...for value-driven nonprofits Legal structures define how businesses will be held accountable in the court of law. Nonprofits are entirely different structure than pure for profit organizations. As time goes on, more and more private corporations are becoming socially aware and wanting to combine profit with some product or service that simultaneously benefits society. Nonprofit organizations exist as executors of a socially beneficial service or product. This paper will discuss the benefits and disadvantages that both of these structures face. Additionally, this paper will examine benefits of the nonprofit sector’s consideration of newer legal structures as a future platform for business. There are many reasons nonprofits may want to adjust business as usual but, here are just a few: Experts are predicting that with the current economic environment eating away at nonprofit’s primary sources of funding (charitable donations and foundation funding), that as many as 100,000 of the nations roughly one million nonprofit organizations will close their doors in 2009.(REF)” This is the reality for most organizations across the board. The credit market and the capital market turned upside down during the economic crisis in 2008. Foundations are making fewer grants because their endowments portfolios also changed along with the recent recession. Economic turmoil affects for profits and nonprofits differently, but, it makes sense for nonprofits to plan for business...
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...Make A Wish Foundation By: Candace General Purpose: To inform you about the Make-A-Wish Foundation Specific Purpose: You better understand all the things behind the scenes of the Make-A-Wish Foundation. Thesis: As a result of my speech, my audience will know and understand how Make-A-Wish has had a huge impact on the lives of many kids and families that continues today. Body: I. What is Make-A-Wish Foundation and what do they do? A. Make A Wish foundation is a nonprofit organization. 1. Statistic: According to charity.org out of all the money given in America 74.7% of the money raised goes toward the wishes of the children. 2. CONCRETENESS: Founded in Phoenix, AZ in 1980. B. QUOTE: “We grant the wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy.” 1. Statistic: According to sc.wish.org South Carolina has granted over 130 wishes through Make-A-Wish. 2. Statistic: According to makeawishna.ca over 320,000 wishes have been granted worldwide Transition Sentence: LIFE RELATEDNESS: Almost everyone will cross paths with a child that has some type of terminal illness, like cancer. I will now tell you how the foundation grants the children’s wishes and how you can tell them about Make-A-Wish. Where one of their wishes can come true. II. How does the organization grant wishes? A. The different donors that contribute to the foundation. 1. Disney, Macy’s, Zaxby’s, and many more give annually. ...
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...Foundations Ida Reyes HSM / 260 8/19/2012 Erin Akins Foundations There are many funding organization in the community. When looking for one that stood out from the rest, the Community Foundation of South Puget Sound is very interesting. This organization is community based for the area of South Puget Sound. They offer grants and scholarships to preserve resources for tomorrow's community needs (The Community Foundation of South Puget Sound, 2012) . According to this organization they provide services to connect individuals or organizations with causes that they would like to assist with their charitable contributions. With the Community Foundations knowledge for the needs in the community and knowledge of the local nonprofits in their area they have the ability to provide these connections to the individuals and organizations wanting to donate to others in the community. The South Puget Sound Community Foundation organization is assisting others connect in the community by finding the right organization for them to contribute to. There are six (6) different types of funds that one could contribute too. These funds are as follows: Unrestricted Community Funds, Field of Interest Funds, Donor Advised Funds, Scholarship Funds, Designated Funds and the Agency Endowments. The Unrestricted Community Fund is the fund that is used to assist human services, health, arts, education, the environment, needs of the elderly and other needs as well. This fund group is made...
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...benefits. If businesses are doing poorly, they may have to result in furloughing or firing personnel to help keep business afloat. How does affect the economy? The economy fluctuates daily depending on how well large corporations or businesses are doing. Businesses help drive the economy. The two types of business organizations they may contribute to the economy. There are for-profit and nonprofit organizations. For-profit organizations are privately owned and can have shareholders. They’re profits can be used in whatever way want to utilize them. Non-profit organizations are different the opposite of For-Profit organizations. Non-profit organizations make a profit, but use the profits exclusively for operating and other non-profit organizations. “A nonprofit entity has a mission that benefits the "greater good" of the community, society, or the world. It does not pay taxes, but it also cannot use its funds for anything other than the mission for which it was formed.” For-profit and non-profit organizations can go out of business for financial reasons, but their profits and financial assets are split up differently. For-profit organizations liquidate their assets and divide them among the owners and share...
