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The College Board Monopoly

rarugged
Posts: 172
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7/22/2011 12:16:13 PM
Posted: 5 years ago
Non-profit organization, yeah right. The CEO makes just shy of a million a year.
If Jesus came back tomorrow, a cross would be the last thing he would want to see.
Ore_Ele
Posts: 25,980
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7/22/2011 2:28:31 PM
Posted: 5 years ago
At 7/22/2011 12:16:13 PM, rarugged wrote:
Non-profit organization, yeah right. The CEO makes just shy of a million a year.

non-profit doesn't mean that no one gets paid. It means that the goal of the company isn't for making profits. Typically, the CEO is on a fixed salary, and any net profits go to some cause rather than to shareholders. For college board, I believe that cause is scholarships.
"Wanting Red Rhino Pill to have gender"
innomen
Posts: 10,052
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7/22/2011 2:51:31 PM
Posted: 5 years ago
At 7/22/2011 2:28:31 PM, Ore_Ele wrote:
At 7/22/2011 12:16:13 PM, rarugged wrote:
Non-profit organization, yeah right. The CEO makes just shy of a million a year.

non-profit doesn't mean that no one gets paid. It means that the goal of the company isn't for making profits. Typically, the CEO is on a fixed salary, and any net profits go to some cause rather than to shareholders. For college board, I believe that cause is scholarships.

And generally don't have to pay taxes.
Ore_Ele
Posts: 25,980
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7/22/2011 3:09:02 PM
Posted: 5 years ago
At 7/22/2011 2:51:31 PM, innomen wrote:
At 7/22/2011 2:28:31 PM, Ore_Ele wrote:
At 7/22/2011 12:16:13 PM, rarugged wrote:
Non-profit organization, yeah right. The CEO makes just shy of a million a year.

non-profit doesn't mean that no one gets paid. It means that the goal of the company isn't for making profits. Typically, the CEO is on a fixed salary, and any net profits go to some cause rather than to shareholders. For college board, I believe that cause is scholarships.

And generally don't have to pay taxes.

well yeah, if you have no profits, you have no taxes. Though I understand giving them a wave on taxes since it is not always possible to donate the money in the same period that it was made, since you have to make sure you're giving out the right amount (over donating can be bad, since they likely have very little capital to actual dip into).
"Wanting Red Rhino Pill to have gender"
Ore_Ele
Posts: 25,980
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7/22/2011 3:09:43 PM
Posted: 5 years ago
At 7/22/2011 3:03:03 PM, freedomsquared wrote:
IKEA anyone?

IKEA is not non-profit.
"Wanting Red Rhino Pill to have gender"
Ore_Ele
Posts: 25,980
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7/22/2011 3:10:00 PM
Posted: 5 years ago
At 7/22/2011 3:09:43 PM, Ore_Ele wrote:
At 7/22/2011 3:03:03 PM, freedomsquared wrote:
IKEA anyone?

IKEA is not non-profit.

nor really education based, for that matter.
"Wanting Red Rhino Pill to have gender"
freedomsquared
Posts: 450
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7/22/2011 3:11:08 PM
Posted: 5 years ago
At 7/22/2011 3:09:43 PM, Ore_Ele wrote:
At 7/22/2011 3:03:03 PM, freedomsquared wrote:
IKEA anyone?

IKEA is not non-profit.

Yes, legally, it is considered a non-profit organization.
http://www.justmeans.com...
I was pretty shocked when this came up as a debate topic as well.
But it's Norway, sort of the Canada of Europe."
-innomen

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darkkermit
Posts: 11,204
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7/22/2011 3:47:24 PM
Posted: 5 years ago
How do non-profits get the capital If profits aren't allowed? Does it obtain capital via donations or from wealthy philanthropists?
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belle
Posts: 4,113
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7/22/2011 10:20:55 PM
Posted: 5 years ago
At 7/22/2011 3:47:24 PM, darkkermit wrote:
How do non-profits get the capital If profits aren't allowed? Does it obtain capital via donations or from wealthy philanthropists?

the first IKEA stores were opened long before the owners created a nonprofit holding company to avoid taxes.
evidently i only come to ddo to avoid doing homework...