for a non-profit organization. And although Hoffer had begun an online educational program‚ it is obvious that the unique challenges of running a non-profit business were unfamiliar to the group‚ and this created a gap in their skills and requirements. If the group could have predicted the future legal issues‚ they may have adjusted their strategy by hiring a legal consultant to guide the organization through the process. 2) Originally‚ the team chose to launch the business as a 501(c)(3) non-profit
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Overview of the nonprofit sector The nonprofit sector is the collective name used to describe institutions and organizations in American society that are neither government nor business. (“What is the Nonprofit”‚ n.d.) Outside the United States‚ nonprofits are often called nongovernmental organizations (NGOs) or civil society organizations. (Campbell‚ 1987) However within nonprofit organizations there are other names which emphasize the characteristics that distinguish nonprofits. Essentially they are
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Team Research Paper Fundraising for a nonprofit organization in a weak economy is very uncertain; not many individuals or businesses have the financial means to lend money. Thus‚ it is imperative to use all approaches to fundraising. Fundraising for a nonprofit organization typically involves applying for loans‚ grants‚ and using other forms of government and public assistance. When implementing non-traditional approaches to fundraising‚ it is important to use every possible means of government
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P1 – Describe the type of business‚ purpose and ownership of two contrasting businesses. For this task I have been asked to select two contrasting businesses‚ which include both profit and non-profit sectors and some variation in size. I have been asked to focus on the type and form of the businesses‚ the purpose of the businesses and the extent of owner’s liability. I intend to briefly give a background of the businesses; this will be followed by paragraphs explaining: the type and form of the
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Andrea Gutierrez Kingsbury/Melvin English 12PCP/Medical Ethics March 27‚ 2013 Be the Change Non-profit organizations provide services and benefits to the public. Organizations are set up to create a project where any surplus money will be spent to provide programs typically for education and social causes (Swenson). Social causes include poverty and disability in developing countries. The world’s poor are more likely to develop a disability within their lifetime however they are not able to
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My community service was done at Goodwill Super store on 11/4/13-11/5/13. Goodwill is an organization that sells clothes‚ furniture‚ shoes‚ toys‚ decorations‚ curtains to almost anything you will find similar to a TJ Maxx store. But these items are donated from people who do not need their items anymore and these items will sell for much less than a retail store. Goodwill is mostly for people who can not afford the things that they need in life because they ay be struggling with a money problem
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The ethical case study is about National Kidney Foundation Singapore (NKF) and its scandal‚ which resulted in some negative effects on the public trust towards Singaporean charity organizations. One of the most important ethical issues which need to be analyzed is the NKF’s management of the raised money. NKF is well-known and is considered as one of the largest charity in Singapore. For example‚ in 2002‚ NKF received S$67.5 million accounting for nearly 18 percent of total donations that year.
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The World Food Program (WFP) is a United Nations frontline agency that fights against hunger by continually responding to emergencies around the globe. The organizations are funded by governments‚ humanitarian organizations‚ and other voluntary entities or individuals. According to Wikipedia‚ it is “the world’s largest humanitarian organization addressing hunger worldwide”. WFP saves lives by getting food to the hungry fast. Over the years‚ WFP has developed expertise in different areas including
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importance of a workable budget in any organization is the success for profit or non profit. Profits provide growth and expansion for the organization. Strategic planning presents choices and objectives in accounting practices. The importance of budgeting includes all elements averaging the amount of expenses and allocating the amount monthly; running budget comparison reports determining the expenses incurred. Incorporating technology creates a more efficient organization accounting errors are less prevalent
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was working for 3 different non-profit organizations in the Bay Area. The known fact is that non-profits don ’t state a profit as a main purpose of their operations. They declare the service of the public interests is as the most important goal. The short trait of cultural background of non-profit companies would be The culture of giving ’. This statement describes well the California Birth Defect Monitoring Program (CBDMP)‚ the medium-sized non-profit organization where I was working for two
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