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...Final Project: Analyzing Financial Statements Joyce Davis HSM 260 December 2, 2012 Final Project: Analyzing Financial Statements Financial statements provide a nonprofit human service, with a detailed account of financial records that shows how the company finances are managed. A financial statement provides the company with records that show how their finances were handled in the past. It also allows a company to look at where the company is heading financially. It is very important that a company evaluate their financial statements. In doing this the company will be aware of changes that need to be fixed in the budget. This can prevent an agency from going under. It will also permit them to continue provide services to the needy within the society. The XYZ Corporation provides psychiatric counseling to the indigent in El Paso Texas. The writer will provide a detailed financial analysis of the corporation’s finances. Listed below the reader will be able to see the company’s financial ratios, and they are: Current ratio, long-term solvency ratio, contribution ratio, programs/expense ratio, general, and management/expense ratio, fund-raising expense ratio, and revenue expense ratio for the years 2003 and 2004. Ratio table # 1 for the years 2003-2004: |2003| 2004| Current Ratio | .87 | 0.43 | Long-Term Solvency Ratio | 1.38 | 2.06 | Contribution Ratio | .51 | .49 | Programs/Expense Ratio | 1.0 | 1.11 | general and Management/Expense Ratio |...
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...measures of this kind but those are not enough. To multiply the effort, like many other countries, there are some organizations established and run by the parents and guardians of disabled people. Autism is a kind of disability usually identified in children at the age between 18 months to 3 years. The affected children suffer from mainly 3 difficulties. These are: Verbal or non verbal communication, Impaired social inter-action and limited activities/interest with rigidity in thinking and repetitive behaviour. These children may improve and live a close to normal life if appropriate intervention and proper training is imparted in time. Though we have many organizations in Bangladesh working with various fields of disability but there is hardly any quality institute developed exclusively for the autistic children. The problem further aggravated with the unavailability of any training centre to train trainers or teachers to work with autistic children. Similarly, there is no facility available for the training or motivation of parents or caregivers of autistic children. We neither have any centre for caring a child for the whole day nor do we have any residential training facility. The dream of rehabilitation is not yet even thought off. At this backdrop, we started the ‘Autistic Children Foundation of Bangladesh (ACFB)’. The foundation is purely a non profitable organization, established exclusively for the welfare of the autistic children. The main purpose of choosing this idea...
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...traditional business practices that degrade the environment and compromise worker wellbeing, and resulting pressure from consumers and nonprofits on the private sector to reform itself. Instead of simply complying with government regulation, a company that is “socially responsible” adopts more stringent self-regulation ensuring that it is acting to minimize negative impact on the environment, its employees, its customers, and the community. The attitude that the corporate world should be responsible for adverse production effects has expanded into a broader conception of its responsibilities. It is now common to expect corporations not only to be accountable for their actions, but to contribute to solving the world’s problems. That is, corporations are now pressured to contribute to the creation of public goods like a healthy environment and poverty reduction as well as to absorb their own production externalities. Combined with the growing demand for “green” products, the private sector’s newfound conscience has caused many companies to build or redefine their goals to produce only socially responsible, environmentally friendly products that satisfy, or appear to satisfy, the goals of externality absorption and public good creation. This translates into the for-profit world’s engagement in issues that are traditionally left to nonprofits. This doesn’t just refer...
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...Corporate Social Responsibility and Nonprofit Organizations Darin Leedy December 2009 Senior thesis submitted in partial fulfillment of the requirements for a Bachelor of Arts degree in Economics at the University of Puget Sound Introduction Corporate social responsibility has taken on an increasingly prominent role in the business world in recent years. CSR has grown so popular that nearly every major company in the U.S. now integrates a significant commitment to social and/or environmental programs into its business model. CSR can be loosely defined as the adoption of socially beneficial and environmentally sustainable practices by corporate actors. The rise of CSR can be attributed to growing public disenchantment with traditional business practices that degrade the environment and compromise worker wellbeing, and resulting pressure from consumers and nonprofits on the private sector to reform itself. Instead of simply complying with government regulation, a company that is “socially responsible” adopts more stringent self-regulation ensuring that it is acting to minimize negative impact on the environment, its employees, its customers, and the community. The attitude that the corporate world should be responsible for adverse production effects has expanded into a broader conception of its responsibilities. It is now common to expect corporations not only to be accountable for their actions, but to contribute to solving the world’s problems...
