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/

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