Stipend Question
Printed From: Community Theater Green Room
Category: Theater Administration
Forum Name: Money Talk
Forum Discription: Questions about fundraising and promotion
URL: http://www.communitytheater.org/forum/forum_posts.asp?TID=2573
Printed Date: 4/29/24 at 10:36am
Software Version: Web Wiz Forums 8.05 - http://www.webwizforums.com
Topic: Stipend Question
Posted By: brianwolters
Subject: Stipend Question
Date Posted: 8/10/07 at 2:47pm
|
Got a question a little different from the current Stipend discusion.
Being non-profit, are you limited on what you can Stipend? And if the by-laws say nothing about it, if the Chairman directs a show, can they receive a Stipend or is that a conflict of interest?
Thanks... |
Replies:
Posted By: B-M-D
Date Posted: 8/15/07 at 7:12pm
|
None of what you mention would prevent your organization from being a non-profit or violate it's non-profit status. The stipend is considered an expense of doing business. Non-profit doesn't mean that you don't make money. It means that all "profits" go back into the oranization so that it can continue to do whatever it does. That's true whether it's finding a cure for cancer or putting on Hello Dolly.
I beleive that in a non-profit there simple aren't any share holders or owners to distribute the profits to. Money taken in ultimately goes back into the opperation of the organization.
In any event talk to an attorney that's more expert at these things than actors, wanabe directors, miscreants and generally shady entertianment folks. ------------- BD 
"Dying is easy, comedy is hard." |
Posted By: Gaafa
Date Posted: 8/15/07 at 9:22pm
I agree with B-M-D, not sure which dogergory I would fall into? But as with the Local Government Act by the London Corporation passed in Elizabethian times. 'Players of entertainments & interludes should be regarded as Rogues & Vagabonds & be sent to whence they came' or words to that effect. I think the only possible conflict maybe if your group does not normaly pay a stipend, as oposed to a perdium. Then the chairman has proposed the motion &/or voted on it, without excluding himself on a pecuniary interest bases. But if it is general procedure previously agreed to, it is hardly 'members profiting from membership'. But there again not being a Solicitor of the Courts or even theatre for that matter now, check it out legaly. ------------- Joe Western Gondawandaland turn right @ Perth. Hear the light & see the sound. Toi Toi Toi Chookas {{"chook [chicken] it is"} May you always play to a full house} |