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...What is a Non-Profit Organization? A. The basic definition of a non-profit organization is not established for the purpose of making a profit; not entered into for money: a non-profit organization (dictionary.com). In a society where everything costs, how can it be that an organization can exist that is not established for the purpose of making a profit? What is their purpose? By answering these questions, one will gain an understanding of what a non-profit organization is as well as the history of how non-profit organizations came into existence. B. Digging a little deeper, the premise of a non-profit organization is that a non-profit organization is an organization which exists for educational and charitable reasons, and from which its shareholders or trustees do not benefit financially from. Any money earned must be retained by the organization, and used for its own expenses, operations, and programs. Many non-profit organizations also seek tax exempt status, and may also be exempt from local taxes including sales taxes or property taxes. (investorwords.com). Bottom line, their purpose of existence is for the greater good of the community by the services they offer. A few well-known non-profit organizations are Kaiser Permanente, Easter Seals, Habitat for Humanity, the Red Cross, and United Way. Although many of the aforementioned organizations have a different look and feel, they all share the same unique key characteristics of a non-profit organization. C. Some of those...
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...downturn in the United States has been intensifying every month since September 2008, and it is having significant impacts on numerous nonprofit organizations (NPOs). It is now clear that this financial crisis is more severe than anything we have experienced in over 50 years; it is affecting every sector of the economy. Managers of NPOs are facing numerous obstacles while having to face an increase in the vital services they provide to the public. The most critical issue is the lack of funding. The effects of the economic recession are spurring NPO leaders and their funders to create and apply innovative fundraising projects, collaborate together and to deeply analyze federal packages and plans for support. Although raising funds in today's tight economy is a challenge, some nonprofits are doing better than others. Organizations that are doing well have numerous amounts of revenue sources and many ways for donors to give, they spend more time and personal effort in building relationships with their donors, have refocused on the importance of developing staff, resources, and programs, and are simply looking to do more, not less (Borning, 2010). NPOs have suffered from the downturn in 2008 and 2009 but the fact is even tougher financial times have come since then for many nonprofit organizations, especially larger organizations that rely heavily on government grants and contracts (Kerr, 2010). Fifteen regional NPO agencies were surveyed with open ended questions...
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...P1.1 Profit & Noprofit Organizations an organization is a formal structure of relationships, responsibilities and authorities through which specific objectives are achieved an organization is a formal structure of relationships, responsibilities and authorities through which specific objectives are achieved 'A work organization is a social arrangement for the controlled performance of collective goals' (Buchanan and Huczynski, 2004) The Profit & Nonprofit organizations in our society, there is a lot of profit and non-profit organizations that seek to serve all members of the community either through the sale of products or the provision of services. And there's an example of a profit organizations that provide services (Royal Jordanian Airlines) Growth in Size and Reputation Royal Jordanian’s role as Jordan’s national carrier has now long been established since 1963. Now under the guidance of His Majesty King Abdullah II, we have ascended from humble beginnings with three aircraft and four regional destinations, to become one of the elite members of a global alliance, a fleet comprising more than 25 aircraft, and a destination network of 54 global stops. Not only have we grown in size, our reputation has been cemented in the public eye through our full membership in one world since 2007. Centrally Located strategically located in Amman, Royal Jordanian's central hub provides the ideal location through which Europe, Asia, Africa, and anywhere in the Middle...
