NFL is not-for-profit, huh?

TenandSix:Unacceptable · 08-13-2008, 02:52 AM

These guys are tax-exempt, wtf?

Never heard that before. Sounds kind of sketchy at first glance.

Discuss.

FanNation | Truth&Rumors | NFL wants to keep its salaries secret

GTripp0012 · 08-13-2008, 02:55 AM

The league is. It's franchises are for profit, and that's what really matters. I mean, the league only exists to ensure the franchises play by the rules and to ensure fairness of competition.

TenandSix:Unacceptable · 08-13-2008, 03:10 AM

Link added up top.

saden1 · 08-13-2008, 03:28 AM

The NFL a.k.a. Commissioners Office a.k.a. Governing Body is a non-profit organization because they don't take in income, the franchises do. The NFL merely exists to make sure the franchises are synchronized and are represented in negotiations and arbitrations by a single voice.

Ultimately individual franchises have to file corporate taxes at the end of the year just like every other corporation.

budw38 · 08-13-2008, 08:22 AM

Lets hope the teams do not get hit with a windfall profit tax .

Daseal · 08-13-2008, 09:28 AM

How does the commish / staff get paid? Do they get it from the NFL PA? Im just curious, never thought of that again.

That Guy · 08-13-2008, 11:26 AM

Quote:

Originally Posted by Daseal

How does the commish / staff get paid? Do they get it from the NFL PA? Im just curious, never thought of that again.

non-profits can still pay salaries. head of red cross gets 500k a year as a non profit director.

Monkeydad · 08-13-2008, 11:29 AM

Yeah, I work for a non-profit organization.

We pay our employees and all other normal operating expenses that a for-profit company would. We have to survive and have luxurious things like lights and toilets with water, you know. Pens are nice to have too.

That Guy · 08-13-2008, 07:09 PM

if you mean where's the money come from, i'd guess it's the revenue pool before it gets sent out to the teams, but that's just a guess....

Schneed10 · 08-13-2008, 07:14 PM

The NFL itself would charge a "corporate overhead" charge to each of the 32 NFL franchises in order to pay the salaries of the commissioner and any other officials/employees of the NFL.

Don't misunderstand the business model. The NFL office is not for profit because it does not collect revenue. It's sole purpose for existence is to further the business success of its 32 franchises, whose goal is to make money as for-profit institutions.

The 32 franchises support the NFL with the corporate charge, and they ultimately benefit financially.

Daseal · 08-13-2008, 08:33 PM

I realize that non-profits can pay their employees. Schneed answered the question I was looking for. Sorry I wasn't a bit more clear.

Skins fan 44 · 08-13-2008, 08:50 PM

So who gets the billions and billions off of the tv deals? Who gets the millions to be called the official beer, cell phone provider, clothing apparel, etc of the NFL?

That Guy · 08-13-2008, 08:52 PM

Quote:

Originally Posted by Skins fan 44

So who gets the billions and billions off of the tv deals? Who gets the millions to be called the official beer, cell phone provider, clothing apparel, etc of the NFL?

its all stuck in a revenue pool and shared equally among the 32 teams, as is the cash paid by teams who are under the nfl minimum team salary. if you don't want to pay players, you're forced to pay the league instead.

08-13-2008, 02:52 AM	#1
TenandSix:Unacceptable Special Teams Join Date: Aug 2006 Posts: 331	NFL is not-for-profit, huh? These guys are tax-exempt, wtf? Never heard that before. Sounds kind of sketchy at first glance. Discuss. FanNation \| Truth&Rumors \| NFL wants to keep its salaries secret Last edited by TenandSix:Unacceptable; 08-13-2008 at 03:09 AM.

08-13-2008, 02:55 AM	#2
GTripp0012 Living Legend Join Date: Mar 2006 Location: Evanston, IL Age: 36 Posts: 15,994	Re: NFL is not-for-profit, huh? The league is. It's franchises are for profit, and that's what really matters. I mean, the league only exists to ensure the franchises play by the rules and to ensure fairness of competition. __________________ according to a source with knowledge of the situation.

08-13-2008, 03:10 AM	#3
TenandSix:Unacceptable Special Teams Join Date: Aug 2006 Posts: 331	Re: NFL is not-for-profit, huh? Link added up top.

08-13-2008, 03:28 AM	#4
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 45 Posts: 10,069	Re: NFL is not-for-profit, huh? The NFL a.k.a. Commissioners Office a.k.a. Governing Body is a non-profit organization because they don't take in income, the franchises do. The NFL merely exists to make sure the franchises are synchronized and are represented in negotiations and arbitrations by a single voice. Ultimately individual franchises have to file corporate taxes at the end of the year just like every other corporation. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

08-13-2008, 08:22 AM	#5
budw38 Playmaker Join Date: Mar 2006 Location: Northern,Va. Posts: 2,706	Re: NFL is not-for-profit, huh? Lets hope the teams do not get hit with a windfall profit tax .

08-13-2008, 09:28 AM	#6
Daseal Puppy Kicker Join Date: Feb 2004 Location: Arlington, Virginia Age: 41 Posts: 8,341	Re: NFL is not-for-profit, huh? How does the commish / staff get paid? Do they get it from the NFL PA? Im just curious, never thought of that again. __________________ Best. Player. Available.

08-13-2008, 11:29 AM	#8
Monkeydad Living Legend Join Date: Mar 2006 Location: PA Age: 45 Posts: 17,460	Re: NFL is not-for-profit, huh? Yeah, I work for a non-profit organization. We pay our employees and all other normal operating expenses that a for-profit company would. We have to survive and have luxurious things like lights and toilets with water, you know. Pens are nice to have too. __________________ Not sent from a Droid, iPhone, Blackberry or toaster

08-13-2008, 07:09 PM	#9
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,553	Re: NFL is not-for-profit, huh? if you mean where's the money come from, i'd guess it's the revenue pool before it gets sent out to the teams, but that's just a guess....

08-13-2008, 07:14 PM	#10
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 45 Posts: 12,421	Re: NFL is not-for-profit, huh? The NFL itself would charge a "corporate overhead" charge to each of the 32 NFL franchises in order to pay the salaries of the commissioner and any other officials/employees of the NFL. Don't misunderstand the business model. The NFL office is not for profit because it does not collect revenue. It's sole purpose for existence is to further the business success of its 32 franchises, whose goal is to make money as for-profit institutions. The 32 franchises support the NFL with the corporate charge, and they ultimately benefit financially. __________________ God made certain people to play football. He was one of them.

08-13-2008, 08:33 PM	#11
Daseal Puppy Kicker Join Date: Feb 2004 Location: Arlington, Virginia Age: 41 Posts: 8,341	Re: NFL is not-for-profit, huh? I realize that non-profits can pay their employees. Schneed answered the question I was looking for. Sorry I wasn't a bit more clear. __________________ Best. Player. Available.

08-13-2008, 08:50 PM	#12
Skins fan 44 Impact Rookie Join Date: Feb 2004 Location: Brazil, IN Age: 54 Posts: 883	Re: NFL is not-for-profit, huh? So who gets the billions and billions off of the tv deals? Who gets the millions to be called the official beer, cell phone provider, clothing apparel, etc of the NFL? __________________ HTTR!

NFL is not-for-profit, huh?

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