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Word: nonprofiteers (lookup in dictionary) (lookup stats)
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Title to the property will be held by a nonprofit co-op of stockholding tenants which will also take over the debts on the hotel. The new stockholders will pay Kirkeby $3,000,000 which "would take us many years to get through the present [renting] arrangement." Having paid only $187,500 on the debts, Kirkeby's company in effect will receive about 650% on its cash interest in the property...

Author: /time Magazine | Title: HOTELS: Co-Op Coup | 12/6/1948 | See Source »

...devotees were simple farmers. It soon came out that the financier of the master cell "experiments" was Gustave W. Goerner, soon-to-retire New England sales manager of a subdivision of the great Du Pont Co. He and other substantial-sounding citizens were talking about organizing a nonprofit foundation to make the master cell available to all humanity...

Author: /time Magazine | Title: Science: The Miracle of Middleboro | 8/2/1948 | See Source »

...organized in its present pattern -a nonprofit cooperative-until 1892. The organizers were members of the "Western A.P.," a rebel group that had broken away from the monopolistic New York...

Author: /time Magazine | Title: The Press: 100 for the A. P. | 5/17/1948 | See Source »

Editors Frederick Morgan, 25, an ex-G.I., Joseph Bennett, 26, a Navy veteran working as an investment analyst in Wall Street, and William Arrowsmith, 23, a 1948 Rhodes scholar, have been two years launching Hudson Review. As a nonprofit literary venture, they got $6,600 in working capital from friends (who hoped to deduct the contributions from taxes), and for a mailing address used the Manhattan home of Morgan's father, Sapolio Soapmaker John Williams Morgan...

Author: /time Magazine | Title: The Press: Wild Flowers | 3/29/1948 | See Source »

...much had Russia accomplished by the great ruble reform (TIME, Dec. 22)? Ever since Lenin decreed the creation of a nonprofit society in Russia, peasants have made trouble and speculators have made profits. Last week, hard on the heels of a reform designed to squelch troublemakers and profitmakers, both were busy...

Author: /time Magazine | Title: RUSSIA: Tombstones & Wolf Traps | 1/12/1948 | See Source »

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