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NHRA must really be on the way down. I haven't heard about any real testing, NO new teams, no hype, not much going on. ADRL, doesn't seem to be much happening there either. Very little hype, no stories. Local racing down here in Texas is dead. What do you guys think?

Very Concerned...
 

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yep it has been real quiet.From the sportsman racer to the pros it is going to be a tough year. You think car counts were down last year? Wait............
 

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Take a look at the entry list for Pomona, they are going to have to scramble to get enough fuel cars to make a decent showing. Probably will be several "leakers" in the show.............just a sign of the times...:cool: JB
 

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Here This will get everybody talkin


Drag Racing Association’s Tax-Exempt Status Under Scrutiny
Press Release, January 20, 2011
Marcus S. Owens

FOR IMMEDIATE RELEASE
January 20, 2011

CONTACTS: Heather Maurer: (202) 862-7857 (202) 862-7857 Ufuoma Otu: (202) 449-9804


Washington, D.C. – The IRS has recently received an anonymous complaint, challenging the tax-exempt status of the National Hot Rod Association (NHRA). The complaint contends that the drag racing organization’s activities mimic those organized by for-profit automobile entertainment companies.

“Public information reveals that the NHRA operates like a commercial business by providing specific services to its members – whether in the form of prize money to winners or payments to race track operators or other private groups benefiting from the racing events,“ said Marcus S. Owens, former director of the exempt organizations division at the IRS and now a senior member in the Washington law firm Caplin & Drysdale.

Owens, who wrote the complaint on behalf of his client that wishes to remain anonymous, also noted that a large portion of NHRA’s revenue, totaling approximately $122 million in 2008, is derived through cash received at drag racing events, activities normally organized by for-profit entities such as NASCAR or the International Hot Rod Association (IHRA).

The letter further identifies other issues, including questionable governance structures and compensation practices. Though the Association boasts an 80,000 member roster, members do not possess voting rights to elect an independent Board of Directors to approve compensation and other matters pertaining to its Officers and Directors.

At present, compensation is determined by a “personnel committee”, who are likely to be selected and paid by NHRA officials. Based on NHRA’s 2008 tax filings, two of the Association’s executives received compensation well beyond industry standards. Thomas Compton, the Association’s President and Board Member, received $771,632 in total compensation. Dallas Gardner, Chairman of the NHRA Board, received $319,073 for one single hour of work per week. Comparable data indicates that average total compensation paid to CEOs at the ten largest trade associations in the United States was $642,447 in 2006 for full-time positions*.


* See ASAE, Association Compensation & Benefits Study (2006) at 27, T.20. Each of these organizations had more than 100 employees.


About Caplin & Drysdale
Caplin & Drysdale provides a full range of tax and legal services to companies, organizations, and individuals throughout the United States and around the world. The firm also provides exempt organization counseling, political activity law counseling, complex litigation services, employee benefits counseling, private client services, corporate law counseling, and white collar defense. For more information, visit www.caplindrysdale.com.
 

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I'm so sick of hearing the economy being brought up every year. It has a been messed up for a few years now, and we know its not getting better. So no one should be surprised that no new teams or new buzz is out there. It just is what it is.

I'm more appalled by the NHRA thing. That just shows that one of two things should be happening. Either lower prices for the spectators or increased purses for the racers. We all know that they will never lower the prices, especially if they have not already done so in the last couple years. They really need to pay the racers more. Nascar, for example, pays the racers very well, and NHRA needs to follow suit. Especially if NHRA wants to be considered in the upper tier of race organizations. These teams are spending insane amounts of money and they need more purse money to effectively pay their teams.

The last thing NHRA could do is to spend more money marketing their product. Is it a wonder that F1, Monster trucks, and Indy cars get more press in this country than NHRA does?? I think its sickening that I go to ESPN.com and can barely find anything on NHRA or drag racing. While I see tons of crap an F1 and Indy cars. F1 does not even race in the states, so why the hell are they getting so much press here?? NHRA is making the money and they need to re-invest it in their product. With the amount of money they make, there is no reason that the top drivers are not marketed like Nascar drivers. How come you see Nascar commercials on every station and tons of Nascar shows, yet NHRA commercials are shown only during NHRA telecasts. Thats terrible:peeing.
 

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well it's about to get loud over here, pushed my 68 camaro on the lift last night pulled dads old powerglide out so over the weekend the trans specialty PG and the 408 are goin in yeehaw bitches, could fire it up on gas but think i'll wait for the alky to get here but it will be soon.
 

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Son of a bitch! I knew Compton made good money as pres. of NHRA but had no idea it was that much. I guess my question is where the hell do I apply. I really want Gardners job. $319,000.00 for one hour per week. I'd say its time for a 50% cut in pay for these guys.
 

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hell they ain't worth that in a year WTF!!!!
 

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You have been payingfor years with all the shit you have to change out before it's even used.
 

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Son of a bitch! I knew Compton made good money as pres. of NHRA but had no idea it was that much. I guess my question is where the hell do I apply. I really want Gardners job. $319,000.00 for one hour per week. I'd say its time for a 50% cut in pay for these guys.
Try and catch up... It's been this way for years..
 
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