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Nonprofit or Money Maker?

Zeus Energy Movement is a charity established by four engineers to develop alternative energy sources. They established themselves as a charity because they were unable to get federal grant money. They are spending their own money and resources to do research but their hope is to eventually get attention from major companies that would buy the patents.

Is it ethical that the companyis registered as a non-profit organization and that they are tax-exempt? Alternative energy sources are good for the community but I am unsure if Zeus Energy Movement is in business to become profitable or actually help the community.

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