07-30-2012, 04:23 PM
mattkime wrote:
>>Nonprofit simply means you spent all you made.
Not at all true. They are different legal entities. This impacts the structure and function of the institution.
Can you be more specific? My place of work is a nonprofit and there are a zillion places they can put their money away. I assure you they have surplus every year but they just don't call it profit.