non profit salaries of board members can be extremely high, the aggregate reporting on this is poor despite the public filings, as the filings say the same things in wildly different ways
I think the weirdest meme in the non profit world is how many act poor, or actually are undercompensated, but the answer to why is “its a non profit soo….” as opposed to “the board chooses to underpay me soo…”
additionally, many things can be done with assets. even if a non profit does not directly buy a board member’s investments, it can use its funds to pump that investment. for example, buy 2 houses on the board member’s block at inflated prices, so the board member can sell their own house at a huge profit. can do the same with anything especially illiquid things like art with small float. can do it with small stocks that are easy to pump too. can do it with crypto that wont be scrutinized for pumping. as long as the transactions aren't directly to the restricted party it meets all regulations.
non profit salaries of board members can be extremely high, the aggregate reporting on this is poor despite the public filings, as the filings say the same things in wildly different ways
I think the weirdest meme in the non profit world is how many act poor, or actually are undercompensated, but the answer to why is “its a non profit soo….” as opposed to “the board chooses to underpay me soo…”
additionally, many things can be done with assets. even if a non profit does not directly buy a board member’s investments, it can use its funds to pump that investment. for example, buy 2 houses on the board member’s block at inflated prices, so the board member can sell their own house at a huge profit. can do the same with anything especially illiquid things like art with small float. can do it with small stocks that are easy to pump too. can do it with crypto that wont be scrutinized for pumping. as long as the transactions aren't directly to the restricted party it meets all regulations.