it's not for profit.
Posted By: cj on 2009-05-28
In Reply to: and once again.... - just me
That's the big difference. the money is used for missions, etc. Let's face it, if church was a business the govt would love to get their hands on the taxes. Churches are tax exempt because they are not for businesses.
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AND MADE A PROFIT!
http://www.youtube.com/watch?v=Cm5jQEh7exg
I interpret that to mean 30% of the PROFIT, if any...sm
would go to help the low and middle class strapped people who can not now afford their mortgage, but only if and after the $700 billion is repaid. No?
Well, duh. Of course they're for profit
That's why Obama wants a government run healthcare system, so he can dictate EVERYTHING. He wants a government run EVERYTHING as well, so he can dicate everything, because God only knows what we would have done without him all these generations, making our own way and building our own businesses, getting through the great depression, droughts, famine, long before he showed up, only to have him now tell us he'll take care of us. We're such feeble helpless individuals.
profit taking
The rules have not changed yet and the hedge funds are still running loose, betting ups, betting downs. Everything they were doing to get us into this mess is still going on and still legal. Leverage is still high.
Unless their PROFIT from that business exceeds...sm
$500,000 a year ($250,00 x 2 if both work in the business) they will not pay additional taxes.
It is the business owner's profit that he...sm
takes home after all expenses are paid.
I have no problem with a non-profit, non-federally funded...sm
establishment having a code of ethics including religion that is exclusive of other religions.
But I think it is hypocritical to take federal funds and then be exclusive to only your group. It's like taking money out of my pocket and then telling me that I can't participate.
If the profit factor (insurance companies)...
...is removed, we will save a TON of money.
John McCain said she sold it at a profit on ebay. nm
.
Alaskans do get a check based on oil profit taxes that are...sm,
charged by the Alaskan government. That is why the poor Alaskans support her and agree to the rape of their land. A few thousand dollars is a lot of money to them.
Various Bush members enjoy profit from human suffering.
Two articles below:
http://www.latimes.com/news/printedition/asection/la-na-bucky23mar23,1,7624344.story?ctrack=1&cset=true
From the Los Angeles Times
Bush's Uncle Earned Millions in War Firm Sale
An SEC filing shows William H.T. Bush collected about $1.9 million in cash, plus stock valued at $800,000, from the deal.
By Walter F. Roche Jr.
Times Staff Writer
March 23, 2006
WASHINGTON — As President Bush embarks on a new effort to shore up public support for the war in Iraq, an uncle of the commander in chief is collecting $2.7 million in cash and stock from the recent sale of a company that profited from the war.
A report filed with the U.S. Securities and Exchange Commission shows that William H.T. Bush collected just under $1.9 million in cash plus stock valued at more than $800,000 from the sale of Engineered Support Systems Inc. to DRS Technologies of New Jersey.
The $1.7-billion deal closed Jan. 31. Both firms have extensive military contracts.
William Bush was a director of Engineered Support Systems. Recent SEC filings show he was paid cash and DRS stock in exchange for shares and options he obtained as a director.
Before DRS purchased it, Missouri-based ESSI experienced record growth as a result of expanded U.S. military contracts — many to supply U.S. efforts in Iraq and Afghanistan.
The contracts, some awarded on a no-bid basis, include a $77-million deal to refit military vehicles with armor for use in Iraq.
Other ESSI products used in the war include radar and detection services, field medical stations and field electrical generator units.
SEC filings show that two federal investigations of ESSI are underway. One inquiry involves a stop order from the government on the field generators. The order was issued because the units didn't operate properly.
The generator contract was a major source of revenue. SEC files show that ESSI did not tell stockholders about the stop order until last June, about seven months after it was issued.
During the interim, several ESSI executives, including Bush's uncle, cashed in stock and stock options worth millions of dollars, the filings show.
According to one recent filing, the SEC and the U.S. attorney in St. Louis are investigating the delayed disclosure and other matters.
Unnamed members of the ESSI board and corporate officers have been subpoenaed in the inquiry, according to documents.
SEC filings show that William Bush, 67, exercised options on 8,348 shares of ESSI stock on Jan. 18, 2005, about two months after the stop order was issued and six months before it was disclosed. He collected about $450,000 in cash.
Bush, known as Uncle Bucky in the president's family, joined ESSI's board in 2000, several months before his nephew became president.
He heads a St. Louis investment firm and is the youngest brother of former President George H.W. Bush.
He declined to comment Wednesday. However, in an interview last year, he said he played no role in ESSI's winning federal contracts.
I don't make any calls to the 202 [Washington, D.C.] area code, he said.
Patricia Williamson, a spokeswoman for DRS, would not comment on the status of the federal investigations.
The company has said it is cooperating in the probes, which also involve an ESSI insurance contract.
