The Truth About Nonprofits

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[CaseyBurnsInvesting]

Everybody has to make more than they spend unless they’re the government.

[peterfox]

"Non-profit" does not mean people aren't making money

[jesusbowls]

She said she wants to collect money from donors. If she establishes as something other than a non-profit, then the donors can't get tax write-offs. That Dave misses out on this key point is pretty astounding, as somebody who claims to be such a prolific donor.

[MRDDev]

The truth is non profits are for profits, is just a name to avoid taxes

[Gazziza]

Saying "non-profit" just sounds oh so trendy and righteous. I used to work for a "non-profit". They happened to be the largest medical system and the largest employer in the state. The CEO was great at cutting cost, cutting salary and delivering "value based" medical care. He was raking in millions and they were even granted the PPP loan during the pandemic. You can still be a mega corporation and be a "non-profit". It has everything to do with tax designation and nothing about making money bc oh do they make money.

[BernadetteTeachesMusic]

If your business makes enough money to pay your salary, then you can dedicate more time to it and bless more people ❤️❤️❤️

[JonathanSorunke]

Money isn’t evil but the LOVE of money is the root of all evil

[CoolHandLuke]

Caller says “Profit scares me”?? Never heard of someone scared of making money

[brockb]

Non-profit means that profits have to go back into the charity or organization. You don't distribute to the shareholders.

[JumpStartMyNonprofit]

Nonprofit classification is most helpful for donations if you are soliciting donations that people or organizations want to write off (which is do) and you have a Nonprofit is a great way to go

[richardgreene]

One of the biggest reasons I want to start a non-profit is because I don't want to sell b.s. to customers, competing for their discretionary income, by kissing their behinds. I'd rather serve the needy by getting financial help from the well-to-do. I wouldn't do it to be more saintly than a for-profit.

[ChrisShewPodcast]

Thanks for the info! I read your book earlier this year. I appreciate your take on topics people rarely ever talk about.

[chilloften]

I work in a long term care facility that is non profit. It is extremely short staffed in all areas of actually taking care of the patient. And they do not care.
Families see & feel the short staff but don’t question because it’s a non profit.
Unbelievable.
It’s seriously a shame the workload, and so obvious they do not care about the patient.
So many chiefs to complain about you, so very, very, few Indians to do the work.
It’s heartbreaking, back breaking, and risky professionally.

[.koreans.american]

Nonprofit is not nonprofit. It's non-tax.

[xdebjones]

I worked and volunteered for nonprofits. Saw some serious scams off "helping" poor people. And these CEOs hire friends and family of friends easy jobs nice salaries. Stupid abuse of expense accounts. Way worse things. I never expected any of those things working for nonprofit companies/charities.

[TimiKomo]

Thanks for covering this topic, Dave! I was just discussing this with my lawyer friend. I do believe you can accomplish a lot of good with both the for-profit and the not-for-profit model. I’m realizing that both can be mutually beneficial if you’re trying to do some good in the world.

[wilfredogonzalez]

Hey guys, thank you for your honesty.

[swackhammer]

The NFL was a nonprofit up until 2015. There can be a lot of money made working for and running a non-profit. Running it ethically, or morally, makes it more difficult.

[breakthroughthemovie]

Love it!!! Thanks for your help with information I was looking for and I never heard of you or your show … god thing ❤

[salgadobrandon]

She keeps saying “right” but has no idea what a non-profit is..