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Play with Cookie Tuesday Morning for a $5.00 Afternoon Game

Play in Cookie's Tuesday morning 299er game and
pay only $5.00! for the 1:00 PM 750 Section!


WOW! 
$5.00 for the 2nd game!

299er Pass Program Oct-Dec and Fri AM 299er Game is Back

Back by popular demand we are re-starting the 299er "Shoulder Season Pass Program." Effective October 1, 2019, if you have 299 masterpoints or less on that date, you are eligible to purchase "The Pass." Pass pricing is $75 for one month or $200 for 3 months for October, November and December. The Pass allows you to play in an UNLIMITED number of games at DBC--that's 8+ games a week, morning or afternoon, restricted or open, new facility and old. You may sign up for this great value-offer with Sean.  The Unit's hosted December 1 Holiday Game is not included.

FRIDAY MORNING 9:00 am 299er  GAME WITH MARIE
RESUMES ON OCTOBER 4th !

 

DONATIONS OF STOCK

As a 503(c)(3) organization your donations to Coachella Valley Bridge Foundation are deductible to the fullest extent of the law.  You might want to consider donating appreciated stock that has been held for at least one year.  In doing so your tax deduction is the fair market value of the stock on the date of donation (not what you paid for the stock).  You also avoid paying capital gains tax (usually 15% of the gain) if you transfer the stock directly to Coachella Valley Bridge Foundation (as opposed to selling it and donating the proceeds). 

Should you wish to donate stock to Coachella Valley Bridge Foundation the following information needs to be to be provided to your broker:

  • DTC # 0226
  • Fidelity Account # Z48-721996

Your contribution will go towards the construction of your new bridge center and would be most welcome.  Make personal checks payable to CVBF, c/o Guy Brackett, 1595 S. San Joaquin Drive, Palm Springs, CA  92246.

Sign on by clicking above and choose Coachella Valley Bridge Foundation.

or you can send your tax deductible check to CVBF c/o Guy Brackett, 1595 S. San Joaquin Drive, Palm Springs 92264.
 

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About Nonprofit Organizations

Nonprofit Law Basics: Who Owns a Nonprofit?

 BY 

Who owns a nonprofit?

No one.

A major misconception about nonprofit organizations concerns ownership of a nonprofit. No one person or group of people can own a nonprofit organization.

Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. But nonprofit organizations do not have private owners and they do not issue stock or pay dividends. And while nonprofit organizations can earn a surplus, that income must be reinvested in the nonprofit organization — possibly to benefit or expand programs according to the charitable mission. But that income cannot be distributed to persons.

If there is no owner, who manages and controls a nonprofit?

Once incorporated, the newly created nonprofit organization is a separate legal entity from its incorporators, directors, officers, and employees. The nonprofit corporation owns assets of the business and is entitled to receive the revenue from its operation.

Many nonprofits are managed by boards; others may be managed by voting members. When a nonprofit first begins operating, the board members, along with the founder(s), may perform many of the tasks of the organization. As the nonprofit grows, the board may begin hiring staff members to develop and lead programs as the board and/or voting members continue to oversee the organization.

But none of these individuals or groups have any ownership rights in the organization. And while they don’t own the nonprofit, they do have significant legal and ethical duties that cannot be delegated to others. Learn more about directors’ duties.

What about the founder? Doesn’t the founder of a nonprofit own it?

No. The founder does not own the nonprofit.

Certainly, starting a nonprofit organization takes considerable time, effort, and money. And the founder may feel closer to the mission and the programs than anyone else. But that founder does not have any ownership rights in the nonprofit.

Often times the founder will serve on the initial board of directors, which manages the nonprofit. The board safeguards the public’s interest to ensure that the organization operates in accordance with its mission and the purpose for which it was granted tax-exempt status and protects the assets of the nonprofit.

As a member of the board of directors, a founder has the same responsibilities as other board members. While a founder may feel closer to the organization that she helped to form, a founder has no ownership rights regarding the nonprofit corporation.

To whom is the the nonprofit accountable?

The organization is accountable to many constituencies.

    • The General Public. Nonprofits are created to provide a charitable purpose to the public good, whether as charities, educational programs, churches or religious groups, or scientific or artistic organizations.
    • State Agencies. Nonprofits must also comply with certain regulations in the states in which they operate. These may also require public disclosure of specific documents or the filing of certain reports.
    • The IRS. Certain tax-exempt entities follow rules set by the IRS to keep their tax-exempt status.

Can a nonprofit be sold?

No. A nonprofit cannot be sold to another individual or organization. Additionally, the assets acquired by a nonprofit were acquired with the understanding that they will be used to further the mission of that organization. If a nonprofit decides to cease operations, the organization must settle all debts and distribute all of the nonprofit’s remaining assets to another nonprofit corporation before it can be dissolve