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I think many people have an erroneous idea of what 'non profit' means. I run a non profit, and: legally sell items connected with our mission, the payments go to further our agency mission. We have contracts that are mostly "cost" (ie what we get reimbursed for what we spend but not for what we don't) and again, all activities further agency mission. Another contracts we've had, we negotiated an amount for the service, if it cost us less than that, we were allowed to keep the difference (kinda like you hire a painter to paint your house for 3 grand, and you don't expect a refund if he's able to do it for 2 grand his costs).
So, from what little I know about the CoS, pretty much all the stuff that folks point at as being 'profits' wouldn't necessarily effect their non profit status.
Fenris - as for that - We have documents from the feds asserting our non profit status as a 501c3 Corp. We have a document from the state asserting our status as "tax exempt" (meaning we don't pay sales taxes or property taxes). I believe they are two different things.
Last edited by wring; 17th March 2009 at 05:32 PM.
Reason: edited to add response to Fenris
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