_________________________________________________________________
March 22, 2006, 11:58PM
Former first lady's donation aids son
Katrina funds earmarked to pay for Neil Bush's software program
By CYNTHIA LEONOR GARZA
Copyright 2006 Houston Chronicle
Former first lady Barbara Bush donated an undisclosed amount of money to the Bush-Clinton Katrina Fund with specific instructions that the money be spent with an educational software company owned by her son Neil.
Since then, the Ignite Learning program has been given to eight area schools that took in substantial numbers of Hurricane Katrina evacuees.
Mrs. Bush wanted to do something specifically for education and specifically for the thousands of students flooding into the Houston schools, said Jean Becker, former President Bush's chief of staff. She knew that HISD was using this software program, and she's very excited about this program, so she wanted to make it possible for them to expand the use of this program.
The former first lady plans to visit a Houston Independent School District campus using the Ignite program today to call on local business leaders to support schools and education.
The trip to Fleming Middle School is intended to showcase Bush's commitment to education for both Houston-area and New Orleans evacuee students, according to a press release issued Wednesday by Ignite.
Fleming, which has more than 170 New Orleans students, was one of eight area schools chosen by the Harris County Department of Education to receive a donated COW, or Curriculum on Wheels, multimedia program after Hurricane Katrina.
Neil Bush founded Austin-based Ignite Learning, which produces the COW program, in 1999.
Becker said she wasn't at liberty to divulge how much money the Bush family gave to the hurricane funds, but said the rest of their donation was not earmarked for anything.
Nationally, some other donors also specified how they wanted their donations spent, Becker said.
For example, one man wanted his money to go to Habitat for Humanity but via the former presidents' fund. Nearly $1 million has been raised for the local fund and more than $120 million for the national.
Regarding the fact that Bush's earmarked donation also benefited her son's company, Becker said, Mrs. Bush is obviously an enthusiastic supporter of her son. She is genuinely supportive of his program, and has received many letters from educators who support it. Bush honestly felt this would be a great way to help the (evacuee) students.
Barbara and Neil Bush presented the donated programs to Houston-area schools this winter.
Districts that received the free curriculum include Houston, Alvin, Katy, Pearland and Spring and the New Orleans West charter school.
There are 40 Ignite programs being used in the Houston area, and 15 in the Houston school district, said Ken Leonard, president of Ignite.
Information about the effectiveness of the program, through district-generated reports, was not readily available Wednesday, according to an HISD spokeswoman.
Two years ago, the school district raised eyebrows when it expanded the program by relying heavily on private donations.
In February 2004, the Houston school board unanimously agreed to accept $115,000 in charitable donations from businesses and individuals who insisted the money be spent on Ignite. The money covered half the bill for the software, which cost $10,000 per school.
The deal raised conflict of interest concerns because Neil Bush and company officials helped solicit the donations for the HISD Foundation, a philanthropic group that raises money for the district.
HISD school principals decide for themselves whether to spend their budgeted money on Ignite.
Leonard said that in the past six to eight months, the company has hired national sales representatives across the country — in Florida, New York, Pennsylvania, Georgia and Nevada — in hopes of expanding beyond Texas. Currently, about 80 percent of the company's customers are from Texas.
Last year, Neil Bush reportedly toured former Soviet Union countries promoting Ignite with Russian tycoon Boris Berezovsky.
According to the Times of London, Berezovsky, a former Kremlin insider now living in Britain, is wanted on criminal charges in Moscow accusing him of seeking to stage a coup against President Vladimir Putin.
The purpose of today's event is to showcase everyone's efforts in helping the hurricane evacuee students who ended up in Houston, Leonard said.
We have a role, but we're not the leader in this, Leonard said. He also acknowledged that his company will benefit from the former first lady's visit.
Barbara Bush is expected to observe both teachers and students using the Ignite Learning program while touring classrooms, according to the Ignite press release.
During a short reception, teachers and students will give testimonials about the program and Bush will encourage community business leaders to have a stronger presence in supporting schools and education, the press release said.
The free-standing instructional tools that are not dependent on the Internet. They include a built-in computer, projector and speakers and come pre-loaded with science and social studies courses.
cynthia.garza@chron.com
HoustonChronicle.com -- http://www.HoustonChronicle.com | Section: Houston & Texas
This article is: http://www.chron.com/disp/story.mpl/headline/metro/3742329.html
Bottom line...they made a 68 million dollar PROFIT.
PROFIT is AFTER expenses. So I am thinking they are doing pretty darn well, don't you? They are not in it for the goodness of their hearts.
And it says plainly on the website they will take checks for anything but abortions. So that says to me cash or credit card. IF there is another explanation for that, please share.
It has been awhile since there was a bombing or a shooting, and I don't condone either. Killing abortionists or bombing clinics is not the answer. Changing minds and providing alternatives is the answer. But going with the flow and remaining quiet while mass murder of the unborn goes on is something I cannot do, and sorry if I find it horrifying that PLanned Parenthood makes such a KILLING for killing. THere is THAT.
Can anyone say "spend your $$$ wisely?" Do you realize their profit margins over the years?..
nm
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