I am in the process of developing this site as a vehicle to help nonprofit organizations increase their sustainability, donations, community position and media visibility. My company, DCR Design, a division of Rice Agency, features a department with a profit and non-profit business consulting focus. I am looking forward to sharing my insights with members of nonprofit organizations.
Diana Campbell Rice
Upcoming Topics
- How are nonprofits funded?
- Develop a Direct Mail Campaign
- Develop Your Case for Support
- Develop a Membership Campaign
- Choose Your Board Members Wisely
- Create Special Events
- Please scoll to the bottom of the blog for reading suggestions
This will be interesting to me as I do not understand how non-profit organizations work and have always been curious about "non-profit" what the heck does that mean anyway. Don't we work for profit?
ReplyDeleteHi Patti,
ReplyDeleteHere is a brief description of the meaning of non-profit. I hope this explains it for you:
"A nonprofit organization (abbreviated NPO, or NFP not-for-profit) is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.
For-profit organizations exist to earn and re-distribute taxable wealth to employees and shareholders. The nonprofit corporation exists solely to provide programs and services that are of self-benefit. Often such earnings must be retained by the organization for its self-preservation, expansion and future plans. Earnings may not benefit individuals or stake-holders.
While some nonprofit organizations put substantial funds into hiring and rewarding their internal corporate leadership, middle-management personnel and workers, others employ unpaid volunteers and even executives may work for no compensation. However, since the late 1980s there has been a growing consensus that nonprofits can achieve their corporate targets more effectively by using some of the same methods developed in for-profit enterprises. These include effective internal management, ensuring accountability for results, and monitoring the performance of different divisions or projects in order to better benefit from their capital and workers. Those require satisfied management and that, in turn, begins with the organization's mission." (source: Wikipedia)