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Ownership of Non-Profit

Asked by: SYNTHEL - 22 July, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Can the owner of a nonprofit be an employee of the nonprofit organization?
Answered by: Robert Kowalski - 25 July, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/35.jpg-687fc92d5f6c5febcbdccb6895b08b8c Dear Synthel,

Actually, non??“profit organizations don't have owners in a traditional sense, since no profit is distributed. I presume you are referring to yourself as the founder and a board member of a non-profit, who runs its affairs. As such you are entitled to receive certain salary.

The extent of the salary and possible limitations would depend on many factors, and its a good idea to discuss your plans with an attorney, specializing in organizing non-profits.

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