'not for profit' don´t means don´t charing money, it means that money don´t goes... | Hacker News

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gmazzotti on Jan 20, 2013 | parent | context | favorite | on: Meetup, you've been bad, bad hosts

'not for profit' don´t means don´t charing money, it means that money don´t goes to founders/owners

maybe the sponsored money goes to pay the rent, beers and food so the event can be free, and any money goes to founders/owners

analog on Jan 20, 2013 [–]

Not for profit means the organisation doesn't distribute funds to shareholders. The founders/owners are still free to pay themselves a wage.

That's what I mean about 'sounds nice and fluffy', actually it means very little in practice.

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