NFL is considered a NON Profit Organization !

Other Leagues and Entertainment
#1
[url=http://newday.blogs.cnn.com/2014/01/30/the-nfl-is-really-considered-a-non-profit/]http://newday.blogs.cnn.com/2014/01/30/ ... on-profit/[/url]

That's right, the league office falls under a tax code that exempts things like business leagues and trade associations.

But does that make sense? Two senators don't think so, and they've proposed a bill to change it.

Independent Main Senator Angus King and Republican Senator from Oklahoma, Tom Coburn, have crafted a bill to end the NFL's $9 billion-per-year tax-exempt status.

On "New Day" Thursday Sen. Coburn said: “This is a directed tax cut that to the league office, which means every other American pays a little bit more every year because we give the NFL league office a tax break and call them a non-profit. In fact, they’re not."

It doesn't help the NFL's cause that its commissioner makes $29 million a year.

#2

and this is relevant in a CFL forum cause........... :roll:

#3

Cause the CFL is not :lol:

#4

actually, Commish Goodell made $44.2 million in 2013.

#5

He took a pay cut :roll: disgusting ! makes me wanna puke ! not bad for a non profit org.

#6

I think you would be pretty disgusted if you looked up some of the salaries for some people in some various not for profits and charities

#7

Mods - please move this to the "Football (other leagues)" forum where it belongs. No need (or reason) to have it in CFL talk forum area.

#8

How so? A pier league, the closest the CFL has, has a status that strongholds their financial position. It is an intriguing point...should the CFL try to do the same? The CFL has clubs that are already.

#9

I agree; I've moved it to the "Other Leagues" forum.

#10

Just an FYI, both the NHL and LPGA are also considered non-profit organization by the US Government. How they figure it out is how much of their annual revenue they give to charitable groups. Exactly how much, I'm not sure.

#11

FIFA in considered to be a non profit organization. It's sitting on $2 Billion dollars in "surplus rainy day money" (a joke in itself) in the bank and executives making a combined $33.5 million in bonuses in 2012. To make things worse, salary info not publicly available, but they are a non profit.