Nonprofit Bike Shop: Can I Do That?

Yesterday, reported that Marcus Fetch, a former nomadic traveler was opening Redemptive Cycles, a nonprofit bike shop.  The article explains, "The [shop's] nonprofit status allows the business to serve a charitable function, rebuilding, fixing and reselling used bikes at the cheapest price possible." 

How is it possible that a retail store, which provides goods and services in the selling and repair of bicycles, can be a nonprofit organization?  It seems so… commercial. 

A Fresh Look at Contract Essentials: Moves, Mutual Agreement, and More!

Beginning next week, Wagenmaker & Oberly, LLC will be moving to our new office location.  Located in the historic and iconic Monadnock building, our new facilities will provide the firm with ample room for its continued development and growth.  In addition, the office’s convenient location and excellent facilities will equip us to better meet our client’s diverse legal needs. 

Victim Firefighters’ Families Kept from Receiving Donated Funds: Tax Lessons Learned

Last Christmas Eve, the Rochester suburb of Webster, N.Y. was shaken by news that two of the community’s beloved firefighters had been shot and killed by a man who apparently set fire to a blaze that eventually destroyed seven homes. 

In a massive outpouring of care and concern, supporters donated about $900,000 for their families through the West Webster Volunteer Fireman’s Association, a section 501(c)(3) public charity.  Now nearly seven months later something almost equally stunning is happening:  neither family has received any of that money.  Why not?