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<blockquote data-quote="Voyageur" data-source="post: 951897" data-attributes="member: 17953"><p>I believe that the YMCA is actually a 501C(3)? A club? They can sell memberships, which isn't the same as owning a piece of the organization. It's access.</p><p></p><p>The only connection I could see where a corporation could be involved is if a corporation owned the facility the YMCA was in, and that would be a different entity?</p><p></p><p>Just my opinion, but what the hell would I know? I was conned into buying Packer stock.... from what I hear.</p><p></p><p>EDIT: For the record, a club is a corporation as well. It's just not a for profit corporation. I spent quite a bit of time two years ago actually guiding our club down here in Texas into a 501 operation. It was a headache. The rules can be stifling.</p></blockquote><p></p>
[QUOTE="Voyageur, post: 951897, member: 17953"] I believe that the YMCA is actually a 501C(3)? A club? They can sell memberships, which isn't the same as owning a piece of the organization. It's access. The only connection I could see where a corporation could be involved is if a corporation owned the facility the YMCA was in, and that would be a different entity? Just my opinion, but what the hell would I know? I was conned into buying Packer stock.... from what I hear. EDIT: For the record, a club is a corporation as well. It's just not a for profit corporation. I spent quite a bit of time two years ago actually guiding our club down here in Texas into a 501 operation. It was a headache. The rules can be stifling. [/QUOTE]
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