Have you ever wondered if the structure and model of a nonprofit could be reshaped for greater impact? This week on Nonprofit Fix podcast, we bring you an in-depth investigation into the intriguing world of Open AI, a pioneering nonprofit organization known for its exceptional approach to structure, funding and mission. We unpack their evolution from a traditional nonprofit to a cutting-edge hybrid model, shedding light on the advantages and complexities of such a transition.Join us as we dissect Open AI's unique business model, its adherence to IRS requirements and its potential to scale good in unprecedented ways. We explore the concept of a nonprofit social media platform, where profits are capped and the board holds majority control. As we navigate these possibilities, we also delve into the role of program-related and mission-related investments in fueling this innovative model. Lastly, we pull back the curtain on the role of regulation and enforcement in steering mission and growth in nonprofit organizations. We discuss the potential of converting for-profit businesses with social missions into nonprofits, and the transformational possibilities of hybrid business models. This enlightening journey into the heart of Open AI and the nonprofit sector promises to challenge your perceptions and inspire new thinking around nonprofit governance and business models. Don't miss out on this engaging conversation!