Nakita Davis
Walden University
Final Project: Ethics and Social Justice
Non-Profit organization
A non-profit organization is an organization that generally has the aim of serving the interests of the public. A nonprofit organization is a charitable organization that legally does not declare its profit but rather, it goes ahead and utilizes the revenue they have accumulated after their normal operating expenses in their services to the public interest. Therefore, the organization uses the surplus revenues to achieve their mission and purpose rather than dividing the income among the directors as dividends or profits.
Recently, in many countries all over the world, many nonprofit organizations have been exempted from income tax, as
…show more content…
There are quite some nonprofit organizations in the world that are very well-known by people all over. The top nonprofit organizations include the United Nations Children’s Fund (UNICEF), Human Rights Watch (HRW), National Public Radio (NPR), as well as the Human Rights Campaign. These are some of the widely known and recognized nonprofit organization of the generation that we are today. Therefore, it will be a great chance for me to give a critical outlook of one of these nonprofit organizations. I will point out key issues in the United Nations Children’s Funds that is widely recognized (Sinuany-Stern & Sherman, 2014).
The United Nations Children’s Fund (UNICEF)
It is a nonprofit organization under the United Nations that has its headquarters in New York City. UNICEF was established way back on December 11, 1946, by the United Nations General Assembly (Morris, 2015). The main aim why the United Nations General Assembly created the organization was to provide emergency food, as well as healthcare to those children that had been ruined by the Second World War. Ludwik Rajchman was the first individual to be the chairman of the organization. Ludwik served as chairman of the organization for a period of five years from the year 1946 to 1950 (Morris, 2015).
Initially, the organization was known as the
Multiple non-profit organizations have to rely on what’s called a grant. Foundations, corporations and government agencies help out with the fundraising efforts for the non-profit organization. Grants can be used for multiple purposes from supporting online fundraising that you created to crowd-funding. Grants can be from a few hundreds of dollars to millions of dollars. The amount depends on the source and the purpose of the grant. Receiving a grant is a different process than just receiving a donation from an individual. Non-profit organizations most of the time need to fill out a request and send out to what’s called a grantor. Non-profit organizations can help the organization grow, help the organization reduce risk and can come
According to our text, “Not-for-profit organizations lack a residual ownership claim and the organization’s purpose is something other than to provide goods and services at a profit.” “Because significant resources are provided to governments and not-for-profit organizations, financial reporting by these organizations is important.” (Page 2).
Nonprofits can be described as organizations that are held exclusively separate from the government, whether it be a local governing body or the federal government. Nonprofits are also known as the middle men and
While the terms nonprofit and not-for-profit are viewed by many as synonymous terms, they are differentiated as follows. Nonprofit Organizations (Non-Profit Organizations) operate very much like commercial businesses but do not seek a profit. Non-Profit Organizations include charities, private schools, and research organizations. Non-Profit Organizations do not pay taxes; donations to many are tax-deductible, usually up to a certain dollar limit. To be considered for Non-Profit Status, however, a nonprofit must register with the IRS, under section 501(c) of the federal Internal Revenue Code. Not-for-profit organizations (NFPOs), on the other hand, pay taxes and may earn a profit, but unlike dividends, those profits are not distributed to its owners or members (distribution principle). NFPOs include private clubs, sports organizations, political organizations, and advocacy groups. Contributions to not-for-profits are not tax deductible. While this research guide focuses on Non-Profit Organizations, it will cover issues in the entire nonprofit
Many entrepreneurs and business people are understandably confused about what is required for a corporation to be considered non-profit. A nonprofit corporation, or 501(c)(3), is a charitable organization that is recognized by the IRS. Non-profits do not pay income tax on its earnings or donations. Whenever people donate to a non-profit, they can reduce their taxable income through itemized deductions.
Not for profit organisations consist of organisations that are not run for the profit or personal gain of individual/s. They are often referred to as charities and provide benefit services to society, often encouraging people to band together by sharing resources to achieve a common goal. Profits can be obtained by these organisations but must applied for the organisations purposes. These organisations include Surf life-saving, Churches, and Salvation Army etc. (Sessoms, 2014).
The goal for non-profit organizations its to set up a demographic for the certain charity and to reach these demographics in a proper way in order to receive donations. The donors do not just donate to anyone. It is important for the organization to first have a good reputation and a good standing. There are many non-profit organizations that do not stay true
Not in a bad way however, in so many ways they want to save the lives of kids who need it so badly. In the first place, they want everybody to recognize that children need rights like every other person in this world. Many around the world are living in poverty and are experiencing lack of fairness in the world. They want children to be shielded from the appalling effects from war, inequality, malnutrition and not by some of the kids of the world, they want to aid every single person they reach. A goal that this whole organization was made for was to relieve the pain and suffering of the children around the world. That there are people in this world that want to help them with their
I have chosen the UN Watch as the Non Governmental Organization required by this assignment. The group is based in Geneva and it's function is to monitor the United Nations, (UN) and promote human rights.
Many people have viewed the ads about hungry children in Africa and have felt the sadness upon seeing these malnourished children. Many organizations put up ads like these and they are known most commonly as Non-governmental Organizations (NGOs); they are the ones who are most involved in giving traditional humanitarian aid: providing food, water, and shelter to refugees. People admire NGOs for the difference that they strive to improve the lives of others. However, many donors and benefactors of non-governmental organizations really know what is being accomplished by them. NGOs are cloudy in portraying their actual doings, and as researchers dig and evaluate , they discover unpleasant truths about NGOs. The truth is that NGOs are actually ineffective in many areas of their organization, and their inefficiency is what inhibits them from alleviating people´s suffering the best that they can.
The main purpose of commercial organization is to earn money for its owners. The NPOs can’t have owners, as this entity is intended to serve the population, and the law clearly defines that the property (with the concomitant extraction of private benefits) is incompatible with serving the public interest. ## So non-profit organization is the organization that has no profit as the main objective of its activity and doesn’t distribute the profits among the participants. This doesn’t mean that non-profit organizations can’t make money, but the money should go to public purposes for which organization was created. These funds can also be set aside for future programs or transferred to other organizations working for the benefit of society. In this way the NPOs can engage business activities: to produce goods and services, acquire and dispose of securities and property and non-property rights, participate in the economic companies and limited partnerships as an investor.
UNICEF: “UNICEF, a founding Cosponsor of UNAIDS, is the leading voice for children in the global AIDS response. It aims for an AIDS-free generation in which all children are born free of HIV, and where children living with, and affected by, the
A nonprofit organization is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals. Therefore, people involved with NPO's do not make money for themselves. Any money made by an NPO in the U.S. can be viewed on the organization's 990 forms, which are required to be made available to public.
A not for profit organization is a corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive (Legal, 2013).” There are immense community benefits as a not-for-profit generally accepts everyone regardless of ability to pay. Nonprofit organizations are granted tax-exempt status which helps them to provide services to the public and are expected to be effective managers of their finances as well as being efficient (Financial Management, 2010). In doing so, they can gain exemptions from federal and state incomes taxes and have the ability to solicit tax-deductible contributions (Financial Management, 2010). Organization must follow legal financial
UNICEF was created by the United Nations General Assembly to provide relief for the children victimized by World War II and was originally known as the United Nations International Children’s Emergency Fund. Headquartered in New York, it is now a