5
taxable years 1989 and 1990, FSEP transferred bingo proceeds from
its bingo account to a savings account.
Each licensed organization had to disburse a minimum amount
of its bingo proceeds for charitable purposes on a quarterly
basis. The agency responsible for regulating bingo calculated
the quarterly minimum for licensed organizations and notified the
organizations of the amount required to be disbursed.
The parties have stipulated the amount of gross receipts
received from petitioners’ bingo and "instant bingo" activities.
The parties also have stipulated the amount of expenses and
distributed proceeds attributable to petitioners' "instant bingo"
activities based upon the proportion of gross receipts generated
by "instant bingo" to the total gross receipts received from
petitioners' bingo activities. The gross receipts and expenses
attributable to petitioners "instant bingo" activities are set
forth in Appendix A and incorporated in these findings of facts.
In addition to proceeds from bingo and "instant bingo", WSA
received amounts from dauber3 sales as set forth in Appendix A.
Petitioners' distributions from their bingo accounts and the
minimum charitable distribution requirements under Texas law for
each petitioner are set forth in Appendix B and incorporated in
these findings of facts. In addition to the amounts set forth in
Appendix B, in 1989 WSA made payments totaling $1,237.60 from its
general account to Kirsten Sotebier for her work as a bookkeeper.
3 A dauber is an inking device used to mark bingo cards.
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Last modified: May 25, 2011