99-531: The Livestrong Foundation is a United States nonprofit organization that provides support for people affected by cancer . The foundation, based in Austin, Texas , was established in 1997 by cancer survivor and former professional road racing cyclist Lance Armstrong , as the Lance Armstrong Foundation . The Livestrong brand was launched by the foundation in 2003. Armstrong resigned from
198-486: A $ 12 billion share buyback, as well as a two-for-one stock split, with shares to begin trading at the decreased price on December 24. The split will be the seventh in company history. In June 2018, Nike announced it would initiate a $ 15 billion share buyback over four years, to begin in 2019 upon completion of the previous buyback program. For the fiscal year 2018, Nike reported earnings of US$ 1.933 billion, with annual revenue of US$ 36.397 billion, an increase of 6.0% over
297-451: A 5.4 percent increase from 2011, with a 5.7 percent increase in the average dollar amount of those donations (from US$ 74.88 in 2011 to US$ 79.15 in 2012). Over the duration of its existence, the foundation has generated more than US$ 500 million worth of funds. Since Armstrong's departure, the foundation's income has continued to drop. The foundation revealed that its 2013 budget was 10.9 percent less than its 2012 budget, and annual reports from
396-593: A Bermudan subsidiary, Nike International Ltd. This transfer allowed the subsidiary to charge royalties to its European headquarters in Hilversum , Netherlands , effectively converting taxable company profits to an account payable in tax-free Bermuda . Although the subsidiary was effectively run by executives at Nike's main offices in Beaverton, Oregon—to the point where a duplicate of the Bermudan company's seal
495-624: A New York based company focused on digital sales and machine learning technology. Nike was made a member of the Dow Jones Industrial Average in 2013, when it replaced Alcoa . On December 19, 2013, Nike's quarterly profit rose due to a 13 percent increase in global orders for merchandise since April of that year. Future orders of shoes or clothes for delivery between December and April, rose to $ 10.4 billion. Nike shares (NKE) rose 0.6 percent to $ 78.75 in extended trading. In November 2015, Nike announced it would initiate
594-440: A combination of groundbreaking innovations including a full-length air cushioned sole, an external heel counter, a crashpad in the heel for shock absorption, and Fit Frame technology for a stable fit. In 2023, Nike told ESPN that it would cease using kangaroo skins in its products by the end of that year and debut "a new Nike-only, proprietary synthetic upper, [with] a new material that is a better performance solution and replaces
693-424: A delegate structure to allow for the representation of groups or corporations as members. Alternatively, it may be a non-membership organization and the board of directors may elect its own successors. The two major types of nonprofit organization are membership and board-only. A membership organization elects the board and has regular meetings and the power to amend the bylaws. A board-only organization typically has
792-426: A distributor for Japanese shoe maker Onitsuka Tiger , making most sales at track meets out of Knight's automobile. According to Otis Davis , a University of Oregon student-athlete coached by Bowerman and Olympic gold medalist at the 1960 Summer Olympics , his coach made the first pair of Nike shoes for him, contradicting a claim that they were made for Phil Knight. According to Davis, "I told Tom Brokaw that I
891-554: A fiscally viable entity. Nonprofits have the responsibility of focusing on being professional and financially responsible, replacing self-interest and profit motive with mission motive. Though nonprofits are managed differently from for-profit businesses, they have felt pressure to be more businesslike. To combat private and public business growth in the public service industry, nonprofits have modeled their business management and mission, shifting their reason of existing to establish sustainability and growth. Setting effective missions
990-569: A gray water treatment center. Nike is mainly owned by institutional investors, who hold around 68% of all shares. The 10 largest shareholders of Nike in early 2024 were: Nike has contracted with more than 700 shops around the world and has offices located in 45 countries outside the United States. Most of the factories are located in Asia, including Indonesia, China, Taiwan, India, Thailand, Vietnam, Pakistan, Philippines, and Malaysia. Nike
1089-429: A high of $ 7.2 million in 2007 to a low of $ 13,875 in 2017. Nonprofit organization A nonprofit organization ( NPO ), also known as a nonbusiness entity , nonprofit institution , or simply a nonprofit , is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners. A nonprofit organization
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#17327805779261188-471: A low-stress work environment that the employee can associate him or herself positively with. Other incentives that should be implemented are generous vacation allowances or flexible work hours. When selecting a domain name , NPOs often use one of the following: .org , the country code top-level domain of their respective country, or the .edu top-level domain (TLD), to differentiate themselves from more commercial entities, which typically use .com . In
1287-459: A new logo, moving away from its previous yellow-and-black imagery (which was strongly associated with Armstrong and its wristbands). Lee stated that the new brand was intended to reflect that Livestrong was "more than a wristband". In 2023, Lee resigned after 17 years. Suzanne Stone was subsequently appointed as President. She formerly worked at the Children's Miracle Network Hospitals as well as
