Is it possible that this is very well thought out?
"The nonprofit group plans to offer two-hour tours at an initial cost of $65 per adult. Profits will be funneled back into the community through jobs, "franchised" tours in new areas and micro-loans to inner-city entrepreneurs."
non profit organization = income tax exempt
profits get funneled back into the community through business expansion and loans to other "entrepreneurs".
Typical nontaxable activities by nonprofit organizations
• Sales of tickets for concerts, movies, plays, shows, and similar events when
food and meals are not included in the ticket price.
• Sales of tickets for game booths and raffles when prizes are not guaranteed to
every ticket purchaser.
That means no taxes for selling tickets to the hood tourists.
Plus the bus will most likely be a deduction and if they give back to the community they qualify for even more tax exemptions.
http://www.boe.ca.gov/pdf/pub18.pdf
Anyways... this could be the biggest money wash in the area. Operating under non profit status and loaning money back into the community.
Lol... They might have 3 people show up for the tour but they can claim 300... who gives a fuck right?
..................... but I doubt it :knockout: