Maybe I am a little confused, but what you described sounds like how Mozilla Corp.(for profit) and Mozilla Foundation(nonprofit and tax exempt, which owns the Corp as a subsidiary) are organized.
You're definitely confused. Mozilla is the reverse of the described scenario. If Mozilla corp owned the non-profit, rather than how it currently is, then it would fit.
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Maybe I am a little confused, but what you described sounds like how Mozilla Corp.(for profit) and Mozilla Foundation(nonprofit and tax exempt, which owns the Corp as a subsidiary) are organized.
You're definitely confused. Mozilla is the reverse of the described scenario. If Mozilla corp owned the non-profit, rather than how it currently is, then it would fit.