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pixel_of_moral_decay t1_jdilpok wrote

Reply to comment by daking213 in NYC: Success Academy Buys New Properties While Planning to Charge Rent to NYC Public Schools by barweis

Non profit doesn’t mean it’s ownership and board don’t make money and can’t have incentives.

Lots of non profits are awful Susan G Komen being a classic example.

US law is pretty lax on non profit status.

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ELONGATEDSNAIL t1_jdj571u wrote

The NFL

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pixel_of_moral_decay t1_jdj5cmz wrote

Yup. Another famous “nonprofit”.

People don’t realize how little the term really means in the US. It’s a corporate tax structure, nothing more.

Another example is all these “mega churches”.

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daking213 t1_jdixjno wrote

Non profit inherently means there are no shareholders and therefore no “ownership,” meaning any additional endowment left over is not split amongst the “ownership” in the form of profit as you suggested earlier.

The salaries its board makes are considered “administrative costs” just like the administrative costs needed to cover the salaries of public school boards, and as a result of their non-profit status are public and auditable.

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drpvn t1_jdqzr6m wrote

Some real dimwits in this thread.

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