1386-457: A nonprofit entity without having tax-exempt status. Key aspects of nonprofits are accountability, integrity, trustworthiness, honesty, and openness to every person who has invested time, money, and faith into the organisation. Nonprofit organizations are accountable to the donors, founders, volunteers, program recipients, and the public community. Theoretically, for a nonprofit that seeks to finance its operations through donations, public confidence
1485-707: A program that would ultimately become the Community Impact Project . The first grant was awarded to Wonders and Worries , a pilot program to help children cope when a parent has a chronic or life-threatening illness like cancer. Future recipients of the Community Impact Project include the LIVESTRONG at the YMCA , Camp Kesem , Pablove Shutterbugs , and Cancer Transitions . In 2002, the foundation launched Livestrong Survivorcare,
1584-489: A regional early release were known as Quickstrikes , and became highly desirable items for teenage members of the sneakerhead subculture . By the 1990s and 2000s , American and European teenagers associated with the preppy or popular clique began combining these sneakers, leggings , sweatpants, crop tops , and tracksuits with regular casual chic street clothes such as jeans, skirts, leg warmers , slouch socks , and bomber jackets . Particularly popular were
1683-697: A self-selected board and a membership whose powers are limited to those delegated to it by the board. A board-only organization's bylaws may even state that the organization does not have any membership, although the organization's literature may refer to its donors or service recipients as 'members'; examples of such organizations are FairVote and the National Organization for the Reform of Marijuana Laws . The Model Nonprofit Corporation Act imposes many complexities and requirements on membership decision-making. Accordingly, many organizations, such as
1782-410: A statement that said: We expect Lance to be completely truthful and forthcoming in his interview and with all of us in the cancer community ... Regardless, we are charting a strong, independent course forward that is focused on helping people overcome financial, emotional and physical challenges related to cancer ... Inspired by the people with cancer whom we serve, we feel confident and optimistic about
1881-478: A status symbol in modern urban fashion and hip-hop fashion due to its association with success in sport. Beginning in the 1980s, various items of Nike clothing became staples of mainstream American youth fashion , especially tracksuits, shell suits , baseball caps , Air Jordans , Air Force 1's, and Air Max running shoes with thick, air cushioned rubber soles and contrasting blue, yellow, green, white, or red trim. Limited edition sneakers and prototypes with
1980-471: A strong vision of how to operate the project, try to retain control of the organization, even as new employees or volunteers want to expand the project's scope or change policy. Resource mismanagement is a particular problem with NPOs because the employees are not accountable to anyone who has a direct stake in the organization. For example, an employee may start a new program without disclosing its complete liabilities. The employee may be rewarded for improving
2079-581: A wide diversity of structures and purposes. For legal classification, there are, nevertheless, some elements of importance: Some of the above must be (in most jurisdictions in the US at least) expressed in the organization's charter of establishment or constitution. Others may be provided by the supervising authority at each particular jurisdiction. While affiliations will not affect a legal status, they may be taken into consideration by legal proceedings as an indication of purpose. Most countries have laws that regulate
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#17327805779262178-742: Is "squishier, bouncier, and lighter" than foams in typical running shoes. In the middle of the ZoomX foam there is a full-length carbon fiber plate "designed to generate extra spring in every step". At the time of this writing Nike had just released its newest product from the Vaporfly line, the Nike ZoomX Vaporfly NEXT%, which was marketed as "the fastest shoe we’ve ever made" using Nike's "two most innovative technologies, Nike ZoomX foam and VaporWeave material". The Nike brand, with its distinctive " Swoosh " logo, quickly became regarded as
2277-539: Is 3000 yuan per month. The factory employs 70,000 people. This practice was in place for nearly 20 years. On November 5, 2017, the Paradise Papers , a set of confidential electronic documents relating to offshore investment , revealed that Nike is among the corporations that used offshore companies to avoid taxes. Appleby documents detail how Nike boosted its after-tax profits by, among other maneuvers, transferring ownership of its Swoosh trademark to
2376-399: Is a factor in the amount of money that a nonprofit organization is able to raise. Supposedly, the more a nonprofit focuses on their mission, the more public confidence they will gain. This will result in more money for the organization. The activities a nonprofit is partaking in can help build the public's confidence in nonprofits, as well as how ethical the standards and practices are. There
2475-461: Is a key for the successful management of nonprofit organizations. There are three important conditions for effective mission: opportunity, competence, and commitment. One way of managing the sustainability of nonprofit organizations is to establish strong relations with donor groups. This requires a donor marketing strategy, something many nonprofits lack. Nonprofit organizations provide public goods that are undersupplied by government. NPOs have
