Difference between revisions of "Not for Profit"
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| − | A not-for-profit (also called ''nonprofit'') organization is one | + | A not-for-profit (also called ''nonprofit'') [[organization]] is one set up so that no profits from its operation go to private individuals. Most [[SF clubs]] and [[SF cons]] are organized this way, either officially or practically. In the [[US]], nonprofit corporations are chartered by the states. ([[501(c)(3)]] status can be granted to a nonprofit corporation by the IRS.) |
| − | Note that [[fannish conventions]] are not just Not-for-Profit, but don't pay the organizers or volunteers ''anything''. | + | Note that [[fannish]] [[conventions]] are not just Not-for-Profit, but don't pay the organizers or volunteers ''anything'' other than (sometimes) reimbursing their out-of-pocket costs and [[membership refunds|membership fees]]. [[UK]] [[cons]] issue token [[groats]]. |
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Revision as of 13:59, 22 November 2020
A not-for-profit (also called nonprofit) organization is one set up so that no profits from its operation go to private individuals. Most SF clubs and SF cons are organized this way, either officially or practically. In the United States, nonprofit corporations are chartered by the states. (501(c)(3) status can be granted to a nonprofit corporation by the IRS.)
Note that fannish conventions are not just Not-for-Profit, but don't pay the organizers or volunteers anything other than (sometimes) reimbursing their out-of-pocket costs and membership fees. UK cons issue token groats.
| Fanspeak |
| This is a fanspeak page. Please extend it by adding information about when and by whom it was coined, whether it’s still in use, etc. |
