NBC World Series seeking nonprofit status
WICHITA, Kan. (AP) — Officials with the National Baseball Congress World Series say they hope to hear by the fall whether the organization will receive nonprofit status from the Internal Revenue Service.
City Manager Robert Layton says attorneys are confident the amateur baseball tournament will be declared nonprofit, which supporters believe will help secure the financial future of the 80-year-old tournament.
The Wichita Eagle reports nonprofit status would enhance the tournament’s efforts to attract sponsors, which would get tax benefits for supporting the World Series.
Layton says the city will appoint a volunteer board to direct the tournament once the IRS acts.
The city of Wichita also is pursuing a national television deal for next summer’s tournament.