A profit is generating more revenue from the sale of intoxicating beverages than they cost to purchase. Simple as that.
The problem here is that you intend to use your liquor sales, up front to purchase something that will be owned by one person. That's a profit and it's illegal, under the proposed license. If the sound equipment is owned by a nonprofit mutual benefit corporation
, and it just happens to be stored at one location, that's not a profit. But, if only one person takes title to the equipment (e.g., makes the purchase and holds the receipt), then that is a profit for that person, unless he/she is purchasing the equipment on behalf of the nonprofit entity.
This would also mean that the mutual benefit corporation would be the entity applying for the liquor license, because otherwise someone else is getting the profit.
Obviously, setting up a nonprofit could be a pain in the butt, but if you intend to do this annually, then that may be what you will have to do, assuming that you intend to hold property for the mutual benefit of the membership.
That said, the government is not going to get on your case over a few bucks, because no one can predict with certainty exactly how much it costs to pour each drink (though commercial establishes can get pretty darn close). So, it's unlikely that anything would happen as the result of this bit of extra dough and the equipment purchase. But, there is
a risk, so I must identifying it, so that whomever is buying this equipment understands the risk. Unfortunately, the only means of mitigating the risk is an expensive corporation
Frankly, it would probably be cheaper to rent the sound equipment, but if you've already bought it, then it's a little late for that option.
Hope this helps.