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Not anymore http://www.nydailynews.com/sports/football/nfl-no-longer-non-profit-giving-tax-exempt-status-article-1.2202484 http://www.nydailynews.com/sports/foo

• jtbayly 7y ago
  Thanks. Not sure how I missed that. Regardless, the point still stands. Non-profit just means profit isn't its primary goal, but rather generally some mission. A non-profit can make oodles of money, but if it closes up shop, it can't be distributed to the "owners." It has to go to another non-profit.
  • vonmoltke 7y ago
    The NFL had a specific exemption added to the tax code just for it, so it really isn't a good example anyway. Nobody else could form such a "non-profit" without a literal act of Congress.