That AMSAT's non-profit status is an impediment to our doing business like any other corporation is a common misperception. We can hire employees, take contracts, earn money, spend money and, in general, act as any other corporation if we choose. It is in what we do with the money we earn that differentiates us. We don't distribute the money to the owners through dividends. Instead we reinvest all our funds into our educational missions (like launching satellites).
Rick W2GPS AMSAT LM2232
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of MKM Sent: Wednesday, December 12, 2007 10:56 PM To: [email protected] Subject: [amsat-bb] Re: Phase 4 versus Eagle
Then, it is time to make amsat a for-profit organization.
On Dec 12, 2007, at 10:08 PM, Andrew Glasbrenner wrote:
The money has to come first, then the satellite gets built and launched, not the other way around.
73, Drew KO4MA
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