-9-
January 1, 1985, and was a member of the board of trustees from
January 1, 1985, through January 1, 1987. Thomas Wilkens
(hereinafter sometimes referred to as Wilkens) was petitioner’s
president from January 1, 1985, through September 30, 1986.
Ernest Zeve (hereinafter sometimes referred to as Zeve), a former
president of petitioner, was petitioner’s treasurer during the
years in issue. Zeve died before the trial in the instant case.
Petitioner reported on its Forms 990 for the years in issue
fundraising revenues, expenses, net income, and other income as
shown in table 1.
Table 1
Fiscal Gross Direct Net
Year Fundraising Revenues Expenses Income
1984 Bingo $473,956.63 $402,474.28 $71,482.35
Luncheons 14,795.00 3,043.63 11,751.37
Reverse raffle 12,170.00 6,551.75 5,618.25
Other events 22,074.06 12,614.73 9,459.33
Total fundraising 522,995.69 424,684.39 98,311.30
4(...continued)
provides for a chairman of the board and for an executive
director, but not for a president. We note that the Club had an
office of “Chief Barker”, which apparently was more-or-less
equivalent to both president and executive director. See supra
note 3.
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