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This question is about careers.
How does the founder of a nonprofit get paid?
The founder of a nonprofit gets paid normally through an annual salary. Nonprofits are normally formed for some socially beneficial or charitable function. Thus they do not operate for the express purpose of profits. Because of this, the founder of a nonprofit normally does not receive profits or dividends from their nonprofit organization.
Founders of nonprofits tend to want their compensation to be reasonable, so they do not seem to be significantly benefiting from the organization. Excessive compensation to a founder or executive of a nonprofit can sometimes result in penalties for the leadership of the nonprofit and the organization itself.
Nonprofits are required by federal law to report their executive compensation in their annual filings with the Internal Revenue Service (IRS). This information is available to the public online or through other sources.
Some nonprofit founders opt to forgo pay or compensation completely as a sign of their commitment to the causes the nonprofit is working in alignment with. In addition, some nonprofit organizations function under spiritual or religious principles, and in these instances, the founder of a nonprofit might be required to take a vow of poverty and forgo pay.
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