Reply to Bright Horizons is for-profit, publicly traded? Was anyone else aware of this?

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Reply to "Bright Horizons is for-profit, publicly traded? Was anyone else aware of this?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not for profit is just a tax related term.  It does not mean the organization is all about the public good,  staffed by kind low wage do gooders.  They can pay very high salaries especially at the top.  A good center is a good center regardless of their tax status.  The reverse is true as well.[/quote]

Just to be clear- most of the nonprofit daycare centers in the VA-MD-DC region do NOT pay high salaries at the top (you can google their 990s). Most of the nonprofits also operate on nearly a 0% net income margin. At most maybe 2-3% in a good year. Investors expect at least a 7-8% return on equity at a bare minimum and those thin margins generally will not provide anywhere near that even if you start selling off assets and firing people. So yeah the for-profits have to cut corners somewhere. While I don't have the data, my guess would be fewer well-trained and experienced teachers, more part-time temp rotating teachers who may have not been properly vetted and will accept minimum wage with no benefits [/quote]

Not implying there are not wonderful non profits out there but I think the term is misleading.  I used to work for a non profit (not child care).  It was so luxurious compared to my life as a fed.[/quote]

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