[arin-discuss] [ppml] Counsel statement on Legacy assignments?

[Jeremy Anthony Kinsey]

That certainly does not seem like 7 years of operating expenses in  
surplus... Where did that number come from?

On Oct 9, 2007, at 1:49 PM, Howard, W. Lee wrote:

>> ARIN already has such a huge surplus that it strains
>> non-profit status to have such profit: ARIN can now operate
>> for something like 7 years with no further income.
>
>
> ARIN's published budget for 2007 projects about
> $10,312,000 in expenses.
> http://www.arin.net/about_us/corp_docs/budget.html
>
> ARIN's unrestricted net assets as of December 31, 2006
> were $20,413,323.
> http://www.arin.net/about_us/corp_docs/annual/ 
> 2006_audited_financials.pd
> f
>
>
> I routinely check with ARIN's financial and legal advisors
> on ARIN's not-for-profit status, and I believe it is not
> under strain.
>
> Lee
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Regards,
Jeremy Anthony Kinsey
  e-mail: jer at mia.net
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