Word: nonprofiteers
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Since its shoestring beginning in an Ocean Park, Calif., garage, Synanon has done very well by itself. The taxexempt, nonprofit organization has 883 adults and 300 children living in luxury on two ranches in the Sierra foothills, beach-front property in Santa Monica and Tomales Bay and in a converted San Francisco paint factory. Most members pay a minimum $400 a month for room, board and uplift, but some contribute much more. One woman has donated more than $1 million. Synanon's assets, including ten aircraft and 400 cars, trucks and motorcycles, total almost $30 million. Its advertising...
...goad, Flynt last week announced that he had been recruited for Christ by Evangelist Ruth Carter Stapleton, the President's sister. Hustler will be reborn as a "religious" skin magazine, he added, and his multimilliondollar, 400-employee empire of magazines and sex products may be turned into a nonprofit religious foundation. As Flynt told a Pentecostal congregation in Houston, where he had gone for the National Women's Conference: "I owe every woman in America an apology...
...billion to the Social Security system next year and more in every succeeding year. The House beat back an attempt to bring into the Social Security system about 6 million additional workers (2.4 million federal employees, 3 million state and local government employees and 200,000 workers for nonprofit organizations). The move would have increased the system's revenues by as much as $4 billion a year. It was opposed in particular by federal workers, who are already covered by a retirement program that pays them pensions up to four times Social Security's maximum benefit of $460 a month...
Medical costs in the U.S. are so high partly because nonprofit insurance companies and government programs have been paying most doctor and hospital bills, with few questions asked. One person who wants to do something about it is President Carter, who has proposed setting cost ceilings on medical services. Now the Blue Cross Association, representing the largest conglomerate of hospitalization insurers, has joined the Carter cost-cutting crusade...
...Research Triangle Park has not only survived but has become the largest such complex in the country. It is set in the geographic triangle formed by Duke University (seven miles away), the University of North Carolina (twelve miles) and North Carolina State (15 miles). Twenty-five Government, corporate and nonprofit research organizations are located in the park's 5,400 acres of rolling, pine-covered hills. Over 60 buildings, some of them dramatic, futuristic structures like the Burroughs Wellcome headquarters, are widely separated in the woods-with plenty of room to stretch and sprawl. Now there are more Ph.D.s...