THE MEANING OF BLUE AROUND THE GLOBE. 1  In Chinese culture, colors corresponded with the five primary elements, the directions, and the four seasons. Blue was associated with wood, east, and spring. 2  Blue, blue-green, and green are sacred colors in Iran, where they symbolize paradise.
Raffle. Is a game of chance where raffle tickets are sold, a winner(s) is determined by randomly drawing a ticket stub from a container, and a prize is awarded. Almost all raffles need to be licensed. If your organization is holding a 50-50 or a drawing for a door prize, these are raffles and should be licensed.
You are correct that the exempt organization is not required to report the $5,000 raffle prize winnings. This is because they do not meet the dual requirement of the prize being $600 or more and the payout being at least 300 times the amount of the ticket. If your share of the winnings is $200, then that is the amount you will include on your tax return as âother income.â The other people are responsible for reporting their own winnings.