Strategic Planning for Profit and Non-Profit Organizations Name School Table of Contents Abstract 3 Introduction 4 Discussion 4 Role of government in regulation of non-profit fundraising 4 Demanding of disclosure statements 4 Provision of more funding 5 Appointment of external auditors 5 Role of states in regulating non-profit fundraising 6 Sarbanes-Oxley-type legislation in non-profit fundraising 8 Importance of Sarbanes-Oxley type legislation 8
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Profit vs. Not-for-Profit Organization A nonprofit organization is formed for the common good of the public. Nonprofit organizations are usually formed for some specific religious‚ charitable or educational purpose. A for-profit organization may be formed to conduct any number of lawful business activities. The primary reason to form a for-profit organization is to earn a profit for the owners of the company. Use of Profits Since a not-for-profit organization is formed to accomplish a specific
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Nonprofit Organizations David Williamson Essays on Excellence Lessons from the Georgetown Nonprofit Management Executive Certificate Program © 2009 Center for Public and Nonprofit Leadership Georgetown University Georgetown Public Policy Institute Essays on Excellence Lessons from the Georgetown Nonprofit Management Executive Certificate Program Advocacy in the Public Interest 2 Marketing & Communications in Nonprofit Organizations: It Matters More Than You Think David
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For profit vs. not for profit organizations Melinda Colp AIU Online Healthcare Administration HCM630-1203D-01 Professor Michael Schmitt September 16‚ 2012 Non-Profit healthcare organization vs. for-profit healthcare organization “Hospitals can be non-profit‚ for-profit‚ and government-owned and/or operated” (Baker & Baker‚ 2006). There are different terms for each classification in how to report and handle the finances but the basics are the same for any type of business. Business
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Not for profit organization: A non profit organization (NPO) is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. While not-for-profit organizations are permitted to generate surplus revenues‚ they must be retained by the organization for its self-preservation‚ expansion‚ or plans.[3] NPOs have controlling members or a board of directors. Many have paid staffs including management‚ while others employ unpaid volunteers and even
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is owned by private individuals. Usually‚ we have organizations within the economy where one is profit oriented and its main business objective is to make profit from the revenue it tends to make by the end of a certain period‚ therefore‚ nothing from the extra money made will be used to develop the business‚ instead‚ the profit will go to the owner of the business‚ adding to that the owner can be giving some of the profit to its employees as a way of motivation according to Maslow’s hierarchy of
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Definition of Non-Profit Organizations Associations‚ charities‚ cooperatives‚ and other voluntary organizations formed to further cultural‚ educational‚ religious‚ professional‚ or public service objectives. Non-Profit Organization startup funding is provided by their members‚ trustees‚ or others who do not expect repayment‚ and who do not share in the organization’s profits or losses which are retained or absorbed. Approved‚ incorporated‚ or registered Non-Profit Organizations are usually granted
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management relationship between non-profit and for-profit organizations. A recent surge to push non-profit organizations to behave in a more business-like manner has resulted in an evaluation of the financial management practices. This paper examines a few of the similarities and differences amongst the two organizational types in relation to source of funding‚ performance evaluation measures‚ and governing mechanisms. The analysis of non-profit organizations leads to an understanding that many
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Professor Long Application Assignment 1 1. Should nonprofit groups operate like businesses? What are some of the potential benefits of doing so? The potential dangers? According to Dr. Johnson‚ “no matter what particular type of organization we work in‚ we can learn from the experiences of others in different settings” (Johnson‚ 2007‚ p. xxiii). Nonprofit groups can‚ for instance‚ learn from businesses how to operate more efficiently by maximizing the use of available resources. Dr. Johnson
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types of organizations: profit‚ non-profit and government based organizations. This paper will discuss the differences between profit and non-profit organization and the weaknesses and strengths that each of the organization has. The University of Michigan will be used because it is a prime example of a non-profit organization and its services and the center for spinal surgery hospital will be discussed as a for-profit hospital. Body The University of Michigan’s health system is a non-profit organization
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