In a message dated 09/13/2001 10:28:18 AM Eastern Daylight Time,
[EMAIL PROTECTED] writes:
> I find it truly odd that a non-profit can't make any money, especially since
> the non-profit that I am the Director of Finances for exists with the
intent
> to make money on sales. The prime difference between a non-profit and for
> profit business are the inability to sell stocks/bonds/insurances that a
> non-profit must abide by. Otherwise, they are welcome to make as much money
> as possible. If they are tax exempt, they get to keep it all. If not, they
> pay 15% or more in taxes on what they earn. The is no reason that I aware
> of for a non-profit to not make money..
The term "profit" has a different meaning when you start talking about
nonprofit organizations. Yes, nonprofits can (and usually must) make money
and grow, but they can not exist to "profit". There are also several
different types of nonprofit organizations. I never said we can't make
money, but what we can't do is allow open content to provide a loophole for
the _wrong_ kind of profit to be attributed to BWR through a volunteer or
board member.
Maggie
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