2574-439: Is an important distinction in the US between non-profit and not-for-profit organizations (NFPOs); while an NFPO does not profit its owners, and money goes into running the organization, it is not required to operate for the public good. An example is a club, whose purpose is its members' enjoyment. Other examples of NFPOs include: credit unions, sports clubs, and advocacy groups. Nonprofit organizations provide services to
2673-414: Is an important distinction in the US between non-profit and not-for-profit organizations (NFPOs); while an NFPO does not profit its owners, and money goes into running the organization, it is not required to operate for the public good. An example is a sports club, whose purpose is its members' enjoyment. The names used and precise regulations vary from one jurisdiction to another. According to
2772-494: Is concerned. In many countries, nonprofits may apply for tax-exempt status, so that the organization itself may be exempt from income tax and other taxes. In the United States, to be exempt from federal income taxes, the organization must meet the requirements set forth in the Internal Revenue Code (IRC). Granting nonprofit status is done by the state, while granting tax-exempt designation (such as IRC 501(c) )
2871-453: Is granted by the federal government via the IRS. This means that not all nonprofits are eligible to be tax-exempt. For example, employees of non-profit organizations pay taxes from their salaries, which they receive according to the laws of the country. NPOs use the model of a double bottom line in that furthering their cause is more important than making a profit, though both are needed to ensure
2970-1035: Is hesitant to disclose information about the contract companies it works with. However, due to harsh criticism from some organizations like CorpWatch, Nike has disclosed information about its contract factories in its Corporate Governance Report. In the 1990s, Nike received criticism for its use of sweatshops . Beginning in 1990, many protests occurred in big cities such as Los Angeles, Washington, DC and Boston in order to show public outcry for Nike's use of child labor and sweatshops. Nike has been criticized for contracting with factories (known as Nike sweatshops ) in countries such as China, Vietnam, Indonesia and Mexico. Vietnam Labor Watch, an activist group, has documented that factories contracted by Nike have violated minimum wage and overtime laws in Vietnam as late as 1996, although Nike claims that this practice has been stopped. As of July 2011, Nike stated that two-thirds of its factories producing Converse products still do not meet
3069-617: Is not being used. In 2001, a BBC documentary uncovered occurrences of child labor and poor working conditions in a Cambodian factory used by Nike. The documentary focused on six girls, who all worked seven days a week, often 16 hours a day. In April 2014, one of the biggest strikes in mainland China took place at the Yue Yuen Industrial Holdings Dongguan shoe factory, producing amongst others for Nike. Yue Yuen did underpay an employee by 250 yuan (40.82 US Dollars) per month. The average salary at Yue Yuen
Livestrong Foundation - Misplaced Pages Continue
3168-408: Is not classifiable as another category. Currently, no restrictions are enforced on registration of .com or .org, so one can find organizations of all sorts in either of those domains, as well as other top-level domains including newer, more specific ones which may apply to particular sorts of organization including .museum for museums and .coop for cooperatives . Organizations might also register by
3267-504: Is specifically barred from forcibly annexing the land that Nike and Columbia Sportswear occupy in Washington County for 35 years, while Electro Scientific Industries and Tektronix receive the same protection for 30 years. Nike is planning to build a 3.2 million square foot expansion to its World Headquarters in Beaverton. The design will target LEED Platinum certification and will be highlighted by natural daylight, and
3366-605: Is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be nonprofit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt , and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as
3465-411: Is the remuneration package, though many who have been questioned after leaving an NPO have reported that it was stressful work environments and the workload. Public- and private-sector employment have, for the most part, been able to offer more to their employees than most nonprofit agencies throughout history. Either in the form of higher wages, more comprehensive benefit packages, or less tedious work,
3564-880: Is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment , with revenue in excess of US$ 46 billion in its fiscal year 2022. The company was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight , and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike , the Greek goddess of victory. Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+ , Nike Blazers , Air Force 1 , Nike Dunk , Air Max , Foamposite, Nike Skateboarding , Nike CR7, and subsidiaries including Air Jordan and Converse . Nike also owned Bauer Hockey from 1995 to 2008, and previously owned Cole Haan , Umbro , and Hurley International . In addition to manufacturing sportswear and equipment,
3663-476: Is unique in which source of income works best for them. With an increase in NPOs since 2010, organizations have adopted competitive advantages to create revenue for themselves to remain financially stable. Donations from private individuals or organizations can change each year and government grants have diminished. With changes in funding from year to year, many nonprofit organizations have been moving toward increasing
