Not knocking anyone with that status, but realy what does it mean to be non-profit? What benefits are there to being registered as non-profit? What requirements are there?Shannon
It generally means that:
1) No investor has an ownership interest in the enterprise and no investor receives dividends on the investment.
2) A not-for-profit may have a positive cash flow.
3) Certain government paperwork (state or federal) has been filed certifying these and other conditions
It does not mean that:
1) Nobody gets paid
2) That those who get paid get paid less than they would in a for-profit enterprise.
3) That money given is tax-deductible.
Some forms of grants to not-for-profits will actually require
that all services provided for the not-for-profit are compensated at prevailing rates
What the deal is in relation to each of these depends on what kind of legal "not-for-profit" status the entity has.
But in almost every case, "not-for-profit" does not mean that all labor is volunteer and nobody is getting paid. It's a good bet that if an organization goes ahead and files the paperwork, somebody is getting expenses paid at a minimum.
Grist for the mill.