NBL BOARD APPROVES FIRST PHASE OF STRATEGIC PLAN
The first phase of the NBL’s new strategic plan puts the emphasis back on local track programs and support.
HILLIARD, OH. (Dec. 14, 2009) — The NBL is unveiling the first phase of the new strategic plan. This preliminary phase is aimed at local tracks, and provides for a change of its tax exemption to a 501(c)(3) Group Exemption.
With the goal of better utilizing the benefits of non-profit status, the NBL will be offering 501(c)(3) status via charters to any NBL track interested. NBL CEO Gary Aragon explains, “Chartered groups would not have any additional dues owed to the NBL under the Group Exemption. Instead they would receive access to funds we intend to raise to build the local programs. Additionally, if a group wanted to conduct their own fundraising under this umbrella, they’d be free to do so.”
Groups can participate whether they already have an exemption or not. By chartering a track, the NBL would take on the responsibility of the tax exempt reporting and filing requirements, and tracks could utilize the NBL’s umbrella exemption to benefit their program.
The second part of the plan focuses on raising funds for the NBL. As a non-profit, the NBL is eligible for many government programs and corporate funds which have been previously untapped. These funds will be used to strengthen local programs and revamp NBL services and track support. Adds Mr. Aragon, “The stated goal of the NBL is to grow the sport of BMX racing and that starts with our local tracks. NBL-chartered tracks will receive increased financial and programmatic support from the NBL office.”
NBL Senior Field Director, Donna Smith commented, “I am so excited about the direction the NBL is moving in to help promote and grow the local programs, and provide a means for tracks to update, improve and promote. Track officials have been asking for more support and help in promoting the track along with local programming and through this plan and vision they will get what they need.”
HILLIARD, OH. (Dec. 14, 2009) — The NBL is unveiling the first phase of the new strategic plan. This preliminary phase is aimed at local tracks, and provides for a change of its tax exemption to a 501(c)(3) Group Exemption.
With the goal of better utilizing the benefits of non-profit status, the NBL will be offering 501(c)(3) status via charters to any NBL track interested. NBL CEO Gary Aragon explains, “Chartered groups would not have any additional dues owed to the NBL under the Group Exemption. Instead they would receive access to funds we intend to raise to build the local programs. Additionally, if a group wanted to conduct their own fundraising under this umbrella, they’d be free to do so.”
Groups can participate whether they already have an exemption or not. By chartering a track, the NBL would take on the responsibility of the tax exempt reporting and filing requirements, and tracks could utilize the NBL’s umbrella exemption to benefit their program.
The second part of the plan focuses on raising funds for the NBL. As a non-profit, the NBL is eligible for many government programs and corporate funds which have been previously untapped. These funds will be used to strengthen local programs and revamp NBL services and track support. Adds Mr. Aragon, “The stated goal of the NBL is to grow the sport of BMX racing and that starts with our local tracks. NBL-chartered tracks will receive increased financial and programmatic support from the NBL office.”
NBL Senior Field Director, Donna Smith commented, “I am so excited about the direction the NBL is moving in to help promote and grow the local programs, and provide a means for tracks to update, improve and promote. Track officials have been asking for more support and help in promoting the track along with local programming and through this plan and vision they will get what they need.”
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- groups:
- BMX Riders
