Profit

For-profit colleges in the U.S. are higher educational institutions that are run similarly to a business, with the primary goal of the institution being to gain revenue. Most traditional colleges are nonprofit, however, for-profit colleges have increased in popularity around past 25 years. Well-known examples of for-profit institutions include ITT Technical Institute, Everest College, University of Phoenix, and DeVry University. Most of them have little or no requirements to enroll and they operate on many campuses all across the U.S. The business aspect of for-profit colleges differentiates them from traditional, nonprofit colleges. The two engage in different practices and run slightly differently because only for-profit colleges exist to…

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…

Not-For-Profit Organizations There are various forms of businesses and one form is a not-for-profit organization. A not-for-profit organization functions similar to a standard business but provides products and/or services to better a community without making a profit. These organizations do generate revenue, but through means of funding the organization. The profit that is generated within the organization is not used for personal gain or for a single individual, it is used to benefit the…

relentless pursuit of profit. All companies are motivated by the idea of profit maximization; corporations are no different. They strive to earn more and more profit. They are not guided by charitable ideals, a moral compass, or the need to help the community. Governed and owned by shareholders, corporations are instructed to seek out profit. They are responsible to them and them alone. Thus, this inherent quality in corporations prohibits them from being socially responsible. That does not mean…

the True Cost of For-Profit Schools? It was a typical Thursday night for 29 year-old Dane Lockman. The single father had just put his son to bed and was flipping through late night infomercials, looking for something to pike his interest. Suddenly, a captivating advertisement for Westwood College of Atlanta filled the screen. As Dane listened to the sales pitch, he felt the burning desire to pick up the phone and call the number on the screen. He could do this! He could be the first person in…

What is a Non-Profit Organization? A non-profit organization is an organization that gives back to the community. These organizations can fall under the categories of charitable, educational, scientific or religious (Robert DeMartinis). A non-profit has to find a funder to help these programs prosper. Then, they benefit off of the surplus revenues by applying it to these helpful programs. When the organizations' utilize these revenues, they can possibly gain more services for their…

Nonprofits focus on fulfilling an altruistic mission. In order to achieve missions successfully, nonprofits have to ensure survival. Nonprofits continuously have to think of new tactics and ideas to survive, especially in the for-profit world. On the other hand, businesses focus on maximizing profit. The bottom line is to make money. But what if the businesses began focusing on social good as well? Competition just got harder for nonprofits. Businesses are beginning to take on the role of…

Arts organizations often operate in a not-for-profit environment. In brief, not-for-profit organization is an organization that does not seek profit. It is obvious that not-for-profit organizations cannot be operated without “profit” and most of the not-for-profit organizations do commercial activities. However, any profit must return to the organization to support their mission in a not-for-profit organization. The goal of a not-for-profit organization may be its mission, not just money. The…

Introduction Within a non-profit organization the chief executive officer (CEO) is often referred to as the executive director. The chief executive officer or the executive director retains the highest power in a non-profit. The CEO should be someone who has a strong background in all subjects as it relates to the non-profit. As the CEO of a non-profit it is important that the CEO is fluent in financial leadership to help the organization become and remain a success. In order for the…

EXECUTIVE SUMMURY Non profitable organizations are legal bodies that are formed with a special mission to support the most needed ones. The impact of non profit organization upon the society is huge and thus the management and leadership of non profit organization is an area of concern. The mission statements of most non-profits are mainly focused towards helping people or addressing a need that is not met through government or private sources. The non profits were forced to act more like…