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That’s not how NFPs work. I’m on the board of a NFP, we absolutely are able to save money year to year. The big difference between us and a regular corp is we d
by dontTREATonme 1y ago
That’s not how NFPs work. I’m on the board of a NFP, we absolutely are able to save money year to year. The big difference between us and a regular corp is we don’t have shareholders or paid board members.
- blindriver 1y agoI wasn’t clear. Mozilla was making > 400M from the Google deal. They needed to spend most of the money otherwise why would they be a nonprofit. So they would spent the vast majority of it on boondoggles, lots of all-hands in expensive locations, $400k salaries etc.
- dontTREATonme 1y agoThere are many NFPs with multi-billion dollar endowments, I don’t really understand this line of reasoning…