Viewing a single comment thread. View all comments

rikki-tikki-deadly t1_j9ftu29 wrote

Remember, "nonprofit" just means that they don't have investors and instead must spend all the money they take in on salaries, business trips, events, etc.

126

AllPintsNorth t1_j9fwo1d wrote

As a former nonprofit exec, the core of my training throughout my career was “nonprofit is a tax status, not a business model”

104

justforthearticles20 t1_j9fy68v wrote

Churches all feel that way as well.

38

BubbaTee t1_j9g9a95 wrote

Universities too. Nothing says "non-profit" like Alabama and USC selling $75 football jerseys and $15 beers at a concession stand, during games which CBS and ESPN pay them billions to broadcast, and whose coaches are the highest paid "educators" in the state.

40

Muvseevum t1_j9gwzzh wrote

The coach is usually the highest-paid state employee. I still love SEC football, though.

11

reverendsteveii t1_j9k6ojd wrote

Our local uni owns a network of hospitals and an assload of property and every time they go to our local or state government to ask them for more of my money someone on their executive board who makes 8 figures/year reminds us that they're a non-profit, that all they want to do is serve the community and that actually we're very fortunate and grateful that they're here at all.

1