3762-729: The National Center for Charitable Statistics (NCCS), there are more than 1.5 million nonprofit organizations registered in the United States , including public charities , private foundations , and other nonprofit organizations. Private charitable contributions increased for the fourth consecutive year in 2017 (since 2014), at an estimated $ 410.02 billion. Out of these contributions, religious organizations received 30.9%, education organizations received 14.3%, and human services organizations received 12.1%. Between September 2010 and September 2014, approximately 25.3% of Americans over
3861-788: The Nike+ product that monitors a runner's performance via a radio device in the shoe that links to the iPod nano . While the product generates useful statistics, it has been criticized by researchers who were able to identify users' RFID devices from 60 feet (18 m) away using small, concealable intelligence motes in a wireless sensor network . In 2004, Nike launched the SPARQ Training Program /Division. Some of Nike's newest shoes contain Flywire and Lunarlite Foam to reduce weight. The Air Zoom Vomero running shoe, introduced in 2006 and currently in its 11th generation, featured
3960-509: The Susan G. Komen Foundation . In 2016, Portteus resigned and Greg Lee was appointed as President. Greg Lee had served as CFO of the Foundation for over ten years. In February 2020, the foundation announced that it would change its focus to being an "impact funder" rather than a provider of direct services, backing startups involved in improving patient care. The foundation also unveiled
4059-596: The Wikimedia Foundation , have formed board-only structures. The National Association of Parliamentarians has generated concerns about the implications of this trend for the future of openness, accountability, and understanding of public concerns in nonprofit organizations. Specifically, they note that nonprofit organizations, unlike business corporations, are not subject to market discipline for products and shareholder discipline of their capital; therefore, without membership control of major decisions such as
Livestrong Foundation - Misplaced Pages Continue
4158-525: The "V" or wrote a "W" over the "ST" to make the wristband read "LIE STRONG" or "LIVEWRONG". Satirical news site The Onion marketed a lookalike parody bracelet which replaced the "LIVESTRONG" text with "CHEAT TO WIN." Figures provided by the foundation to ESPN in October 2012 revealed that, despite Armstrong's acknowledgement that he doped, revenues were up 2.1 percent, to US$ 33.8 million, through September 30, 2012—according to ESPN, this total represented
4257-531: The 2000s. It sold Starter in 2007 and Bauer Hockey in 2008. The company sold Umbro in 2012 and Cole Haan in 2013. As of 2020, Nike owns only one subsidiary: Converse Inc. Nike acquired Zodiac, a consumer data analytics company, in March 2018. In August 2019, the company acquired Celect, a Boston-based predictive analytics company. In December 2021, Nike purchased RTFKT Studios, a virtual shoe company that makes NFTs. In February 2021, Nike acquired Datalogue,
4356-676: The Dunk Genesis Cryptokicks collection, which features over 20,000 NFTs. One design by Takashi Murakami was sold for $ 134,000 in April 2022. Nike's world headquarters are surrounded by the city of Beaverton but are within unincorporated Washington County . The city attempted to forcibly annex Nike's headquarters, which led to a lawsuit by Nike, and lobbying by the company that ultimately ended in Oregon Senate Bill 887 of 2005. Under that bill's terms, Beaverton
4455-573: The East Coast, in Wellesley, Massachusetts . In 1971, Bowerman used his wife's waffle iron to experiment on rubber to create a new sole for track shoes that would grip but be lightweight and increase the runner's speed. Oregon's Hayward Field was transitioning to an artificial surface, and Bowerman wanted a sole which could grip to grass or bark dust without the use of spikes. Bowerman was talking to his wife about this puzzle over breakfast, when
4554-414: The Foundation's future and welcome an end to speculation. Following the departure of Armstrong, the foundation considered whether its highly visible brand image was a liability, linking the foundation and its activities too tightly with its founder. The conclusion was that a radical change would go against the foundation's key message: "It has never been about one person." The foundation changed its name from
4653-624: The Lance Armstrong Foundation to the Livestrong Foundation in November 2012. This decision and the strategy it adopted was primarily driven by the foundation's own "strong sense of itself" and the "importance of its story." In the end, in a process some critics called "subtle but substantive," the foundation's story was told through a variety of ongoing initiatives explaining the foundation's key promise, which
4752-455: The NPO's reputation, making other employees happy, and attracting new donors. Liabilities promised on the full faith and credit of the organization but not recorded anywhere constitute accounting fraud . But even indirect liabilities negatively affect the financial sustainability of the NPO, and the NPO will have financial problems unless strict controls are instated. Some commenters have argued that
4851-974: The Nike 6.0, Nike NYX, and Nike SB shoes, designed for skateboarding. Nike has recently introduced cricket shoes called Air Zoom Yorker, designed to be 30% lighter than their competitors'. In 2008, Nike introduced the Air Jordan XX3, a high-performance basketball shoe designed with the environment in mind. Nike's range of products include shoes, jerseys, shorts, cleats , baselayers , etc. for sports activities such as soccer, basketball, track and field, combat sports , tennis, American football , athletics, golf, ice hockey , and cross training for men, women, and children. Nike also sells shoes for activities such as skateboarding , baseball, cycling, volleyball, wrestling , cheerleading , lacrosse , cricket , aquatic activities, auto racing, and other athletic and recreational uses. Nike partnered with Apple Inc. to produce
