[ SHOWGSD-L ] As you were, and as I am
- From: ELG440@xxxxxxx
- To: showgsd-l@xxxxxxxxxxxxx
- Date: Sun, 22 Feb 2009 20:59:33 EST
In a message dated 2/22/2009 4:13:16 P.M. Pacific Standard Time,
pcooke212@xxxxxxxxxxx writes:
Non-profit does not mean that there can be no profit. It means that the net
bottom line excess left over when all expenses are paid or accrued (which
ALL businesses aspire to in our capitalistic society) are not distributed to
shareholders/owners/partners, etc. as taxable earnings. Non-profits
frequently
have surpluses; for-profits frequently have profits. Earnings may not
benefit individuals in non-profit organizations.
Paula, who just asked about mergers, is right. There are a lot of other
restrictions such as how we earn our money. We can't get it from areas outside
the membership, over a certain percentage. There are other issues, but we are
a strong club, run well, the members are well represented, and all for no
charge.
Not that there is anything wrong with that.
Evan L. Ginsburg
Asgard German Shepherds
http://www.asgardgsd.com/
Where Type Movement and Temperament come together
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