OBG: b&b29 So, um, the NFL’s a Non Profit
This week’s Oldie-but-Goodie
Tis the season to give back to your favorite non profits, and what better place to give than the… wait? The NFL is a non profit?
That’s exactly what we said when we first found out, so we did some research and found ourselves down a non profit rabbit loop hole matrix. Or something like that. Many sports teams are actually classified as “trade associations” and have 501c status, which means they don’t pay taxes on their revenue.
We break down how that works and what the implications are. Happy holidays indeed!