Profit

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    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 community and the cause being supported. Therefore, the revenue a not-for-profit organization accumulates is not distributed as income to the organization’s directors. A not-for-profit organization can fund the organization in various ways depending on the eligibility.…

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    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…

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    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…

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    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…

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    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…

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    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…

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    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…

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    Non Profit Entity Essay

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    15 Sept - Registering a Non-Profit Entity in Singapore - SGInc – Shri Ref link: http://www.sbsgroup.com.sg/incorporation/setting-up-a-non-profit-entity-in-singapore/ Registering a Non-Profit Entity in Singapore A large number of people are interested in doing their bit in the interest of society and public. Singapore allows them to register non-profit organizations (NPO) and give their efforts a legal status. Types of Business Structures  A Society  A Charitable Trust  A Public Company…

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    I have worked for many years for a non-profit organization and have have the privilege of being able to compare a nonprofit environment to that of a for profit company. In my experience, I have seen what goes in to acquiring donations from individuals and what their reaction's are to the amounts that may be asked of them. For example, people see my agency as a community based agency that helps people in all aspects of their lives: economically, socially, environmentally and even in the health…

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    Nonprofit Vs. Non Profit

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    difference between for profit organization and the nonprofit lies in the word itself, for profit relies on writing proposals for both the organization itself and other organizations. When profit organization writes proposals for their own organization those proposals are meant to increase productivity and increase profit for the company. The general audience would be the company workers and the heads, the writer would have to persuade them to take the initiative. Some form of persuasion the…

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