[mythtv-users] Supporting schedulesdirect.org (Tom Greer)

[Chris K]

Brian Wood wrote:
> On Tuesday 07 August 2007 15:09, Braindead wrote:
>
>   
>> A non-profit organization doesn't mean people aren't going to profit, even
>> though technically they are receiving compensation for services.  Many
>> people who run non-profit organizations make huge salaries, they aren't
>> profits technically.
>>
>> I'm not suggesting that's the case here (I certainly hope it's not).  But
>> just because an organization is "non profit" doesn't really mean much at
>> all.
>>     
>
> "Non-profit" can mean a lot of things. Most people confuse "non-profit" with 
> 403C (I think) which means that contributions to that entity are 
> tax-deductible. You can also have a "non-profit" that does not meet those 
> requirements.
>
> You also have to deal with various legal matters, like what happens to the 
> corporations assets if it disolves, I believe there is some requirement that 
> contributed funds go someplace in keeping with the intent of the 
> contributors. All these things have to be worked out, and I suspect the Myth 
> developers are getting an education in matters they never had to deal with 
> previously, ultimately to the benefit of us all.
>
> None of which matters here. If I receive something of value to me I expect to 
> pay for it in some way. To not do so is to be a leech, one of the lower forms 
> of life on earth.
>
>   
Did you mean 501(C)(3)?