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"Why is the NFL a non-profit: https://www.publicsource.org/why-is-the-nfl-a-nonprofit/ https://www.publicsource.org/why-is-the-nfl-a-nonprofit/ The total reve

"Why is the NFL a non-profit: https://www.publicsource.org/why-is-the-nfl-a-nonprofit/ https://www.publicsource.org/why-is-the-nfl-a-nonprofit/ The total revenue of the NFL has been steadily increasing over the years, with a significant drop in 2020 due to the impact of the COVID-19 pandemic12. Here are some figures: 2001: $4 billion 2010: $8.35 billion 2019: $15 billion 2020: $12.2 billion 2021: $17.19 billion 2022: $18 billion

sfmz 3y ago
https://www.cbssports.com/nfl/news/nfl-ends-tax-exempt-status-after-73-years-3-things-to-know/ https://www.cbssports.com/nfl/news/nfl-ends-tax-exempt-statu... Every dollar of income generated through television rights fees, licensing agreements, sponsorships, ticket sales, and other means is earned by the 32 clubs and is taxable there. This will remain the case even when the league office and Management Council file returns as taxable entities, and the change in filing status will make no material difference to our business.
- samstave 3y ago
  Gee... I wonder if that had anything to do with the internet and so many people becoming aware of their Mega Church Model due to the Information SuperHighway?
swasheck 3y ago
> Update April 28, 2015: In the midst of several National Football League scandals last October, PublicSource asked freelance writer Patrick Doyle to take a look at the nonprofit status of the league. On April 28, NFL Commissioner Roger Goodell said the league will no longer be tax exempt, eliminating a “distraction.” no longer a non-profit but no less hypocritical
- samstave 3y ago
  [dead]
zelias 3y ago
Does this mean that I can deduct my overpriced Jets tickets as a charitable donation? That's certainly what it feels like in any case...
- vonmoltke 3y ago
  I know this is a joke (like the Jets), but the NFL was a 501(c)(6) organization. You can't deduct donations to those.
Solvency 3y ago
Because a non-profit is just a class of business structure no different from an LLC or S-Corp and every company will incorporate based on which is the most advantageous to their business goals. It's average people who have conflated this idea that NPs only exist to serve as charitable heroes for humanity.
- samstave 3y ago
  NO DIFFERENT? How do I form my own Church of Sam. Why would I pay taxes when people believe in me?
necovek 3y ago
A non-profit simply has to spend all of the earnings, and it makes sense as a joint org for a number of for-profit enterprises (clubs) who all take part in the earnings. Even if it was for profit company and it paid out all the surplus earnings to shareholders (owning clubs), it would be taxed zero on zero earnings (they'd just have to ensure all payouts happen within the calendar year).
- samstave 3y ago
  Hi, im SEC reality. Guess, what - you missed the loophole. Take a look at Sarah Palin's Daughter's' charity foundation Against Teen Pregnacy - founded after she, herself, was impregnated as a teen and it was a scandal on Sarah Palin's political shenanigans.... (much like boabert - his Drug/Thievery ~~guild~~ Addiction Foundation, soon to follow).... Sarah Palins daughter got pregnant as a team, caused shame on the campaign - and started a foundation to help "stop teen pregnancy" Then when the 503 filed, it was revealed that the Daughter was being paid ~$450,000 a year plus expenses from "managing the foundation" for the donations they solicited. --- If you dont know how "foundation" is the Secret Financial Handshake For "Yep, Ill launder money for you, and you launder money for me!... donate to my TAX DEDUCTABLE FOUNDATION/CHARITY... and Ill do the SAME to yours with the Money you "donated" to me! (excluding my fee of course) This is literally what Foundations do. (if you have never looked into the SEC filings for the Salvation Army (I have read some of their filings cover to cover.... biggest financial scam charity in the country, whos finances are available...) money laundering is a game. Like Polo. --- >>>The company remains governed by the nonprofit and its original charter today. " https://i.imgur.com/I2K4XF5.png https://i.imgur.com/I2K4XF5.png - https://www.weforum.org/people/sam-altman/ https://www.weforum.org/people/sam-altman/
  - necovek 3y ago
    Sure, I was mostly referring to NFL case and profit taxation, not to how non-profit foundations are abused in general. NFL can achieve the same taxation level as a for-profit if it's more careful about distributing all surplus earnings before the end of the year. Someone could certainly abuse the non-profit status there too, but nobody brought those cases up.