4950-571: The Nike brand was valued at $ 29.6 billion. Nike ranked 89th in the 2018 Fortune 500 list of the largest United States corporations by total revenue. The company ranked 239th in the Forbes Global 2000 companies in 2024. Nike, originally known as Blue Ribbon Sports (BRS), was founded by University of Oregon track athlete Phil Knight and his coach, Bill Bowerman , on January 25, 1964. The company initially operated in Eugene , Oregon as
5049-567: The Nike logo. Runner Jeff Johnson was brought in to help market the new brand and was credited for coining the name “Nike”. It would bear the Swoosh newly designed by Carolyn Davidson . The Swoosh was first used by Nike on June 18, 1971, and was registered with the U.S. Patent and Trademark Office on January 22, 1974. In 1976, the company hired John Brown and Partners, based in Seattle, as its first advertising agency . The following year,
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#17327805779265148-551: The Susan G. Komen Foundation. The Livestrong wristband is a yellow silicone gel bracelet program launched in May 2004 as a fund-raising item. The bracelet was developed by Nike and its advertising agency, Wieden+Kennedy . The band's yellow color references the yellow jersey traditionally worn by the Tour de France 's overall leader. The band became a popular fashion item in the US by
5247-461: The age of 16 volunteered for a nonprofit. In the United States, both nonprofit organizations and not-for-profit organizations are tax-exempt. There are various types of nonprofit exemptions, such as 501(c)(3) organizations that are a religious, charitable, or educational-based organization that does not influence state and federal legislation, and 501(c)(7) organizations that are for pleasure, recreation, or another nonprofit purpose. There
5346-487: The agency created the first "brand ad" for Nike, called "There is no finish line", in which no Nike product was shown. By 1980, Nike had attained a 50% market share in the U.S. athletic shoe market, and the company went public in December of that year. Wieden+Kennedy , Nike's primary ad agency, has worked with Nike to create many print and television advertisements, and Wieden+Kennedy remains Nike's primary ad agency. It
5445-649: The appropriate country code top-level domain for their country. In 2020, nonprofit organizations began using microvlogging (brief videos with short text formats) on TikTok to reach Gen Z, engage with community stakeholders, and overall build community. TikTok allowed for innovative engagement between nonprofit organizations and younger generations. During COVID-19, TikTok was specifically used to connect rather than inform or fundraise, as its fast-paced, tailored For You Page separates itself from other social media apps such as Facebook and Twitter. Some organizations offer new, positive-sounding alternative terminology to describe
5544-401: The best of the newly minted workforce. It has been mentioned that most nonprofits will never be able to match the pay of the private sector and therefore should focus their attention on benefits packages, incentives and implementing pleasurable work environments. A good environment is ranked higher than salary and pressure of work. NPOs are encouraged to pay as much as they are able and offer
5643-565: The community; for example aid and development programs, medical research, education, and health services. It is possible for a nonprofit to be both member-serving and community-serving. Nonprofit organizations are not driven by generating profit, but they must bring in enough income to pursue their social goals. Nonprofits are able to raise money in different ways. This includes income from donations from individual donors or foundations; sponsorship from corporations; government funding; programs, services or merchandise sales, and investments. Each NPO
5742-476: The company on June 30, 2016. In a company public announcement on March 15, 2018, Nike CEO Mark Parker said Trevor Edwards, a top Nike executive who was seen as a potential successor to the chief executive, was relinquishing his position as Nike's brand president and would retire in August. In October 2019, John Donahoe was announced as the next CEO, and succeeded Parker on January 13, 2020. In November 2019,
5841-465: The company operates retail stores under the Niketown name. Nike sponsors many high-profile athletes and sports teams around the world, with the highly recognized trademarks of " Just Do It " and the Swoosh logo. As of 2024, it employed 83,700 people worldwide. In 2020, the brand alone was valued in excess of $ 32 billion, making it the most valuable brand among sports businesses. Previously, in 2017,
5940-693: The company stopped selling directly through Amazon , focusing more on direct relationships with customers. Nike has acquired and sold several apparel and footwear companies over the course of its history. Its first acquisition was the upscale footwear company Cole Haan in 1988, followed by the purchase of Bauer Hockey in 1994. In 2002, Nike bought surf apparel company Hurley International from founder Bob Hurley. In 2003, Nike paid US$ 309 million to acquire sneaker company Converse . The company acquired Starter in 2004 and soccer uniform maker Umbro in 2007. In order to refocus its business lines, Nike began divesting itself of some of its subsidiaries in
6039-680: The company's standards for worker treatment. A July 2011 Associated Press article stated that employees at the company's plants in Indonesia reported constant abuse from supervisors. During the 1990s, Nike faced criticism for the use of child labor in Cambodia and Pakistan in factories it contracted to manufacture soccer balls. Although Nike took action to curb or at least reduce the practice, they continue to contract their production to companies that operate in areas where inadequate regulation and monitoring make it hard to ensure that child labor
