Wednesday, October 19, 2005

Non-Profit = No Shareholders

Listening to KPOJ  http://www.620kpoj.com this morning on the way in ("Left side of the dial") they were talking about non-profit hospitals. Many people do not fully understand that legal non-profits DO and CAN make money - non-profit in this case means that they do not DISTRIBUTE profits to shareholders. The Oregonian had an article in it this past week about some CEOs of non-profits making $600,000+ a year in salaries. Non-Profit status does not mean the people running it cannot make a lot of money either.

0 Comments:

Post a Comment

<< Home