Nonprofit Myths: #6 - No Profit for Nonprofits?
MYTH: Nonprofits are not allowed to make a profit from their activities.
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Nonprofit Myths: #5 - Change to Nonprofit?
MYTH: I am going to convert my for-profit business to a nonprofit business.
Nonprofit Myths: #4 - Overhead
MYTH: If we’re running our nonprofit efficiently, our overhead and administrative costs should be small.
Nonprofit Myths: #3 - Public Charities
MYTH: I am starting a foundation to give out school supplies to kids who cannot afford them. I can’t wait to see their little faces when I give them new backpacks and markers!
Nonprofit Myths: #2 - Salaries
MYTH: I am going to be president of my nonprofit and make $100,000 a year!