Red Rock is a non-profit

[jhogan]

Hadn't known previously that Red Rock was a non-profit, but just found out about it and think that it's very cool

Comments

[iron_sky]

One thing I've wondered about non-profits: What prevents you from just running it like a for-profit corporation and funneling all the profits into increased salaries for the owner-managers?

[jhogan]

The IRS is supposed to look at your salaries from time-to-time (they use your tax returns to do this) to ensure that they are comparable to industry averages. So if you paid yourself in the 50th percentile of coffee shop owners you'd be fine, 90% the IRS might push you to "justify" it somehow (e.g. "I live in the middle of Manhattan so there's a really high cost of living here"), 250% then they'll probably strip your tax-exempt status.

[kimeidoplex]

That place always felt weird to me as they are owned and operated by a church.
http://www.highway.org/redrock/

[jhogan]

Oh, wacky. I had no idea.

[kimeidoplex]

Ya- it was the last church I went to before being converted to agnosticism. ;-)

They often have their 1-1 meetings there (or used too). Makes for interesting eves dropping.

[jhogan]

oh, wow. that's fun trivia. :-)

[jhogan]

Yeah, 20k is going to have a pretty big organizational feel in any context. What non-profit is it?

[deeptape]

Coffee there on Monday?

[jhogan]

I could do evening (early or late) there, definitely! Monday's are office days, so I'll be in downtown PA all morning/afternoon.

[deeptape]

I'll actually be in Palo Alto too, so maybe someplace closer to us both! : )