I was reading a previous post about a for profit school but the PTO trying to get non profit status and it just made me wonder. Thanks for the info.
The irony of commitment is that it’s deeply liberating-in work, in play, in love. The act frees you from the tyranny of your internal critic, from the fear that likes to dress itself up and parade around as rational hesitation. To commit is to remove your head as the barrier to your life. --Anne Morris
Interesting question, but I can't imagine it working.
The primary difference between the two is that net earnings in a for-profit can be given back to the owners or directors of the organization. (Think profit-sharing or dividend distribution.)
That's not to say a for-profit business can't also do a lot of good. (PTO Today is a such a business.) But I would wager that parents would not support such a format in a PTO.
A common misconception is that a non-profit cannot MAKE a profit - which isn't true at all. The difference is that the excess funds made by a non-profit go towards supporting its programs, not into the pockets of the people who run the organization.
I can't think of any benefits considering the type of purpose involved. The negatives are many - taxes, loss of credibility, contributions not deductable.
Is it ever beneficial for a parent group to be for-profit instead of non-profit? Just curious incase anyone has info.
The irony of commitment is that it’s deeply liberating-in work, in play, in love. The act frees you from the tyranny of your internal critic, from the fear that likes to dress itself up and parade around as rational hesitation. To commit is to remove your head as the barrier to your life. --Anne Morris
