Thread: Chiefs Did You Know The NFL Is Classified As A 501(c) Non-Profit Organization?
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Old 04-05-2013, 03:04 PM   #18
DaFace DaFace is offline
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I'll repost my response from the last time someone brought this up.

http://www.chiefsplanet.com/BB/showthread.php?t=268065

Quote:
Originally Posted by DaFace View Post
People always have trouble distinguishing between "not for profit" and "don't make any money." Nonprofit organizations can make millions of dollars, but they just can't pay whatever they make out to shareholders or owners in any way. They can only pay expenses and salaries.

In this case, the NFL doesn't have shareholders, and all they do is pay the salaries of their staff (which are obviously quite high for high-ranking guys like Goodell). Also, keep in mind that the NFL doesn't make nearly as much money as the teams themselves do.
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