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Posted On: 09/17/2025 10:34:07 AM
Post# of 87829
Re: mikeyt1818 #87664
Mikeyt1818, you brought some very good points naming the companies, it has been the pattern with David.
The Time Organization amendment, in my opinion came about from the investigation taking place still at this time, filing the amendment can hopefully keep the Charity from losing their 501-c-3 status.
One of the biggest problems IMO was Maryland state law requires an audit if they receive more than $750,000 in one year from charitable contributions.
In its most recent tax filings in 2023, TIME Organization reported charitable contributions of $8.8 million — but there was NO AUDIT.
Time needed to spin off operations into a separate LLC (taxable subsidiary) while keeping the nonprofit intact—which requires IRS approval.
The Time Organization amendment, in my opinion came about from the investigation taking place still at this time, filing the amendment can hopefully keep the Charity from losing their 501-c-3 status.
One of the biggest problems IMO was Maryland state law requires an audit if they receive more than $750,000 in one year from charitable contributions.
In its most recent tax filings in 2023, TIME Organization reported charitable contributions of $8.8 million — but there was NO AUDIT.
Time needed to spin off operations into a separate LLC (taxable subsidiary) while keeping the nonprofit intact—which requires IRS approval.
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