There’s no such thing as a nonprofit

There’s no such thing as a nonprofit

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In both examples, it doesn’t matter if the organization offering the service is for profit or not. The non-monetary profit is shared by members of the community. We can simply that three pronged term by referring all value gained as profit.

As Foraker states near the end of its report, “Alaska’s nonprofits are true contributors to Alaska’s quality of life, our health, and our economy.” Economy here takes a back seat to the other values. As it should, because the term nonprofit didn’t exist until a hundred years ago when a distinction became necessary for corporate and tax laws.

Source Name: 
Juneau Empire
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