Word: nonprofit
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Dates: during 1990-1999
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...meantime, creative black entrepreneurs like John Bryant are filling the gap. Just days after the riots, Bryant formed Operation Hope, a nonprofit community-development organization. The next day he secured the $370,000 needed to rebuild a South Central landmark, a pharmacy owned by Gilbert Mathieu, destroyed in the riots. Bryant's goal for the next year is to finance similar deals for 100 businesses with average loans of $200,000. "If we don't create other Gil Mathieus, then we shouldn't be around," he says. Jenkins, for one, is confident they will. "In the '60s," he says...
Laws governing the actions of nonprofit organizations forbid the University from endorsing individual candidates...
...KINDS OF CIVIC BETTERMENT have enjoyed wider approval than the regional nonprofit theater movement. But the acclaim has tended to obscure three dirty little secrets. First, many of these institutions have been afflicted with an edifice complex, caring more about glistening facilities than about what goes on inside them. Second, the regional houses have been loath to risk developing new plays and, even more, new musicals. Third, at many of them the acting is mainly mediocre. A seeming example of the first and third shortcomings is the Denver Center Theater. The four-stage complex is as impressive an array...
...Smithsonian Institution? Aren't they the earnest scholars who compile hours of field hollers and other historic folk music? Yes, but in 1971 the Smithsonian began moving gradually into mainstream pop and jazz, first by mail order and, since last fall, in retail record stores. Because it is a nonprofit entity, commercial labels grant it the rights to their classic and vintage tracks. These plus the private collections unearthed by the Smithsonian make for unequaled quality and comprehensiveness...
Documents filed this month with the State Office of Public Charities report the salaries of the five highest-paid officers of Harvard Management Corporation, a nonprofit organization which oversees the University's $4.7 billion in investments...