Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
princekolt
on Aug 1, 2017
|
parent
|
context
|
favorite
| on:
Krita Foundation in Trouble
What defines a non-profit is that none of the income it generates should go to members, directors, or officers; and not that it can't sell stuff. [0] Most if not all non-profits I know sell stuff to pay the bills.
[0]:
https://www.law.cornell.edu/wex/non-profit_organizations
jimktrains2
on Aug 1, 2017
|
next
[–]
Pedantic, but income can and does go to employees through salary. Profit is not split among share holders and must be reinvested or saved.
roel_v
on Aug 1, 2017
|
prev
[–]
That's for US law, unrelated to this case.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
[0]: https://www.law.cornell.edu/wex/non-profit_organizations