Re:EleutherAI announces it has become a non-profit
by dragonwriter on Thursday March 02, 2023 @05:46PM
(#35003156)
> Having said that, plenty of extremely profitable organizations masquerade (literally and figuratively) as non-profits.
Non-profit doesn’t mean the organization isn’t supposed to have surplus revenue, it means it doesn’t exist to return profits (e.g., via a claim on the assets of the company) to stockholders or some other beneficiary with a claim on them.
Non-profit doesn’t mean the organization isn’t supposed to have surplus revenue, it means it doesn’t exist to return profits (e.g., via a claim on the assets of the company) to stockholders or some other beneficiary with a claim on them.