Propossed Compassion Center in Providence RI..Has this been Posted Here Before?

[OldHead09]

$450 to $550 an ounce?
So much for "non-profit"!

Lets all remember that a NON-Profit is simply a business status that falls under certain criteria. This is not the laymens definition incorporated into legislation. This is all governed by UCC (Uniformed Commercial Codes) as is all things in business and most things in life.


non-profit organization





Definition
An incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially. Any money earned must be retained by the organization, and used for its own expenses, operations, and programs. Many non-profit organizations also seek tax exempt status, and may also be exempt from local taxes including sales taxes or property taxes. Well-known non-profit organizations include Habitat for Humanity, the Red Cross, and United Way. also called not-for-profit organization.
"Any money earned must be retained by the organization, and used for its own expenses, operations, and programs" - This means that the business can earn as much as it's greedy fingers can, keep all monies inhouse and annually adjust all employees salaries under operations cost no matter if it is 300,000$ or 3 million. As long as it is used within the year and all other criteria are met the NON-PROFIT can continue to make the "employee" and in most cases the president is a founding member and an employee who may then dictate what all expenses are and increase pay when necessary...Not completely sure but I have worked for a lot of NON-Profits and for my own sanity had to understand how managers where driving brand new cars every year and living in 300,000 dollar houses.....Sorry about the rant everyone!

I am going to now medicate!

OldHead09 Reviewed by OldHead09 on 01-14-2011. Propossed Compassion Center in Providence RI..Has this been Posted Here Before? I am NOT the original poster of this Article.Just passing it on.If its been posted please let me know ill have it removed. Store in Providence would grow, package and sell medical marijuana 07:05 AM EDT on Monday, June 28, 2010 By W. Zachary Malinowski Rating: 5