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#17327805779266138-402: The diversity of their funding sources. For example, many nonprofits that have relied on government grants have started fundraising efforts to appeal to individual donors. Most nonprofits have staff that work for the company, possibly using volunteers to perform the nonprofit's services under the direction of the paid staff. Nonprofits must be careful to balance the salaries paid to staff against
6237-432: The election of the board, there are few inherent safeguards against abuse. A rebuttal to this might be that as nonprofit organizations grow and seek larger donations, the degree of scrutiny increases, including expectations of audited financial statements. A further rebuttal might be that NPOs are constrained, by their choice of legal structure, from financial benefit as far as distribution of profit to members and directors
6336-484: The end of the summer of 2004 and appeared on a majority of the contenders at the 2004 Tour de France . By 2013, 80 million Livestrong bracelets had been sold, according to Oprah. The success of the Livestrong bracelets led to many other charities selling similar wristbands as part of their fundraising efforts. Following Armstrong's lifetime ban for doping by USADA , a CNN article claimed that critics had struck out
6435-475: The establishment and management of NPOs and that require compliance with corporate governance regimes. Most larger organizations are required to publish their financial reports detailing their income and expenditure publicly. In many aspects, they are similar to corporate business entities though there are often significant differences. Both not-for-profit and for-profit corporate entities must have board members, steering-committee members, or trustees who owe
6534-570: The foundation began focusing on the field of cancer survivorship, specifically the practical, psycho-social needs of cancer patients and those affected by cancer. In 2000, the foundation funded cancer survivorship programs at Children's Medical Center in Ft. Worth, TX and the University of Pennsylvania in Philadelphia, PA. In 2001, the foundation awarded its first community program grant through
6633-427: The foundation in 2012 after his admission of doping , leading to the rebranding of the entire organization as Livestrong Foundation. Among its activities, the foundation lobbies governmental agencies, conducts research on cancer survivors, and funds a number of smaller non-profit organizations. The cornerstone of the foundation's work was the providing of free, direct, personalized support services for people navigating
6732-410: The foundation show a continuous drop in revenue with annual contributions falling from $ 15.8 million in 2011 to $ 10.7 million in 2012, $ 7.9 million in 2013, $ 3.8 million in 2014, $ 6.7 million in 2015, $ 4.2 million in 2016, $ 3.5 million in 2017, and $ 3.2 million in 2018, (the last year for which audited financial reports are available). Income from licensing and royalties also declined dramatically, from
6831-460: The foundation to license the use of the Livestrong name and mark to create a spin-off website, Livestrong.com (unconnected to Livestrong.org), a commercial health and wellness site. Demand Media hired Armstrong as a spokesman. In 2012, Armstrong was banned from professional cycling and stripped of his Tour de France titles after it was found that he had engaged in the use of performance-enhancing drugs. The foundation initially reacted by questioning
6930-573: The integrity of the United States Anti-Doping Agency (USADA) in a statement by president and chief executive Doug Ulman released in October 2012: Our long-standing concerns about the impartiality and fairness of Usada's proceedings are compounded today. ... Usada appears motivated more by publicity rather than fulfilling its mission. ... Because of [Armstrong's] leadership and vision, the Lance Armstrong Foundation has served more than 2.5 million people affected by cancer over
7029-408: The last 15 years. ... We are deeply grateful for his leadership and incredibly proud of his achievements, both on and off the bike. However, just a week later, Armstrong resigned as the chairman of the foundation, and from the foundation's board of directors in November. In January 2013, prior to Armstrong's televised interview with Oprah Winfrey in which he admitted to doping, the foundation released
7128-831: The last words spoken by Gary Gilmore before he was executed. Nike manufactured its first uniforms for a professional sports team in 1979 when its jersey for the Portland Timbers of the North American Soccer League debuted. Throughout the 1980s, Nike expanded its product line to encompass many sports and regions throughout the world. In 1990, Nike moved into its eight-building World Headquarters campus in Beaverton, Oregon. The first Nike retail store, dubbed Niketown, opened in downtown Portland in November of that year. Phil Knight announced in mid-2015 that he would step down as chairman of Nike in 2016. He officially stepped down from all duties with
7227-474: The latter attempted a takeover of BRS by extending an ultimatum proposal that would give the Japanese company 51 percent of BRS. In 1972, the relationship between BRS and Onitsuka Tiger came to an end. BRS prepared to launch its own line of footwear. The previous year, it was already able to place from two Japanese shoe manufacturers the company's first independent order for 20,000, which included 6,000 that had
7326-511: The money paid to provide services to the nonprofit's beneficiaries. Organizations whose salary expenses are too high relative to their program expenses may face regulatory scrutiny. A second misconception is that nonprofit organizations may not make a profit. Although the goal of nonprofits is not specifically to maximize profits, they still have to operate as a fiscally responsible business. They must manage their income (both grants and donations and income from services) and expenses so as to remain
