to agree to say on the "thank you page" to take off the $11.91
BTW, this is the stuff that makes so very many people not even want to get involved with raising a dime for charity; it's too touch. To many people griping about this and that, it's ridiculous
Perhaps I should be more specific and tell people to deduct 11.91 instead of $12.
Based on that, our tax guy felt that it was a legit deduction although if pressed he may tend to agree to say on the "thank you page" to take off the $11.91
BTW, this is the stuff that makes so very many people not even want to get involved with raising a dime for charity; it's too touch. To many people griping about this and that, it's ridiculous
#44
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Actually Rick you don't have to do that.
Sprocket man doesn't know the facts.
The amount of the donation ($12) does not exceed $75. No statement from 360cycling is required to be provided to the donor for the donation of $12. The IRS is not going to look for any statement or request one from a donor during any audit for the fair market value of any item received since it is not required in this instance. See https://www.irs.gov/pub/irs-pdf/p1771.pdf
Sprocket man doesn't know the facts.
The amount of the donation ($12) does not exceed $75. No statement from 360cycling is required to be provided to the donor for the donation of $12. The IRS is not going to look for any statement or request one from a donor during any audit for the fair market value of any item received since it is not required in this instance. See https://www.irs.gov/pub/irs-pdf/p1771.pdf
#45
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Well, I'm not going to get in a yelling match here, not worth it. Here was the bottom line from my tax guy; Being that the shipping tubes and high res printing was donated, the shipping will be at reduced rates from my company (anywhere in the USA for under $2). So, the only thing the charity had to pay for was paper. If you take the total cost of the paper and divide it by the amount of sheets, each calendar costs us .09 cents to produce. That means out of the $12 purchase cost, $11.91 goes to the charity. We only truly pay .09 per calendar.
Perhaps I should be more specific and tell people to deduct 11.91 instead of $12.
Based on that, our tax guy felt that it was a legit deduction although if pressed he may tend to agree to say on the "thank you page" to take off the $11.91
BTW, this is the stuff that makes so very many people not even want to get involved with raising a dime for charity; it's too touch. To many people griping about this and that, it's ridiculous
Perhaps I should be more specific and tell people to deduct 11.91 instead of $12.
Based on that, our tax guy felt that it was a legit deduction although if pressed he may tend to agree to say on the "thank you page" to take off the $11.91
BTW, this is the stuff that makes so very many people not even want to get involved with raising a dime for charity; it's too touch. To many people griping about this and that, it's ridiculous
I don't want to get into a yelling match either. I just find it hard to believe that someone would try to defend an indefensible position.
#46
Burning Matches.
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Hell, I wouldn't pay a nickel for the calendar. How's that for Fair Market Value?
For a guy in Honolulu you sure do seem up-tight.
For a guy in Honolulu you sure do seem up-tight.
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#47
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I find it hard to believe that you're making such a huge deal over a calendar. Let it be, and let people who want to buy the calendar buy it.
#48
Sick ... again
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Who gives a rats about the tax ... since when was spank material ever tax deductible anyway?
Bring on the chicks!
Bring on the chicks!
#49
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Actually Rick you don't have to do that.
Sprocket man doesn't know the facts.
The amount of the donation ($12) does not exceed $75. No statement from 360cycling is required to be provided to the donor for the donation of $12. The IRS is not going to look for any statement or request one from a donor during any audit for the fair market value of any item received since it is not required in this instance. See https://www.irs.gov/pub/irs-pdf/p1771.pdf
Sprocket man doesn't know the facts.
The amount of the donation ($12) does not exceed $75. No statement from 360cycling is required to be provided to the donor for the donation of $12. The IRS is not going to look for any statement or request one from a donor during any audit for the fair market value of any item received since it is not required in this instance. See https://www.irs.gov/pub/irs-pdf/p1771.pdf
Clarity of thought is tough issue for you. I suggest you work on that.