Hello Matthew! I think that under US tax code the terms "non-profit" and "not-for-profit" have special, distinct meanings that govern how the organization must handle income and profits. Again, not being a tax law expert, I could not explain what the difference is.
As to your second question, I object! Regards, Frank West Sr. Engineer TUV Rheinland of NA --- Matthew Meehan <mee...@i-kk.co.jp> wrote: > > Hello Frank, > > As my UL friends are always quick to point out, > they > > are not-for-profit, not non-profit. Not being > expert, > > I assume there is some subtle difference that is > lots > > on the rest of us. > nonprofit - not established to make a profit > (nonprofit organizations) - > Cambridge Dictionary of American English > (http://www.cup.cam.ac.uk/elt/dictionary/) > By this definition, UL is a nonprofit organization. > I assume that your > friends (and the Post) consider profit to mean > "money that a business earns > above what it costs to produce and sell goods and > services". Given the > general usage of the prefix "non", and that UL's > earnings are higher than > it's costs - perhaps they feel that "not-for-profit" > more clearly describes > the company. > > A more general question is, why is does UL > continue to > > enjoy special consideration when what they are > doing > > is not unique? > > > > Regards, > > > > Frank West > > Sr. Engineer > > TUV Rheinland NA > Is it necessary to do something unique to enjoy > "special consideration"? > When you say "special consideration", I assume you > are referring to UL's > tax-exempt status. > Do you object to UL's tax-exempt status, or covet > it? > > Regards, > Matt > > > > > > --- Barry Ma <barry...@altavista.com> wrote: > > > > > > Chaz, Why do they call UL a non-profit > organization? > > > Barry > > > Anritsu Co. > > > -------------------- > > > From: "Grasso, Charles (Chaz)" > > > <gra...@louisville.stortek.com>, on 11/24/99 > 1:23 > > > PM: > > > > > > Forgive a jaded old man but two things jumped > out at > > > me when I read the article. > > > > > > 1. "In many other countries, standards are set > or > > > approved by a government entity with industry > > > involvement. U.S. safety standards, on the other > > > hand, are set primarily by private industry - > either > > > in independent labs such as UL or by industry > > > associations or organizations. The CPSC, an > > > independent regulatory agency charged with > > > protecting consumers from hazardous products, > > > imposes federal regulations only when it > believes > > > industry's voluntary efforts are insufficient. " > > > > > > Oh Boy. Lets see look like UL is ripe for a > > > government takeover to me!! > > > > > > 2. Many experts interviewed contend that UL's > recent > > > problems can be traced to the way the company is > > > organized and funded - with more than > nine-tenths of > > > its revenue coming from companies for testing > > > products. UL also sets industry safety standards > - > > > which it then measures products against - but > does > > > not > > > charge for that. Lets see - if we reorganize and > - > > > more importantly - change the funding (a > euphemism > > > for taxation) then we'll all be safer!! > > > > > > Sorry - Just could not resist.. > > > > > > > > > > > > ______________________________________________________________ > > > Open your mind. Close your wallet. > > > Free Internet Access from AltaVista. > > > http://www.altavista.com > > > > > > > > > --------- > > > This message is coming from the emc-pstc > discussion > > > list. > > > To cancel your subscription, send mail to > > > majord...@ieee.org > > > with the single line: "unsubscribe emc-pstc" > > > (without the > > > quotes). For help, send mail to > ed.pr...@cubic.com, > > > jim_bac...@monarch.com, ri...@sdd.hp.com, or > > > roger.volgst...@compaq.com (the list > > > administrators). > > > > > > > > > > > > > > > ===== > > Frank West > > Senior Engineer > > TUV Rheinland of North America > > NW/Portland OR Office > > __________________________________________________ > > Do You Yahoo!? > > Thousands of Stores. Millions of Products. All > in one place. > > Yahoo! Shopping: http://shopping.yahoo.com > > > > --------- > > This message is coming from the emc-pstc > discussion list. > > To cancel your subscription, send mail to > majord...@ieee.org > > with the single line: "unsubscribe emc-pstc" > (without the > > quotes). For help, send mail to > ed.pr...@cubic.com, > > jim_bac...@monarch.com, ri...@sdd.hp.com, or > > roger.volgst...@compaq.com (the list > administrators). > > > > > > > > > --------- > This message is coming from the emc-pstc discussion > list. > To cancel your subscription, send mail to > majord...@ieee.org > with the single line: "unsubscribe emc-pstc" > (without the > quotes). For help, send mail to ed.pr...@cubic.com, > jim_bac...@monarch.com, ri...@sdd.hp.com, or > roger.volgst...@compaq.com (the list > administrators). > > > ===== Frank West Senior Engineer TUV Rheinland of North America NW/Portland OR Office __________________________________________________ Do You Yahoo!? Thousands of Stores. Millions of Products. All in one place. Yahoo! Shopping: http://shopping.yahoo.com --------- This message is coming from the emc-pstc discussion list. To cancel your subscription, send mail to majord...@ieee.org with the single line: "unsubscribe emc-pstc" (without the quotes). For help, send mail to ed.pr...@cubic.com, jim_bac...@monarch.com, ri...@sdd.hp.com, or roger.volgst...@compaq.com (the list administrators).
