Minutes of the mozilla.org Staff Meeting of Monday 1st December 2003
Saturday December 13th, 2003
The minutes of the mozilla.org staff meeting of Monday 1st December 2003 are now online. Issues discussed include Mozilla 1.6 Beta, the website, localisations on CD and the Mozilla Foundation.
Monday December 15th, 2003 8:26 AM
A for-profit subsidary sounds interesting. However, I am unfamiliar with how a for-profit works under a non-profit organization. Does the revenue eventually go back into the parent, non-profit organization? If so, does this count as a revenue flow into the non-profit or is it considered a "donation" that could possibly be tax exempt?
#2 Re: Reply
Monday December 15th, 2003 9:00 AM
I'm not sure of the details (and IANAL), but generally the profits do go back into the parent non-profit organisation. If the subsidiary is 100% controlled by the parent, then you can't do the tax exempt donation thing (but there may still be a point in having the subsidiary, whose activities won't be restricted to those of a tax exempt non-profit). However, if things are arranged so the parent doesn't have total control, then the money going back can indeed be considered a donation. There's plenty of info available by googling - http://www.kdv.com/nonprofit-articles/subsidiary.html was something I just found, for example.