Articles Tagged With ‘Nonprofit Organizations’
A nonprofit organization (NPO, also known as a non-business entity[1]) is an organization whose purposes are other than making a profit.[2] A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view. In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization’s shareholders (or equivalents) as profit or dividends. This is known as the distribution constraint.[3] The decision to adopt a nonprofit legal structure is one that will often have taxation implications, particularly where the nonprofit seeks income tax exemption, charitable status and so on.
The terms nonprofit and not-for-profit are not consistently differentiated across jurisdictions. In layman’s terms they are usually equivalent in concept, although in various jurisdictions there are accounting and legal differences.
The nonprofit landscape is highly varied, although many people have come to associate NPOs with charitable organizations. Although charities do comprise an often high profile or visible aspect of the sector, there are many other types of nonprofits. Overall, they tend to be either member-serving or community-serving. Member-serving organizations include mutual societies, cooperatives, trade unions, credit unions, industry associations, sports clubs, retired serviceman’s clubs and peak bodies – organizations that benefit a particular group of people i.e. the members of the organization. Typically, community-serving organizations are focused on providing services to the community in general, either globally or locally: organizations delivering human services programs or projects, aid and development programs, medical research, education and health services, and so on.
From Wikipedia
Written on 24 May, 2015 in
Daily Briefs, Featured |
12 comments
In response to the San Luis Obispo Symphony’s Board of Directors firing longtime director Michael Nowak, the symphony’s musicians said in a press release on Saturday that they can no longer work with the current board. “We, the musicians of... (Continue reading)
Written on 23 May, 2015 in
Featured, Opinion |
9 comments
OPINION By NANCY DAHL Is the San Luis Obispo Symphony Board so out of touch with the musical world that they learned nothing from the situation in Minnesota over the last three years? The Minnesota Orchestra Board would not settle a... (Continue reading)
Written on 22 May, 2015 in
Daily Briefs, Featured |
25 comments
Prior to his firing by the San Luis Obispo Symphony board, longtime music director and conductor, Michael Nowak, engaged in a heated argument over fundraising with the nonprofit’s executive director. [Tribune] Last week, the board fired Nowak, and Executive Director... (Continue reading)
Written on 19 May, 2015 in
Daily Briefs, Featured |
24 comments
The San Luis Obispo Symphony board of directors has fired its longtime music conductor and director, Michael Nowak, prompting the entire violist section to threaten leaving the orchestra. Last week, the board announced in a press release that Nowak was... (Continue reading)
Written on 5 Mar, 2015 in
Daily Briefs, Featured |
19 comments
A summer camp for Central Coast children with speech and language disorders has cancelled its 45th year of operation, following a dispute with the San Luis Obispo County Office of Education over a legal issue, according to a news release... (Continue reading)
Written on 17 Jan, 2015 in
Daily Briefs, Featured |
No comments
The Pittsburgh Steelers added Paso Robles High School graduate Mitchell Van Dyk to its off-season roster on Thursday. In 2013, the Rams selected the 6-foot-7 inches tall, 318-pound Portland State offensive tackle in the seventh round. However, Van Dyk was... (Continue reading)
Written on 14 Oct, 2014 in
Discovered, Featured |
No comments
The San Luis Obispo Children’s Museum’s annual benefit is always the local party of the year, and this year promises to be a step back in time with guests asked to don 40s attire for the museum’s USO-themed fundraiser. And... (Continue reading)
Written on 17 Sep, 2014 in
Daily Briefs, Featured |
20 comments
Nonprofit hospital operator Dignity Health, which runs three care facilities on the Central Coast, is pouring money into the San Francisco 49ers’ new football stadium. [SF Gate] Dignity Health purchased luxury suites, known as a skybox, at the recently opened... (Continue reading)
Written on 24 Jul, 2014 in
Daily Briefs, Featured |
7 comments
A Grover Beach nonprofit has opted to temporarily close its science center after police arrested a former employee for forging checks and embezzling funds. [Tribune] Arroyo Grande resident Stacy Halvorsen, 40, is accused of forging two checks — one for... (Continue reading)
Written on 8 May, 2014 in
Daily Briefs, Featured |
30 comments
The Latino Outreach Council has failed to file require charity registration papers with the California Department of Justice for more than 10 years, even though the issue has been brought in front of the council multiple times. [NewTimes] In early... (Continue reading)