I see you also have never worked for a “non” profit. (this is a joke ha ha)
Being registered as a nonprofit is about tax consequences. That’s all being a 501* means - you can still make money, you just can’t directly take it out either for yourself or shareholders. It’s just classifying profits differently. Technically, in fact, revenue - expenses = profit regardless of how it’s classified or what you end up doing with the excess money.
So… many nonprofits exist to pay certain special people very high salaries under the guise of “doing good” and “having impact”.
Yes I’m being a little obtuse about the word for sheets and geegles. But it’s to make a simple point: Almost all nonprofits exploit their workers by under-paying them in the name of “the cause”. Being a nonprofit and not paying shareholders or a private owner the excess money resulting from revenue-expenses (ie profit) should not exempt an entity from paying it’s workers fairly.
Do you know what profit means? Because the motive you’re describing isn’t profit. It’s salary and benefits.
I see you also have never worked for a “non” profit. (this is a joke ha ha)
Being registered as a nonprofit is about tax consequences. That’s all being a 501* means - you can still make money, you just can’t directly take it out either for yourself or shareholders. It’s just classifying profits differently. Technically, in fact, revenue - expenses = profit regardless of how it’s classified or what you end up doing with the excess money.
So… many nonprofits exist to pay certain special people very high salaries under the guise of “doing good” and “having impact”.
Yes I’m being a little obtuse about the word for sheets and geegles. But it’s to make a simple point: Almost all nonprofits exploit their workers by under-paying them in the name of “the cause”. Being a nonprofit and not paying shareholders or a private owner the excess money resulting from revenue-expenses (ie profit) should not exempt an entity from paying it’s workers fairly.