2 ms·
> Honestly, every sentence in there is incorrect. The NFL's non-profit status has been contentious for years. > Section 501(c)(6) of the Internal Revenue Code
by jstarfish 4y ago
> Honestly, every sentence in there is incorrect.
The NFL's non-profit status has been contentious for years.
> Section 501(c)(6) of the Internal Revenue Code specifically defines professional football leagues as exempt organizations under that section. These organizations are exempt whether or not they administer a pension fund for football players. (Irs.gov)
- okprod 4y agoTo be clear, the difference between the NFL (when it was a 501(c)(6)) and Mozilla as a 501(c)(3) is the former tax status specifies an entity's purpose as serving members of an association, while 501(c)(3)s have a purpose to serve the public good. Strictly from a nonprofit financial perspective and from reviewing its most recently filed public 990, Mozilla doesn't pay its senior staff an exorbitant amount; it looks to be an entity with $20-$30M in revenue and double that in assets, so seeing its highest paid employees making $200-$300K isn't out of the ordinary. It does look to pay quite a bit to Upwork, which I assume is their rent expense. It can be difficult to tell from a 990 if there is fraud going on however.