daking213 t1_jdixjno wrote
Reply to comment by pixel_of_moral_decay in NYC: Success Academy Buys New Properties While Planning to Charge Rent to NYC Public Schools by barweis
Non profit inherently means there are no shareholders and therefore no “ownership,” meaning any additional endowment left over is not split amongst the “ownership” in the form of profit as you suggested earlier.
The salaries its board makes are considered “administrative costs” just like the administrative costs needed to cover the salaries of public school boards, and as a result of their non-profit status are public and auditable.
drpvn t1_jdqzr6m wrote
Some real dimwits in this thread.
Viewing a single comment thread. View all comments