Non-profit hospital

NON-PROFIT ORGANIZATION An organization whose mission is to provide services needed by a society is a non-profit organization (NPO). Non-profit organizations are companies that do not declare a profit and utilizes all of its revenues, once operating expenses have been satisfied, toward servicing the public interest. There are two types of non-profit organizations: unincorporated and incorporated. An unincorporated cannot be given federal tax exemptions or the designation of 501 (c) (3) as…

Finance is the lifeblood of every foundation. Therefore, no organization can achieve its aims without sufficient cash outlay. In the same capacity, the EdFirst Foundation is a victim of circumstances. The organization is concerned with the provision of mentoring and afterschool programs, as well as other resources for the k-12 children from the low-income families in the inner cities. Historically, the foundation is open to all the children from the ten cities where the EdFirst operates.…

The contributions towards nonprofits from individuals and businesses have been a critical factor to why thousands of organizations exist to this day. The tax regulations that the United States has created in relation to charitable deductions allows for all of these individuals and businesses to deduct the contributions that essentially reduces their taxable income. As we work to understand charitable contributions and the effect it has on the government, some basic information will be reviewed…

SOS Children’s Village - USA is an example of a Nongovernmental Organization. The mission of the SOS Children’s Village is to provide abandoned, vulnerable, and orphaned kids a loving home. The organization can provide a safe environment for kids where they can continue to live their life with a stable and secure family, medical care, and education. (SOSUS, 2018) SOS Children’s Village, founded in 1949, helps families that are at risk of falling apart and kids with no families. With kids being…

D – BUSN642 – Assignment week1 When considering resources available to nonprofit agencies, we really need to include governmental rules, regulations and guidelines, and the examples they set in fiscal management. This is a valuable resource that many overlook. In order to consider the viability of state and federal grants, we could begin by taking the reporting aspects into consideration. I worked in local government for five years, and learned a few things relating to financial reporting…

Financial Difference between For Profit and Not-For Profit Organization When an Entrepreneur want to start a business he or she has a wide range of decisions to make before beginning. One of the basic or first decision is if the business is for profit or not for profit organization. A for Profit organization basic or priority goal is to make profit while Non- Profit is a business whose priority is rendering services to the community such as food , water, health, shelter, education environmental…

UP OBSERVATION In the 1970’s, Bedford Care Centers started their careers in long-term care. It was in Hattiesburg, Mississippi, where the first Nursing home was purchased, the number of Bedford Care Centers has grown, and we now have centers in central and south Mississippi. Bedford Care Center, now have a sister company that provide services; such as retail and institutional pharmacy, staffing relief, and private-duty care to seniors. Although, we are still based in Mississippi, with a…

The nonprofit organization that I have chosen for my research project is Habitat for Humanity International (HFHI). There are many credible nonprofit organizations but Habitat for Humanity is the only one that I have ever worked for and truly enjoyed my time there. It does not hurt that I believe in their mission, vision and principles. HFHI’s mission is “Seeking to put God’s love into action Habitat for Humanity brings people together to build homes, communities and hope” (Habitat for…

Familiar international non-governmental organizations (INGOs, for short) include Amnesty International, known for its collection on data about human rights violations, and the International Red Cross, which offers aid to foreign countries after natural disasters. While these organizations’ goals differ organization to organization, the basis is that they find international human rights violations, sometimes punish those who violate human rights, and offer aid to other countries in need…

Goodwill has been in business for 113 years, and was the brainchild of Rev. Edgar J. Helms, a Methodist minister and an early social innovator. Helm’s philosophy was simple; collected used household goods and clothing in wealthier areas of the city, then hire and train the underserved to mend and repair the used goods. The goods were then resold or were given to the people who repaired them. The system worked, and the Goodwill philosophy of “a hand up, not a hand out,” was born (“Our History,” n…