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A non-profit can't produce profit, however they can pay their mgmt too much money. Is that what you're accusing the Vancouver Aquarium of doing?
by placeybordeaux 9y ago
A non-profit can't produce profit, however they can pay their mgmt too much money.
Is that what you're accusing the Vancouver Aquarium of doing?
- mikeyouse 9y agoNot OP, but I work in nonprofit finance -- Their financials are here: https://www.charitydata.ca/charity/vancouver-aquarium-marine-science-centre/119282119RR0001/ https://www.charitydata.ca/charity/vancouver-aquarium-marine... It looks pretty innocent as far as these things go. They do ~$40M in revenue / expenses every year, spend $1.2M on fundraising, and their management expenses are high but not unreasonable. The biggest red flag I see is a large ($15M) loan that's costing them upwards of a million/year in interest. Compensation seems pretty typical too, there's a more detailed compensation schedule on the Canada Revenue Agency's website but the link doesn't work externally. In short, there's 1 staff member making between $250k-$300k, there are 3 between $200k-$250k, and 6 between $120k-$200k.