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Nicole and Chris catch up with Matt Brown, publisher of the Extra Points newsletter, to discuss his research into 40 NIL collectives' tax disclosures. So, how do collectives spend their funds? How much of collectives' coffers are composed of donations by the public? What insights can be gleaned about roster cost?

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00:00 NIL collective tax forms
02:00 Spending and holding
02:50 Public donations vs big donors
06:15 "Non-profits," really?
08:20 Banners will hang
10:00 Where is the money going?