7425-445: The nonprofit sector today regarding newly graduated workers, and to some, NPOs have for too long relegated hiring to a secondary priority, which could be why they find themselves in the position many do. While many established NPOs are well-funded and comparative to their public sector competitors, many more are independent and must be creative with which incentives they use to attract and maintain people. The initial interest for many
7524-411: The organization a fiduciary duty of loyalty and trust. A notable exception to this involves churches , which are often not required to disclose finances to anyone, including church members. In the United States, nonprofit organizations are formed by filing bylaws, articles of incorporation , or both in the state in which they expect to operate. The act of incorporation creates a legal entity enabling
7623-452: The organization to be treated as a distinct body (corporation) by law and to enter into business dealings, form contracts, and own property as individuals or for-profit corporations can. Nonprofits can have members, but many do not. The nonprofit may also be a trust or association of members. The organization may be controlled by its members who elect the board of directors , board of governors or board of trustees . A nonprofit may have
7722-511: The organization's sustainability. An advantage of nonprofits registered in the UK is that they benefit from some reliefs and exemptions. Charities and nonprofits are exempt from Corporation Tax as well as the trustees being exempt from Income Tax. There may also be tax relief available for charitable giving, via Gift Aid, monetary donations, and legacies. Founder's syndrome is an issue organizations experience as they expand. Dynamic founders, who have
7821-571: The physical, practical, emotional and financial challenges of having cancer. In this effort, the foundation aimed to make the cancer care system more patient-focused. As of 2020, the foundation has shifted its focus away from "direct services", and has positioned itself as a backer of companies involved in improving patient care. The foundation states that its mission is "to improve the lives of cancer survivors and those affected by cancer." The foundation implements its mission through direct services, community programs and systemic change. As early as 1999,
7920-720: The predecessor to Livestrong Navigation, a free one-on-one service offering cancer navigation services to patients, caregivers, friends and family members through phone, email and online services. The foundation would ultimately open the Livestrong Cancer Navigation Center at its headquarters in Austin by 2010. Since its inception, Livestrong has served over 100,000 people through free programs and services such as emotional counseling, insurance management, clinical trial matching and guidance on treatment options. In 2008, Demand Media reached an agreement with
8019-588: The previous fiscal cycle. Nike's shares traded at over $ 72 per share, and its market capitalization was valued at over US$ 114.5 billion in October 2018. In February 2020, the company said that roughly 75% of Nike stores in Greater China had closed due to the COVID-19 outbreak. In March 2020, Nike reported a 5% drop in Chinese sales associated with stores' closure. It was the first decrease in six years. At
8118-550: The public and private sectors have enjoyed an advantage over NPOs in attracting employees. Traditionally, the NPO has attracted mission-driven individuals who want to assist their chosen cause. Compounding the issue is that some NPOs do not operate in a manner similar to most businesses, or only seasonally. This leads many young and driven employees to forego NPOs in favor of more stable employment. Today, however, nonprofit organizations are adopting methods used by their competitors and finding new means to retain their employees and attract
8217-483: The receipt of significant funding from large for-profit corporations can ultimately alter the NPO's functions. A frequent measure of an NPO's efficiency is its expense ratio (i.e. expenditures on things other than its programs, divided by its total expenditures). Competition for employees with the public and private sector is another problem that nonprofit organizations inevitably face, particularly for management positions. There are reports of major talent shortages in
8316-507: The same time, the company's online sales grew by 36% during Q1 of 2020. Also, the sales of personal training apps grew by 80% in China. Nike produces a wide range of sports equipment and apparel. Their first products were track running shoes. Nike Air Max is a line of shoes first released by Nike, Inc. in 1987. Additional product lines were introduced later, such as Air Huarache, which debuted in 1992. The most recent additions to their line are
8415-467: The sector in its own terms, without relying on terminology used for the government or business sectors. However, use of terminology by a nonprofit of self-descriptive language that is not legally compliant risks confusing the public about nonprofit abilities, capabilities, and limitations. Nike, Inc. Nike, Inc. (stylized as NIKE ) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon , United States. It
8514-570: The sector. The term civil society organization (CSO) has been used by a growing number of organizations, including the Center for the Study of Global Governance . The term citizen sector organization (CSO) has also been advocated to describe the sector – as one of citizens, for citizens – by organizations including Ashoka: Innovators for the Public . Advocates argue that these terms describe
