Yes. All that means is that the money siphoned off by management was never taxed as revenue.
Non-profits are not charities (though some are). It is just a business model. The fucking NFL is a non-profit organization.
See also: Boy Scouts of America. Nearly bankrupt from sex abuse lawsuits, the program itself may fold, but no executive is going hungry.
See also: the Susan Komen foundation, whose only function is to raise money to talk about breast cancer. Not to cure it, just to raise awareness of it.
Non-profits are not charities (though some are). It is just a business model. The fucking NFL is a non-profit organization.
See also: Boy Scouts of America. Nearly bankrupt from sex abuse lawsuits, the program itself may fold, but no executive is going hungry.
See also: the Susan Komen foundation, whose only function is to raise money to talk about breast cancer. Not to cure it, just to raise awareness of it.