I live in a small town with a major hospital, it is a non profit. Non profit doesnt mean theres no profit, it means you have to launder the profit. I have a friend who is in the process of seeking whistleblower status to bring some of there double billing practices out in the open. They have been charging surgery carts to all patients, then the materials aren’t used, they return them to inventory.
In a non profit, thats what they call a “cost savings”. So why would prince harry, whos looking for a way to support his family in the US, want to start a non profit as he has claimed? How does one support their family on a non profit? Why do politicians all have a non profit?
You wanna know whats funny? My local non profit hospital has a massive, very cushy, high end, administration building, its probably a fourth the size of the main hospital. And keep in mind, half the main hospital is mid level admin. So where is this massive elaborate admin building where the elite admin lives? 5 miles from the main hospital, tucked away on a high security campus, where they can avoid sny scrutiny. Almost nobody even knows it exists. You would think it was a CIA installation by looking at it. They dont want the rank and file seeing how they live (they live like kings).
Non-profit means they don’t have shareholders or offer stock. Moneies that would normally be distributed to shareholders as profit instead are typically placed into an endowment where they can ensure the continuity of the business.
It doesn’t mean they don’t pay employees (sometimes excessively in the case of hospital management) or have bad billing practices.
I live in a small town with a major hospital, it is a non profit. Non profit doesnt mean theres no profit, it means you have to launder the profit. I have a friend who is in the process of seeking whistleblower status to bring some of there double billing practices out in the open. They have been charging surgery carts to all patients, then the materials aren’t used, they return them to inventory.
In a non profit, thats what they call a “cost savings”. So why would prince harry, whos looking for a way to support his family in the US, want to start a non profit as he has claimed? How does one support their family on a non profit? Why do politicians all have a non profit?
You wanna know whats funny? My local non profit hospital has a massive, very cushy, high end, administration building, its probably a fourth the size of the main hospital. And keep in mind, half the main hospital is mid level admin. So where is this massive elaborate admin building where the elite admin lives? 5 miles from the main hospital, tucked away on a high security campus, where they can avoid sny scrutiny. Almost nobody even knows it exists. You would think it was a CIA installation by looking at it. They dont want the rank and file seeing how they live (they live like kings).
Non profit, hahahahaha!
Non-profit means they don’t have shareholders or offer stock. Moneies that would normally be distributed to shareholders as profit instead are typically placed into an endowment where they can ensure the continuity of the business.
It doesn’t mean they don’t pay employees (sometimes excessively in the case of hospital management) or have bad billing practices.
They just don’t have shareholders.