Is the NFL a non-profit organization as NFLPA executive director DeMaurice Smith has stated?
• A. The NFL League Office is a not-for-profit organization. The NFL League Office receives funding from the 32 member clubs to cover its non revenue overhead activities such as office rent, League Office salaries and game officiating. In addition, the NFL League Office collects revenues on behalf of the 32 member clubs and distributes those revenues to the clubs. All national revenues (e.g. broadcast TV payments) collected and paid to the member clubs, as well as local revenues earned individually by the clubs, are subject to tax at the club level. This structure is not unlike that of any partnership where the net earnings of the partnership are passed through to the partners where it is taxed.
Related Questions
- Im the Executive Director of the non-profit for whom I lobby. Can I authorize myself to lobby on the organizations behalf?
- Should the athletics director/CEO in the athletics department or non-profit organization be professional managers?
- How Do You Become An Executive Director Of A Non-Profit Organization?
