Thursday, April 18, 2024

Happy Super Bowl: “Not for Profit” NFL Pays $100 Mil to Staff. Donates $1Mil to Charity

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Happy Super Bowl weekend!

It’s a good time to review the situation with the NFL, which operates still as a tax free not for profit foundation. How are they doing? Big press push in the last two days with commissioner Roger Goodell announcing that forthwith, women will have to be considered for all executive positions. Yes, it is 2016, about 40 years after this should have been mandated. Or womandated.

But Goodell has to do something. He’s paid $35 million a year. Indeed, on the 2014 (for 2013) Form 990 filing for the National Football League, salaries for staff came to $100 million. About $55 million was divided among just seven (7) executives. They’re all guys, ‘natch.

Apparently, that wasn’t enough money for one of those lucky seven because the NFL loaned two execs a total of $2.5 million. One guy still owes them $1.5 million.

The NFL Foundation did give some money away in 2013. They donated just over $1 million to a few charities.

Total net assets? $727.7 million. They keep $438.5 million on hand for litigation (i.e. lawsuit settlements, and there are more and since dead players are turning up with CTE).

So get out the hot dogs, chill the beers, and raise a glass. It’s good to be king.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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