Overview
Assets for a non-profit can be considered as what the organization
References: obert D. H. & Associates (2005). THE JOSSEY-BASS HANDBOOK OF NONPROFIT LEADERSHIP & MANAGEMENT (2nd ed.). San Francisco, CA: John Wiley & Sons, Inc.…
According to Martin,(2001) In terms of interpretation, the current ratio should be at least 1.0, but in general the higher the ratio the better. If the current ratio is less than 1.0, the human service agency may be facing liquidity problems. According to the financial statements of the XYZ Non-profit Corporation, for year 2003 and 2004 Current Ratio is below the average amount available liquidity. This means there is nothing for the organization to liquefy.…
* What differences in acquiring revenue, accruing expenses, and training of key personnel are there between a nonprofit organization’s ability to thrive and a for-profit organization’s ability to thrive?…
The final project for HSM 260 is a compilation of various financial aspects of a nonprofit organization.…
about the need for high limits or additional lines of coverage, serve as an effective…
The organization must engage only in activities that pursue its purpose. Essentially, activities should align with the nonprofit’s mission.…
Non-profit organizations, also known as 501(c) (3) organizations, uses their revenues to accomplish their mission statement, rather than making profit out of it. 501(c) (3) organizations are organizations that earned the tax-exempt status. There are many different types of nonprofits. It varies from clubs to charities, locally and globally. Nonprofits can either be member-serving or community-serving. "Non-profit organizations include churches, public schools, public charities, public clinics and hospitals, political organizations, legal aid societies, `volunteer services organizations, labor unions, professional associations, research institutes, museums, and some governmental agencies." (Cornell). There are also many successful and well-known…
References: Elmerraji. J, (2009). Navigating Government and Nonprofit Financial Statements. Retrieved August 01, 2010 from http://www.investopedia.com/articles/basics/07/government_nonprofit_statements.asp…
When it comes to large nonprofits like United Way there comes many strengths and weaknesses. For instance when it comes to the idea of measuring improvements in their educational programs United Way has strengths due to its emphasis on outcomes and improvements. It also has set timeframes for measurement in years not months.…
The nonprofit sector is a melting pot of helping entities. This group of businesses includes religious, environmental, educational, and humanity-centered purposes. None of these groups appeal to all peoples but they all fill a natural role globally and locally. The goals of these nonprofits are attainable with a few necessities; leadership, funds, and volunteers. Funds for nonprofits are dependent on effective management. Effective management of a nonprofit includes successful recruitment of volunteers. Volunteers are the backbone of every nonprofit. Every nonprofit needs volunteers; there are specific tools and ways to recruit them. The efficiency of the nonprofit will diminish without best practices.…
Steinberg, R., & Powell, W. W. (2006). The Nonprofit Sector : A Research Handbook. New Haven: Yale University…
Successful nonprofits must be resourceful. Providing tremendous resources to the nonprofit community is The Foundation Center. The Foundation Center (2011a) is a national, nonprofit service organization that connects nonprofits and grant makers to useful tools and information. (Dustin, 2013) Two of the non-database resources I found most interesting was 1) Newsletters and 2) IN-Person Training.…
References: Arnold, J. (2012). Training great dogs to help special people. Available: http://www.canineassistants.org/. Last accessed 15th, June 2012.…
Every day hundreds, if not thousands of families look forward to their local upcoming weekend activities. For some, it is the local fair that rolls into town with the rides for their children. Others, it is a walk on the water front with good food and drinks. For most, it is time to relax, have a cold drink, and enjoy things like Seafair in Washington State, or the Toyota Grand Prix of Long Beach for Southern California residents. Without local non-profit organizations, most of your favorite weekend activities would not exist. Non-profit organizations support many local events, as well as community programs that would not normally receive assistance. For a non-profit organization to flourish, it must have organization, structure, income, volunteers, a location, and events to move it forward. However, sometime with the fluctuation of the economy, it can make things difficult for the non-profit to move forward or even survive.…
References: BENSON, B. (2013). Nonprofits ' new world. Crain 's New York Business, 29(28), 13.…