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Not an accountant but there are different kinds of nonprofits, OpenAI is a 501c3 (religious/charitable/educational) whereas the NFL was a 501c6 (trade associati
by walthamstow 2y ago
Not an accountant but there are different kinds of nonprofits, OpenAI is a 501c3 (religious/charitable/educational) whereas the NFL was a 501c6 (trade association).
Obviously we all think of the NFL as a big money organisation, but it basically just organises the fixtures and the referees. The teams make all the money.
- FireBeyond 2y agoIf you want to be pedantic, in legal terms, no, the NFL is a big money org ($13B+/yr in revenue, with a commissioner earning $65M/yr). They pay dividends to the teams, however, yes. But all that revenue (which is distinct from team revenue) is actually legally earned by the NFL itself.
- walthamstow 2y ago65m a year... Wow! Richard Masters, the chief exec of the most watched, most popular sports league in the world is on about 2m a year.