Word: nonprofitability
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Last fall Golden LEAF (Long-Term Economic Advancement Foundation), a nonprofit organization established by the North Carolina General Assembly to distribute half the state's settlement revenues, spent $15,000 for a tobacco-history video. Perhaps more egregiously, it granted rural Nash County $400,000 for water and sewer engineering to attract a tobacco-processing plant. "The money is going in a circle here," says Don Carrington, vice president of the John Locke Foundation, a state-government watchdog group...
...surprisingly, there's a lot of support for the most generous of the plans. Ron Pollack, the executive director of Families USA, a nonprofit, non-partisan organization based in Washington D.C. that advocates "high-quality, affordable healthcare for all Americans," issued a statement supporting the House Democrats' $800 billion plan. Does this vote of confidence come at the exclusion of other plans? "Certainly to the exclusion of the GOP plan," says Families USA spokesperson Jennifer Laudano, who adds there are simply "too many holes" in the House Republicans' proposal. The AARP, the nation's largest lobbying group for seniors...
...Sept. 11 airport closures disrupted shipments for weeks and forced him to run lean. "We're far better now for having gone through a very difficult nine or 10 months," O'Scannlain says. For Lauren Creamer, 27, of Brighton, Mass., two years of fighting the bureaucracy at a large nonprofit convinced her that she would be happier working for herself. She started looking for investors for Firefly Toys last year, just as the economy began sliding toward recession. "A lot of people said, 'How can you do this now?'" Creamer says. "But younger people can take the risk...
...Arbor, Mich., which has expanded to include four local schools and two in Honduras. Sisters of Mary is incorporated and run by a lay board of directors. Its financial affairs are directed by a Virginia-based private investment group that primarily focuses its efforts on sustaining small nonprofit organizations. "You have to protect the future, and that's what the parishes and the schools are trying to do now," says Bernard Dobranski, dean of the Ave Maria School of Law, which is down the road from the convent...
...explosion of bicycle tours in every conceivable niche all over the country and the world." Tim Kneeland, whose company, Tim Kneeland & Associates, has produced more than 75 large tours for nearly 17,000 participants, estimates there are from 600 to 700 commercial touring companies worldwide and thousands of nonprofit tours...