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.
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.