Word: nonprofitability
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...bypassing scores of marginally operated highland estates, said Cerro, the government had violated the spirit, if not the precise letter, of its own law. The company pointed out that its sheep produce three times as much meat as the neighboring Indian herds; furthermore, it ran the ranch as a nonprofit enterprise, selling the meat at cost to feed its 15,000 workers...
Taxiing Home. Smaller cities, bypassed by the transcontinental jets, see the airpark as a way to attract new light industry. La Crosse, Wis., is building a hundred-acre park next to its municipal airport, and Manchester, N.H., and Lincoln, R.I., both have set up nonprofit trusts to lease sites in their new airparks. Last week Atlanta Industrial Designer H. McKinley Conway Jr., who has planned several airparks, flew to Meridian, Miss., to confer with town officials who want to build one there. There is, of course, still the problem of commuting between home and work-but the Sierra Sky Park...
...music lovers as "a central repository for the music, sounds and voices of our times." The Institute's 300,000 tapes and disks, half of them recordings never issued commercially, were donated by private collector, artists, radio stations, the Metropolitan Opera and the Boston Symphony. Headquarters for the nonprofit organization are in Carnegie Hall. There Institute President Richard Striker, a 31-year-old exactor, works with six volunteers, surrounded by towering mounds of tapes and recordings...
...embattled Aerospace Corp. Subject: how to mend the firm's badly shredded reputation. Five years ago, convinced that no private corporation could capably handle the overall systems engineering and technical direction of its missile-development program, the Air Force set up California-based Aerospace as a Government-financed, nonprofit corporation. Some of the things that went on thereafter would make profit-minded businessmen apoplectic, and were enough to set off an investigation by the General Accounting Office and a House Armed Services subcommittee...
...services as the psychologist and public relations counselors have been dropped, and the Air Force's auditing has been tightened up. "There have been no big bad things," insists Secretary Zuckert. The little bad things, however, took on enlarged significance simply because Defense has contracts with 300 other nonprofit organizations. Stunned by what it found at Aerospace, the House Armed Services subcommittee intends to look into spending and allowances at some of these...