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But. They can be paid as salaries. :)
by konschubert 3y ago
But. They can be paid as salaries. :)
- sarchertech 3y agoYes but the salaries have to be reasonable. You can’t setup a charitable organization and then pay yourself $10 million a year to run it. And the people getting paid are usually separate from the people in charge. Most of the time board members of non-profits are either unpaid or are paid a small token amount. When they are paid, it’s not going to be a meaningful chunk of the profits.
- cmiles74 3y agoNote that in the article, non-profit hospitals paid their top three CEOs $20 million. "The top three hospital administrators there made nearly $20 million in salaries."
- sarchertech 3y agoThe CEO is an employee of the board. From a non-profit perspective that’s no different than spending $20 million on a building.
- cmiles74 3y agoLOL! At least a building can hold beds.
- sarchertech 3y agoAgain CEO salary usefulness isn’t relevant to the claim that “Non-profits can’t distribute profits, but they can pay salaries.” The people in control, the board, can’t pay themselves crazy salaries. That is the relevant point.