Monthly Archives: December 2011

NEW YEAR’S RESOLUTION

BY: Adam Gavriel

As we come to the conclusion of 2011, a year where unemployment remained too high for comfort, it is only natural to take a look ahead to what 2012 may offer us.

Though if you believe the saying that you can only help yourself, you may be looking at 2012 as a new year to exploit your skills and put your mind to good use. Or if you’re like me, the hope that the lottery will finally hit one of your numbers soon and you’ll never have to worry about resumes, unemployment, interviews, or anything of the sort ever again. That is of course until the lottery curse kicks in and you lose all your money because of bad investments.

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NOT-FOR-PROFIT DOES NOT MEAN NOT-FOR-ME

BY: Adam Gavriel

I already know what you’re thinking, not-for-profit? Pass, I want to make money. Toss that preemptive thought away. Not-For-Profit (NFP) organizations are all around us every day. Think the American Red Cross, or the public schools you went to as a child, or the public schools you send your children to today.

Some quick facts about NFPs in the United States

  • 1,574,674 tax-exempt organizations, including:
    • 959,698 public charities
    • 100,337 private foundations
    • 514,639 other types of nonprofit organizations, including chambers of commerce, fraternal organizations and civic leagues.

(Source: NCCS Business Master File08/2011)

  • In 2009, nonprofits accounted for 9% of all wages and salaries paid in the United States.
    (Source: BEA 2010)
  • Nonprofit Share of GDP was 5.4% in 2009. (Source: BEA 2010)

Just because a company is entitled a NFP does not mean that its employees do not get paid. State governments are NFP organizations, but do you think those guys work for free? I don’t think so.

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