Traditionally, a non-profit organization performs a charitable function. In return, it receives generous tax breaks to provide needed assistance in achieving its goals.
But how much assistance could Dismas Charities possibly need?
They may have been finally shamed into giving up those pricey luxury boxes at U of L football and basketball games, but they were more than ready to spend the cash until it became a public embarrassment. Meanwhile, the organization manages to pay its top two executives over a million dollars a year, and its next four top officers over $200,000 apiece.
I don't begrudge Dismas their success. But I do feel we need to take a hard look at their non-profit status. If they're doing that well I think they should be paying taxes like all other successful businesses.
The purpose of the non-profit designation is to ensure that needed services don't have to be curtailed – not to give an unfair advantage to one group while top executives line their pockets.
And at a time when Kentucky is really struggling financially maybe Dismas doesn't need as much state aid as they've been getting, since they're doing so well and all.
Dismas may not be doing anything wrong according to the letter of the law. But they seem to be thumbing their noses at its spirit. And I think closer examination is in order.
I'm Bill Lamb, and that's my…Point of View.