Categories: nflRoger Goodell

Okay So NFL is Non-Profit 501 c 6 Organization BUT The COMMISH Takes $28M Salary?

NFL commissioner Roger Goodell was paid a salary of $29.5 million to run the NFL, though the NFL is technically a 501 c 6 organization, a.k.a. not for profit..

In order to have that status, the NFL must be run as a charitable foundation. In 2012, they gave away a meager $2.3 million. Almost all of it–$2.1 million– went to the NFL Hall of Fame, reports ShowBiz411.

Are you ready for this? Goodell made 15 times what the group donated to other charities.

More crazy: Goodell’s salary is 1/10th of what the NFL claimed in total assets for 2012– $255 million.

Or even crazier: the NFL only made charitable donations equaling one-one hundredth of their annual income.

Roger Goodell is listed as having a net worth of $45 Million.. However, his annual salary is listed at $28 Million..

Here are the stats: The NFL’s most recent Form 990 filed with the IRS ended on March 31, 2012. They claimed revenue of $255 million, up from $240 million in 2011. So, if you were concerned, things are good. The NFL has assets of over $822 million.

Under “grants”– meaning donations to other non profit organizations, the NFL did increase the number from just over $900,000 to $2.3 million. Generous right? However: their total salaries increased by $27 million to a total of over $107 million.

Here’s the best part: after all that, thanks to creative thinking, the NFL claims it finished the year in the red  with negative $316 million.

What else did they spend money on? Well, for one thing, new office construction cost $36 million. That’s thirty six million dollars.

Just to put all this in perspective: going by numbers in Forbes, Goodell would come in at around number 28 of the highest paid CEOs in 2012. He made more than the heads of FedEx, AT&T, Heinz, Ford Motors, Goldman Sachs, as well as Rupert Murdoch.

Remember– they’re for profit, not tax free foundations.

And if you’re wondering, neither Major League Baseball nor the National Basketball Association is registered as a charity, foundation or trade organization. They each gave up their tax- free status years ago.

THECOUNT.COM "ALWAYS OPEN! Since 2005!"

this is why i'm hot

Share
Published by
THECOUNT.COM "ALWAYS OPEN! Since 2005!"

Recent Posts

Teen Twins, Sister, ID’d As Victims In Wednesday Night Imperial TX Quadruple-Fatal Crash

IMPERIAL, TX. (THECOUNT) -- Jaden and Jackie Jurado, 18-year-old twins, and their 16-year-old sister Nautica…

2 hours ago

MI Woman Renee Vilders ID’d As Victim In Wednesday Night Springfield Twp Fatal Crash

OAKLAND COUNTY, MI. (THECOUNT) -- Renee Marie Vilders, 34, of Groveland Township, Michigan, lost her…

3 hours ago

Colorado Infant Dies ‘Meth Toxicity’ Couple Lisa Marie Johnson, Alexander Avila Arrested

LAKEWOOD, CO. (THECOUNT) -- Authorities have arrested Lisa Marie Johnson, 31, and her boyfriend, Alexander…

23 hours ago

OH Mom Risa Louks ID’d As Deceased Shooter in Amherst Murder-Suicide Involving Child

AMHERST TOWNSHIP, OH. (THECOUNT) -- Authorities have identified the victims of an apparent murder-suicide as…

1 day ago

Jussie Smollett Conviction in Attack On Himself ‘Overturned’ What It Really Means

SPRINGFIELD, IL. (THECOUNT) -- The Illinois Supreme Court has overturned Jussie Smollett’s conviction for staging…

1 day ago

Jessiah Mercado & Baby ID’d as Victims in Hartford Double-Fatal Drive-By Shooting

HARTFORD, CT. (THECOUNT) -- Twenty-year-old Jessiah Mercado and her 4-month-old son, Messiah Diaz, both from…

2 days ago