Quote:
Originally Posted by John DiBartolomeo
This from Jon Asher: not for profits are not held to a different set of standards regarding public relations efforts and the like. Those differences are ONLY in the manner in which their taxes are paid and collected. They are free to run their businesses in any way they deem necessary.. They’re free to do whatever they like in terms of paying their employees, advertising their services or virtually anything else. The only financial restrictions they face are in regards to how much money they can have on hand at the end of the tax year.
|
There are no restrictions on how much money a tax-exempt organization can have at year-end. The main restriction is that profits must be used for the organization's work and that no profits can be distributed to members.