[Dailydrool] NOT FOR PROFITS

[Donna Funk]

There are a LOT of big money-making corporations that have Not-for-profit
status. The Associated Press is one of them.  Here is the definition...

Even though the name not-for-profit implies that the NPO will not turn a profit,
it is a mistaken belief that non-profits cannot and do not make money. Many
actually do make money from their own charitable activities or from ways
unrelated to non-profit purposes. The main structural component that
distinguishes profit from not-for-profit corporations is how profits are
distributed. In for-profit corporation, the profits of a corporation can be
redistributed to shareholders. In a not-for-profit corporation, the profits go
back into the organization. In addition to how profits are distributed, the
overall purpose of the organization will determine whether a corporation will
qualify as a 501(c) not-for-profit corporation.  

There are bigger salaries for officers & directors as well.  The AKC is just
like any other NFP business. They will take their money any legal way they can
get it!  Please do NOT be fooled by the term 'not-for-profit'.