|Monterey Bay Aquarium, SeaWorld Adventure Park, Shedd Aquarium, when a non-profit is actually a for-profit business|
The Shedd aquarium is legally a non-profit but it is definitely a for profit zoo. People pay to visit the aquarium and can pay extra to play with a beluga whale or penguin, just like SeaWorld. They state they need donations to care for this tiny sea otter pup. They make $73,000,000 a year from their zoo/aquarium with $350,000,000 in assets, $177,000,000 in cash. They don't need money for this pup. He should have been rehabbed here for release back to the wild. He's being used to make money. They have $22,000,000 in salaries, CEO makes $3,500,000 per year! They turn a big profit every year over $20,000,000. Zoo masquerading as a non-profit sanctuary. Here is their 990 for 2012. They only pay some payroll taxes. They receive $5 million from taxes paid by others.
|CEOs of Monterey Bay Aquarium, SeaWorld, Shedd Aquarium|
|Monterey Bat Aquium, SeaWorld San Diego, Shedd Aquarium maps, non-profit verses for-profit business|
If you look at these companies, they all look like for-profit organizations to me. They are big business. To me a non-profit should be a charity, true church...an organization that helps the public good. Their main goal is to help people, not make a lot of money. That is just tax evasion.
When you consider that for-profit SeaWorld didn't pay taxes even in 2011 when they had record earnings it probably doesn't even matter if a company is for profit or non-profit. If they are bringing in enough money, they will find a creative way to not pay any taxes. I think if the nation wants to get a better grip on taxes, the economy, they need to rein in this tax abuse. They are all businesses making an awful lot of money.
Mary Cummins of Animal Advocates is a wildlife rehabilitator licensed by the California Department of Fish and Game and the USDA. Mary Cummins is also a licensed real estate appraiser in Los Angeles, California.
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