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...PipeVine Inc. Is a non-profit organization that has been helping other non-profits such as United Way, and agencies such as Chevron, Cisco, AOL, and Yahoo, they were to collect donations in sponsored donation events. Pipe Vine was created in 1993 as a subsidiary of United Way to complete backend paper work and maintain an even flow of collections as well as payouts. Originally called United Nonprofit Operations the name changed when it was spun off to be PipeVine as a separate nonprofit organization with its own independent board members and no longer is affiliated to United Way. PipeVine was created to handle large amounts of money and maintain the incoming payments made by the public and then allocate them to the proper organizations. The Mission of this company is stated as:” to assist the caring power of communities around the world to advance the common good”. In the recent events the PipeVine Inc.’s reputation has been tarnished and now finds itself in defense of recent accusations. PipeVine Inc. was housed in San Francisco, handling more than $100 million a year. Today PipeVine finds them having to explain the loss of funds pay to them. According to the Journal “PipeVine Inc., which handled charitable contributions for United Way campaigns in the Bay Area and around the country, deliberately diverted at least $2 million in donations to keep itself afloat over the past three years, The Chronicle has learned. The San Francisco nonprofit company -- which processed more...
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...The roots of America’s nonprofit, steam from the ancient traditions of charity, philanthropy, and voluntarism (Worth, 2012, p. 19). Charity can be defined as giving intended to meet current individual human needs or to alleviate current human suffering (Worth, 2012, p. 20). Volunteerism is defined as a very active process that requires active involvement with either the beneficiaries directly or an organization or group that serves a specific population in need (Worth, 2012, p. 20, 21). Virtually all cultures and religion include some emphasis on the importance of service to others, which includes giving or voluntary action (Worth, 2012, p. 19). The Bible teaches us, “Then the righteous will answer him, Lord, when did we see you hungry and feed you, or thirsty and give you something to drink? When did we see you a stranger and invite you in or needing clothes and clothe you? When did we see you sick or in prison and go to visit you? The King will reply, truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me” (Matthew 25:31-46, NIV). This paper will examine the importance of a Christian worldview as it relates to nonprofit organizations. It will also evaluate and assess various nonprofit organizations. Section 1 When managing a nonprofit organization, it’s extremely important to have a Christian worldview. A worldview can be defined as the framework from which we view reality and make sense of life and the...
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...Chemical Dependency Counseling in Prison Financial Contingency Planning is essential to the success of any chemical dependency counseling program. There are many problems that can surface in the financial sector of the organizations and can result in high costs for the organization. A contingency plan in place can reduce the harmful effects of the challenge that surfaces. The development of financial contingency plan is through strategic scenario planning and develops the actions to be employ only upon the occurrence of anticipated future events. A contingency plan will protect the chemical dependency program from unforeseen threats or events that could interrupt the success of the program. This requires the source of revenue to be readily available to the chemical dependency counseling program in prison. Public-Private Partners However, for any financial contingency plan to be successful there needs to be sources of revenue available. One source of revenue is the public-private partner. There are many forms of the public-private partner that can be put to use by the program. The Operations and Management model involves a public partner (federal, state, or local government agency or authority) who contracts with a private partner to provide or maintain a specific service (North, 2011). Through O&M, the public partner retains control over the chemical dependency program and retains management control. The next type of public-private partnership is the Operations...
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...April 26, 2014 Introduction This paper describes the online business venture of Triple H, Inc. Triple H, Inc. is a nonprofit organization dedicated to the orphans and children living in poverty around the globe. We strive to provide the basic necessities that many of these children are doing without – food, shelter, education and medical care. Through the generosity of our many individual and corporate donors, we are able to provide these essentials to many children every year. Triple H, Inc. is run by a staff of volunteers around the country who are compassionate about the work of Triple H, Inc. and are committed to caring for as many orphans and children of poverty as we can. Overview and Mission Triple H, Inc. is dedicated to the needs of orphans and children living in poverty and helping to transform their lives. Our mission is to provide relief in times of emergencies as well as to provide assistance in the areas that will make a difference to the children in the years ahead of them – areas such as the children’s living situation, physical, educational and emotional needs. We provide food and shelter for children in orphanages and those living in poverty with the help of our sponsors and volunteers across the world. Not an easy task but we aim to find a long-term solution to improve the lives of and reduce the number of children in poverty. At Triple H, Inc., we strive to transform the lives of these children in an effort to help them become productive, healthy...
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