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Blood donation companies, non-profit?
Posted on 6/7/17 at 8:23 pm
Posted on 6/7/17 at 8:23 pm
I've always wondered if places like United Blood Services and Lifeshare are non-profit or are they giving donors a tshirt and a cookie (stuff that is donated to them), and turning around to sell the blood to hospital for a ton of money.
Back in the 80's, there was a plasma center on Chimes St that paid their donors. Is it still there?
Back in the 80's, there was a plasma center on Chimes St that paid their donors. Is it still there?
4
Posted on 6/7/17 at 8:26 pm to theantiquetiger
Is there anything medical related non-profit?
(Other than Obama-care)
(Other than Obama-care)
Posted on 6/7/17 at 8:28 pm to East Coast Band
Well, after I started this thread, I did google it, both companies are "non-profit", but I'm sure there are ways around that.
Posted on 6/7/17 at 8:31 pm to theantiquetiger
I used to work for a major blood donating company like you're talking about. I used to make different products and the send them out to hospitals. They make crazy money.
Posted on 6/7/17 at 8:33 pm to theantiquetiger
quote:
both companies are "non-profit",
As are the Dallas Cowboys.
Maybe the company itself is "non-profit", therefore simply avoids paying federal taxes, but somebody is earning way more than the value of some cookies and a t shirt in selling that blood to the hospitals/patients.
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.
Posted on 6/7/17 at 9:08 pm to theantiquetiger
Non profit my arse. They pick up free blood and sell it for $150.00 a pint.
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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