8613-666: The shoes featured in Back to the Future Part II , it had a preliminary limited release, only available by auction with all proceeds going to the Michael J. Fox Foundation . This was done again in 2016. Nike have introduced a premium line, focused more on streetwear than sports wear called NikeLab. In March 2017, Nike announced its launch of a plus-size clothing line, which will feature new sizes 1X through 3X on more than 200 products. Another significant development at this time
8712-462: The sole plus a moisture wicking upper weave. Later, Nike Elite socks became available in bright colors inspired by throwback basketball uniforms , often with contrasting bold abstract designs, images of celebrities, and freehand digital print to capitalise upon the emerging nostalgia for 1990s fashion . In 2015, a new self-lacing shoe was introduced. Called the Nike Mag , which are replicas of
8811-489: The traditional domain noted in RFC 1591 , .org is for "organizations that didn't fit anywhere else" in the naming system, which implies that it is the proper category for non-commercial organizations if they are not governmental, educational, or one of the other types with a specific TLD. It is not designated specifically for charitable organizations or any specific organizational or tax-law status, but encompasses anything that
8910-422: The unisex spandex Nike Tempo compression shorts worn for cycling and running, which had a mesh lining, waterproofing, and, later in the 2000s, a zip pocket for a Walkman or MP3 player . From the late 2000s into the 2010s, Nike Elite basketball socks began to be worn as everyday clothes by hip-hop fans and young children. Originally plain white or black, these socks had special shock absorbing cushioning in
9009-569: The use of kangaroo leather." The Nike Vaporfly first came out in 2017 and their popularity, along with its performance, prompted a new series of running shoes. The Vaporfly series has a new technological composition that has revolutionized long-distance running since studies have shown that these shoes can improve marathon race time up to 4.2%. The composition of the sole contains a foamy material, Pebax, that Nike has altered and now calls it ZoomX (which can be found in other Nike products as well). Pebax foam can also be found in airplane insulation and
9108-456: The waffle iron idea came into play. Bowerman's design led to the introduction of the "Moon Shoe" in 1972, so named because the waffle tread was said to resemble the footprints left by astronauts on the Moon. Further refinement resulted in the "Waffle Trainer" in 1974, which helped fuel the explosive growth of Blue Ribbon Sports/Nike. Tension between BRS and Onitsuka Tiger increased in 1971 as
9207-566: Was Miles Nadal , a Canadian investor and car collector, who had just paid $ 850,000 for a group of 99 rare of limited collection pairs of sport shoes. The purchase price was the highest for one pair of sneakers, the previous record being $ 190,373 in 2017 for a pair of signed Converse shoes in California, said to have been worn by Michael Jordan during the 1984 basketball final of the Olympics that year. After acquiring RTFKT, Nike launched
9306-424: Was a title sponsor of Major League Soccer club Sporting Kansas City 's home stadium from March 2011 to January 2013, when the naming agreement was terminated. The deal was severed after both sides blamed the other for failing to live up to their agreement; Armstrong's doping scandal was not a factor in the decision. In 2015, Livestrong hired Chandini Portteus as their new president and CEO. She formerly worked at
9405-494: Was agency co-founder Dan Wieden who coined the now-famous slogan " Just Do It " for a 1988 Nike ad campaign, which was chosen by Advertising Age as one of the top five ad slogans of the 20th century and enshrined in the Smithsonian Institution . Walt Stack was featured in Nike's first "Just Do It" advertisement, which debuted on July 1, 1988. Wieden credits the inspiration for the slogan to "Let's do it",
9504-430: Was designed to help distinguish the organization from other organizations in the oncology community. As a result of Armstrong's confessed guilt, on May 28, 2013, Nike announced that it would cut ties with the foundation after a nine-year relationship. After the 2013 holiday season, Nike ceased production of its Livestrong line of products, honoring its contract with the organization which expired in 2014. The foundation
9603-516: Was needed—for tax purposes the subsidiary was treated as Bermuda. Its profits were not declared in Europe and came to light only because of a mostly unrelated case in US Tax Court, where papers filed by Nike briefly mention royalties in 2010, 2011 and 2012 totaling $ 3.86 billion. Under an arrangement with Dutch authorities, the tax break was to expire in 2014, so another reorganization transferred
9702-509: Was the Chuck Taylor All-Star Modern , an update of the classic basketball sneaker that incorporated the circular knit upper and cushioned foam sole of Nike's Air Jordans. On July 23, 2019, a pair of Nike Inc. running shoes sold for $ 437,500 at a Sotheby's auction. The so-called "Moon Shoes" were designed by Nike co-founder and track coach Bill Bowerman for runners participating in the 1972 Olympics trials. The buyer
9801-684: Was the first. I don't care what all the billionaires say. Bill Bowerman made the first pair of shoes for me. People don't believe me. In fact, I didn't like the way they felt on my feet. There was no support and they were too tight. But I saw Bowerman made them from the waffle iron , and they were mine". In its first year in business, BRS sold 1,300 pairs of Japanese running shoes grossing $ 8,000. By 1965, sales had reached $ 20,000. In 1966, BRS opened its first retail store at 3107 Pico Boulevard in Santa Monica, California . In 1967, due to increasing sales, BRS expanded retail and distribution operations on
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