1. Which of the following is a difference between financial reporting for internal service and enterprise funds? (Points : 10)…
Nowadays it seems crucial to reframe the work of the Nonprofit Boards in order to redefines nonprofit governance. In fact it appears that today's Nonprofit Boards have multiples roles and responsibilities to face with. However it seems they have lost slowly of their efficiency during the years and “The New Work of Nonprofit Board”, article by Barbara Taylor, Richard Chait and Thomas Holland helped us to understand the reasons of this decline and in a second approach gives a lucid guide to an important renewal, and provides a road map that leads Nonprofits boards, trustees and executives to governance as leadership.…
March of Dimes is a non-profit organization. It was founded by Franklin D. Roosevelt in 1944 (March of Dimes Foundation, 2017). The headquarters are in White Plains, New York. This organization pursues to improve the health of mothers and babies. Their focuses are premature babies and birth defects. Premature babies are babies that are born before they are fully developed. Premature babies tend to be born with birth defects that can have negative effects on their lives. They are also more likely to die prematurely. On the March of Dimes home page, fifteen million babies are born prematurely every year. Out of those fifteen million babies, 1 million of them die each year (March of Dimes Foundation, 2017). This organization funds research projects…
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…
2. A tax exemption is a privilege, not a right. Governments have traditionally granted this privilege to churches because of the positive contribution they are presumed to make to the community, but there is no such provision in the US Constitution. [25]…
You are the new Director of Development in Goodworks non-profit. You are currently reviewing the internal controls over donations that are sent directly to Goodworks in the form of checks. Your review reveals that the checks are promptly endorsed "For Deposit Only, "but no list of the checks is prepared by the person opening the mail. The mail is opened either by the mailroom employee or by the employee who maintains the accounts receivable records. Mail receipts are deposited in the bank weekly by the manager of Accounts Receivable. Discuss the weaknesses in internal control and your recommendations for improving the system.…
Seeking a position within an organization that will recognize my capabilities and provide an opportunity to learn and grow; while helping promote the company relations and goals.…
The Red Cross is one of the most important and well known non-profit organizations in the United States. If the Red Cross wants to continue to be one of the largest and a well contributing non-profit organization then they need to find a smart and well suited way to invest their money for the future growth of the organization. There are many ways that they can invest their money but I believe that I have found the most suitable way for a big non-profit organization like the Red Cross is to invest of a variety of stocks and bonds to ensure a profitable future to keep their organization going.…
The below non-profit SWOT analysis explains some of the strengths, weaknesses, opportunities, and threats: (Hirsch, Gandolf, 2012)…
In the United States, there are many different types of non-profit organizations. These organizations help with many things, like building homes, protecting wildlife and animals, and giving people food. These organizations are also made to help enforce some of the laws. Without organizations like MADD, ASPCA, and Habitat for Humanity, our community would be worse than it is now.…
• 3 members join: • Dane – Environmental Engineer • Rudra – Accountant • Ella – Administration Asst. • Company Philosophy laid out: • Highest standard of Environmental Management Setting • Teamwork up values • Open discussion • Empowerment (employees trusted with job – to move on their own) • Rudra prepared initial budget and raised concern on company’s sustainability • Dane suggested to immediately start consulting work • Sally agreed to change modus operandi from simply Open fund raising to obtaining corporate donors • Ella suggested using social media to promote Ecologic • Ella suggested her friend to do website for free Social Media Networking…
In a philanthropy group I’m affiliated with, we worked to raise funds for nonprofits, so we’ve had to decide on how we would raise money and which non-profits we would give it to. We each provide suggestions and argue for why they deserve some amount of the money we had raised. One of the non-profits I was arguing for ended up receiving some of the money we raised. I needed to use my communication skills in order to argue for my point and convince others to come to my side to some extent. We were required to argue for who should receive funding based on the limited amount of money we had to distribute in a meaningful way. In order to get this, I had to be able to influence and contribute to the group by giving them a suggestion for where to…
We are using some promoting and effective tactics in our new project, which can change the people mind and make the societies peaceful. We are also arranging some raising awareness sessions for youth in universities and communities, so they can learn from campaigns. Psychological assistants and social work will also help youth to discuss their problems or if they are facing any societal consequences of drug abuse or addiction. We are designing some new prevention strategies for local people, who educate about the disasters country and communities can face due to drug addiction. There should be commitment to funds for drug prevention efforts, for long-term.…
Another controversy dealing with the negative parts of the nonprofit organizations is the tax exempt policy. Many of the organizations get a reduced tax amount or no tax amount when they are purchasing resources or product through their organization. Many people believe these organizations should be required to pay taxes because the taxes they do not pay go towards the taxes of everyone else. Each American is required to pay a tiny bit more on their taxes, but the money the organization saves by not paying taxes makes a huge difference for the organization. That small amount they do not have to pay each time adds up to be able to provide the necessary resources. If the government begins to require taxes to be paid by these organizations, less money would go towards those in…
I have chosen Non Profit organizations as a topic. I would like to explore the steps in building a successful Non Profit Organization. This topic interests me because I am interested in someday creating a non-profit organization that will benefit women all over the world and serve my community. A non-profit organization is a group organized for purposes other than generating profit. No part of the organization’s income is distributed to members or employees of the group. Non-profit organizations are founded to help people. Examples of these organizations are: churches, public schools, public clinics, volunteer services, and museums. When starting a non-profit organization one must designate it as a nonprofit when it is created and the status…