The Mudcat Café TM
Thread #47525   Message #709770
Posted By: Ferrara
12-May-02 - 07:33 PM
Thread Name: Clarification on the Mudcat's financials
Subject: RE: Clarification on the Mudcat's financials
I went to the support page and couldn't find the statement about Mudcat and Digitrad being non-profit orgs. Where should I be looking?

If it really says that, this whole thing can be resolved, I believe, but changing "non-profit" to "not-for-profit." There is a legal difference.

I don't believe the two types of organization have the same reporting requirements but may be wrong on that. Eitheer way, Mudcat is definitely profitless, unless you count the personal and spiritual ways it profits its members....

Mudcat is not a charity. It does not make a significant profit (in law or in fact!). Max says that On-Stage Media supports Mudcat. He certainly has made it clear over the years that Mudcat isn't supporting On-Stage Media!

Dick, if it really says "non-profit," don't we need to change that to "not-for-profit"?

Rita