Word: nonprofit
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Dates: during 1990-1999
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...problem with the deal was that Sylvan Learning Systems now had unfair control over educational testing by making a deal with a non-profit. Furthermore, other critics point out that ETS still maintains status as a nonprofit while making revenues of $411 million a year. So that's where our test-taking fees end up. But what few people have focused on, and what is most astounding, is that ETS has started to market its own test preparation guides. They even use the slogan-would you believe this?!- "we prepare the tests, let us help prepare you." And although...
...creaky classrooms with their own cash or stick the kids in pricier, more exclusive private schools. While parents have long held bake sales and sold raffle tickets to drum up extra funds for local schools, fund raising today is growing more elaborate and controversial. In Bowie, Md., a nonprofit foundation set up by parents is helping finance a $5 million auditorium. In Winchester, Mass., the Foundation for Educational Excellence dispenses $50,000 a year in grants to enterprising teachers. And public-school boards in most major cities say parents are free to kick in for everything from clean football uniforms...
...gone on the block in such a high-profile way that her price (not to mention her head) will inevitably go through the roof--and that's a problem for paleontologists, for whom a fossil this good is almost priceless. A nonprofit institution like the (currently Tyrannosaurus-less) Smithsonian, for example, will probably have to scrape up at least $1 million, and possibly more, to get this irreplaceable specimen--which is only partly mineralized and so offers scientists a rare chance to study actual dinosaur-bone tissue. "This will open the floodgates," says Don Wolberg, executive director of special projects...
...Jewish settlements in the territories occupied by Israel after the 1967 war. His donations rose sharply after 1988, when officials in Hawaiian Gardens asked his foundation to take over a failing bingo hall that was a crucial source of local tax revenue. Within three years, the take of the nonprofit gaming operation had jumped to $33 million a year. Some of the proceeds went into city coffers and to charities, but much more made its way to the settlers. Moskowitz prefers to donate to specific projects rather than finance organizations blindly. "He says he wants to see results...
...user-friendly telephones for people with disabilities. Inspired by his wife Nadine, a multiple-sclerosis patient, Petzold fitted out a standard phone with straws and tubes that allow users to puff for a dial tone and sip in order to dial a preset number, such as 911. Petzold's nonprofit company, Envirotrol, builds as many as 70 such phones a year for customers in the U.S. and as far away as Peru and Saudi Arabia...