On Tue, Nov 19, 2024 at 12:36 PM Noah <n...@neo.co.tz> wrote: > On Tue, 19 Nov 2024, 22:44 Owen DeLong, <o...@delong.com> wrote: >> They really aren’t. Contrary to the theories you keep pushing, they are >> businesses. They are not state agencies or quasi state agencies. >> They are not granted enforcement powers or any extraordinary >> legislative or judicial powers. They are run of the mill not-for-profit >> businesses. > > A business has private or public shareholders or stockholders who > once all taxes have been deducted on the legal entity's annual revenue > or bottomline .. the stockholders then enjoys dividends through board > resolutions.
Noah, You are correct that a non-profit organization does not have owners and thus does not produce profits for distribution to owners. Instead, it has a board of directors with a legal duty to assure it operates consistent with its non-profit mission. Owen is correct that in every other respect, a non-profit organization functions like any ordinary business. Regards, Bill Herrin -- William Herrin b...@herrin.us https://bill.herrin.us/
