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re: Blood donation companies, non-profit?
Posted on 6/7/17 at 9:01 pm to theantiquetiger
Posted on 6/7/17 at 9:01 pm to theantiquetiger
"Non-Profit" only means that there are no retained profits/earnings by the organization, salaries are a expense, not a profit, and non-profits can and often do pay millions in salary to individuals officers of the organization, requiring only the approval of their board of directors to do so.
1
Posted on 6/7/17 at 9:11 pm to EA6B
quote:I knew someone who ran a non profit company that had exactly what you're saying.
"Non-Profit" only means that there are no retained profits/earnings by the organization, salaries are a expense, not a profit, and non-profits can and often do pay millions in salary to individuals officers of the organization, requiring only the approval of their board of directors to do so.
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