[dmethvin]

Here's the 990: http://990s.foundationcenter.org/990_pdf_archive/463/4634857...

See the bottom of PDF page 8 under Independent Contractors and the bottom of page 27. Note that p27 is NOT saying that all that money went to John Steele, just that he is an interested person in the transaction.

It looks to me like "Nautilus Ventures" is a for-profit that actually publishes and the non-profit pays that entity. All the operating expenses are there so the 990 doesn't really tell you what they spent.

[cma]

It says more than that he is an interested person:

  "PAYMENT OF CONSULTING
   FEES FOR PUBLICATION OF
   THE MAGAZINE "NAUTILUS"
   TO NAUTILUS VENTURES LLC,
   AN ENTITY 100% OWNED BY
   JOHN STEELE"

But that doesn't mean he necessarily personally got all the money.