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.
The IRS helpfully points
not be responsible for views or content expressed
above.
-Original Message-
From: Ralph Cameron [mailto:ral...@igs.net]
Sent: Thursday, November 25, 1999 12:39 PM
To: peterh...@aol.com; emc-p...@majordomo.ieee.org
Subject: Re: Article to UL
I woudn't take the Washington Post articel seriously
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
Sent: Wednesday, November 24, 1999 8:08 PM
Subject: Article to UL
Hello group,
It seems to me that the article in Washington Post, was written by someone
who really had not done their homework. It sounded as the article was
criticizing UL for not doing proper testing or not being able to write
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.
A more general question is, why is does UL continue to
enjoy special consideration when what they are doing
is not
Hi Barry:
Chaz, Why do they call UL a non-profit organization?
UL, as a corporation, is chartered as a not-for-profit
organization.
This means that it cannot distribute retained earnings
to the owners. Instead, it uses retained earnings to add
to endowment funds for financing future
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
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
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