Not for Profit
Revision as of 13:59, 22 November 2020 by Leah Zeldes Smith (talk | contribs)
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. |
