Thread: Changes at NHRA
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06-01-2007 10:10 AM #6
It's odd that the NHRA is "non-profit" given that they (1) put on 23 national events that draw quite a few people, (2) sign major sponsors who pay major money to advertise, and (3) return such crummy monetary awards back to the racers. How can they NOT make a profit you ask? One way is to pay huge salaries to a select few at the top, run an inefficient, government-like operation that blows money or accumulate a large slush fund....my guess is the first one; the huge salaries. There is a legal difference between a "non profit corporation" and a "not for profit corporation"
It appears that the professional part of the org is separated from the little-guy amateur part....am I reading it right?
Mike in Tucson





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