Hauschka looks like a nonprofit but isn't one. It makes money, and it pays taxes. It is governed by a four-member board that includes the Kurzes and two WALA representatives. Their charge is to see that the company complies with Hauschka's long-standing mission "to heal." The articles of incorporation prohibit board members from receiving any financial gain for their role, in salary or dividends. They also prohibit the sale of Hauschka's distribution rights. Without owners to collect dividends, all net profits are reinvested in operations, sustaining development.
Theoretically, someone could come along and unravel this protective web. But Susan points out the difficulty in such a deal: "Who would get the money?" Blame it on love.
Recent Comments | 7 Total
January 14, 2008 at 7:09pm by Karen McGrane
Can I make a comment without being signed in?
January 17, 2008 at 3:59pm by Haewon Kye
I think so
February 8, 2008 at 5:06pm by MG Howard
They walk the walk. There's hope ; )