NYRA increases purses

[ELA]

Originally Posted by ARyan

Wow, I thought your posts were great untill this one Actually just that in bold the rest was still reasoned well and very much on point...

NYRA maybe improved, but it still needs much more reform (internally and with help from the State) to be a better not-for-profit.

Which brings up another interesting point. I have not seen anyone mention that NYRA is not, I believe, a "non-profit" but a "not-for-profit." While the differences are debatable, I believe they are very different. Its a different discussion, but one that I feel should be included when discussing the profitablity and bankruptcy's of NYRA and the State of NY.

To be honest, I thought I said that. I did mean that. I did not point blank say that they need much more reform, but I agree, along the lines of the things I was talking about -- transparency, accountability, and so on. However, one component that is absolutely needed for a better NYRA -- is not only internal, but external -- is a complete overhaul of the laws, legislation and operating environment.

As far as Spitzer, I expect many people to have different opinions and tastes. That's why Baskin-Robbins has all those flavors, LOL.

Regarding the not for profit and nonprofit aspect, I've heard too many people debate nonprofit, not for profit, quasi-nonprofit, quasi this, that, and so on. Professionally, and personally, I have much involvement in the (let's just call it) nonprofit world.

I wouldn't debate the issue, as in this forum it's a fallacious arguement. However, not for profit and nonprofit -- both are a tax status, they are not a management style.

Eric

[ARyan]

Originally Posted by ELA

To be honest, I thought I said that. I did mean that. I did not point blank say that they need much more reform, but I agree, along the lines of the things I was talking about -- transparency, accountability, and so on. However, one component that is absolutely needed for a better NYRA -- is not only internal, but external -- is a complete overhaul of the laws, legislation and operating environment.

As far as Spitzer, I expect many people to have different opinions and tastes. That's why Baskin-Robbins has all those flavors, LOL.

Regarding the not for profit and nonprofit aspect, I've heard too many people debate nonprofit, not for profit, quasi-nonprofit, quasi this, that, and so on. Professionally, and personally, I have much involvement in the (let's just call it) nonprofit world.

I wouldn't debate the issue, as in this forum it's a fallacious arguement. However, not for profit and nonprofit -- both are a tax status, they are not a management style.

Eric

Agreed. I also have much involvement in that not-for-profit/non-profit world. However we are an independent contractor that makes our profit on making these non-profits/not-for-profits capital gain. If we don't enable them to increase capital, we don't make our income. Many sides of the die in the non-profit/not-for-profit world. It truely is an issue that, I feel, should be debated in the case of NYRA and NYS, but perhaps not in this discussion in this thread, it seems complicated and agressive enough...