See the bottom of PDF page 8 under Independent Contractors and the bottom of page 27. Note that p27 is NOT saying that all that money went to John Steele, just that he is an interested person in the transaction.
It looks to me like "Nautilus Ventures" is a for-profit that actually publishes and the non-profit pays that entity. All the operating expenses are there so the 990 doesn't really tell you what they spent.
See the bottom of PDF page 8 under Independent Contractors and the bottom of page 27. Note that p27 is NOT saying that all that money went to John Steele, just that he is an interested person in the transaction.
It looks to me like "Nautilus Ventures" is a for-profit that actually publishes and the non-profit pays that entity. All the operating expenses are there so the 990 doesn't really tell you what they spent.