sfmz 3y ago

https://www.cbssports.com/nfl/news/nfl-ends-tax-exempt-status-after-73-years-3-things-to-know/ https://www.cbssports.com/nfl/news/nfl-ends-tax-exempt-statu... Every dollar of income generated through television rights fees, licensing agreements, sponsorships, ticket sales, and other means is earned by the 32 clubs and is taxable there. This will remain the case even when the league office and Management Council file returns as taxable entities, and the change in filing status will make no material difference to our business.

samstave 3y ago
Gee... I wonder if that had anything to do with the internet and so many people becoming aware of their Mega Church Model due to the Information SuperHighway?

swasheck 3y ago

> Update April 28, 2015: In the midst of several National Football League scandals last October, PublicSource asked freelance writer Patrick Doyle to take a look at the nonprofit status of the league. On April 28, NFL Commissioner Roger Goodell said the league will no longer be tax exempt, eliminating a “distraction.” no longer a non-profit but no less hypocritical

samstave 3y ago
[dead]

zelias 3y ago

Does this mean that I can deduct my overpriced Jets tickets as a charitable donation? That's certainly what it feels like in any case...

vonmoltke 3y ago
I know this is a joke (like the Jets), but the NFL was a 501(c)(6) organization. You can't deduct donations to those.

Solvency 3y ago

Because a non-profit is just a class of business structure no different from an LLC or S-Corp and every company will incorporate based on which is the most advantageous to their business goals. It's average people who have conflated this idea that NPs only exist to serve as charitable heroes for humanity.

samstave 3y ago
NO DIFFERENT? How do I form my own Church of Sam. Why would I pay taxes when people believe in me?

necovek 3y ago

A non-profit simply has to spend all of the earnings, and it makes sense as a joint org for a number of for-profit enterprises (clubs) who all take part in the earnings. Even if it was for profit company and it paid out all the surplus earnings to shareholders (owning clubs), it would be taxed zero on zero earnings (they'd just have to ensure all payouts happen within the calendar year).

samstave 3y ago
Hi, im SEC reality. Guess, what - you missed the loophole. Take a look at Sarah Palin's Daughter's' charity foundation Against Teen Pregnacy - founded after she, herself, was impregnated as a teen and it was a scandal on Sarah Palin's political shenanigans.... (much like boabert - his Drug/Thievery ~~guild~~ Addiction Foundation, soon to follow).... Sarah Palins daughter got pregnant as a team, caused shame on the campaign - and started a foundation to help "stop teen pregnancy" Then when the 503 filed, it was revealed that the Daughter was being paid ~$450,000 a year plus expenses from "managing the foundation" for the donations they solicited. --- If you dont know how "foundation" is the Secret Financial Handshake For "Yep, Ill launder money for you, and you launder money for me!... donate to my TAX DEDUCTABLE FOUNDATION/CHARITY... and Ill do the SAME to yours with the Money you "donated" to me! (excluding my fee of course) This is literally what Foundations do. (if you have never looked into the SEC filings for the Salvation Army (I have read some of their filings cover to cover.... biggest financial scam charity in the country, whos finances are available...) money laundering is a game. Like Polo. --- >>>The company remains governed by the nonprofit and its original charter today. " https://i.imgur.com/I2K4XF5.png https://i.imgur.com/I2K4XF5.png - https://www.weforum.org/people/sam-altman/ https://www.weforum.org/people/sam-altman/
- necovek 3y ago
  Sure, I was mostly referring to NFL case and profit taxation, not to how non-profit foundations are abused in general. NFL can achieve the same taxation level as a for-profit if it's more careful about distributing all surplus earnings before the end of the year. Someone could certainly abuse the non-profit status there too, but nobody brought those cases up.