Are non profits a joke?

Are non profits a joke?
by

1 Answer

Answer :

answer:There are actually quite a few hoops to jump through to become a nonprofit, and it can take quite some time to get approval. What you are describing does not sound like a nonprofit, it sounds like an alternative business model. If he says he is a nonprofit, he should be able to provide you with a 501(c )3 number – that’s how you would claim your donation for tax purposes. At least in theory, nonprofits are not created to make money for the creator. As far as I know, the only way to get income is to create a position for yourself within the nonprofit and pay yourself a salary.
by

Related questions

Any advice, suggestions, comments on starting a Non-Profit organization?

Description : Any advice, suggestions, comments on starting a Non-Profit organization?

Last Answer : answer:get a lawyer, a good involved board…....team building mission statement and purpose community involvement is key

Anybody out there had any experience raising large amounts of funding for a non-profit through sponsorships?

Description : Anybody out there had any experience raising large amounts of funding for a non-profit through sponsorships?

Last Answer : Nice idea, You need to be set-up as a 501( c )3 “a non-profit” and have many years of history to be regarded as potential organization for sponsorship by corporate America.

Imagine you have a non profit idea that can put shoes in the feet of the whole world. And someone asks you "why?". What would you answer?

Description : Imagine you have a non profit idea that can put shoes in the feet of the whole world. And someone asks you "why?". What would you answer?

Last Answer : I am not sure I have that answer for you. I do know there are quite a few rather large efforts underway that address this issue and http://shoesforhumanity.org/ is one of them. Maybe they will have a good answer for you.

Imagine you have a non profit idea that can put shoes in the feet of the whole world. And someone asks you "why?". What would you answer?

Description : Imagine you have a non profit idea that can put shoes in the feet of the whole world. And someone asks you "why?". What would you answer?

Last Answer : I am not sure I have that answer for you. I do know there are quite a few rather large efforts underway that address this issue and http://shoesforhumanity.org/ is one of them. Maybe they will have a good answer for you.

Non-profit organizations that are eager to reach college students?

Description : Non-profit organizations that are eager to reach college students?

Last Answer : Non profits are having hard times right now. Funding has been stagnant or eliminated in many areas. If your long range goals are to be involved with non profits you may consider volunteering to get your foot in the door.

How do you find the Board of Directors for a Non-profit or Local Development Corporation?

Description : How do you find the Board of Directors for a Non-profit or Local Development Corporation?

Last Answer : Try looking them up on http://CharityNavigator.com or try the Better Business Bureau’s website: http://welcome.bbb.org

How to Become an Executive Director Of A Non-profit Organization ?

Description : How to Become an Executive Director Of A Non-profit Organization ?

Last Answer : How to Become an Executive Director Of A Non-profit Organization Being the main officer in a Non-profit Organization requires many of the same skills and talents needed in a corporate setting. ... that illustrate the achievements of your tenure, and relate them to the prospects of new organization.

What is the best place online to get good information about a nonprofit organization?

Description : What is the best place online to get good information about a nonprofit organization?

Last Answer : answer:Sorry for adding this as a comment. I want to look at the sources of revenue of an organization.

How to do relief work in New Zealand?

Description : How to do relief work in New Zealand?

Last Answer : answer:General consensus on the radio broadcasts over here is to stay out of Christchurch and let the services do their jobs. Red cross are taking donations, people with essential equipment are however ... to give people of CHC the opportunity to get away from it all and mentally collect themselves.

Why is there so much advertising for non-profits on Hulu?

Description : Why is there so much advertising for non-profits on Hulu?

Last Answer : You mean like….?? I see tons of ads for cars and junk food and the iPad, which hardly count as non-profit.

Is there a fundraising platform like mycharitywater.org that other non-profits can white label?

Description : Is there a fundraising platform like mycharitywater.org that other non-profits can white label?

Last Answer : Google ‘fundraising thermometer widget’.

Know of a good organizational assessment tool for non-profits?

Description : Know of a good organizational assessment tool for non-profits?

Last Answer : check out the craigslist foundation website.

Cool Non-Profits in San Francisco?

Description : Cool Non-Profits in San Francisco?

Last Answer : Alliance for Smiles, it’s a company that raises money for orphans in China who have cleft palates! Anita Stangle is the president, give her a call…

Ploughing-back of profits means– (A) Dividend declared but not claimed by shareholders (B) Non-declaration of dividend in any year (C) Profits earned from illegal sources and employed in business (D) Retaining the earnings of business for future expansion programme

Description : Ploughing-back of profits means– (A) Dividend declared but not claimed by shareholders (B) Non-declaration of dividend in any year (C) Profits earned from illegal sources and employed in business (D) Retaining the earnings of business for future expansion programme

Last Answer : Answer: Retaining the earnings of business for future expansion programme

If you want socialized healthcare, and are disgusted by the huge profits in healthcare, do you try to make sure you don't own stock in healthcare companies?

Description : If you want socialized healthcare, and are disgusted by the huge profits in healthcare, do you try to make sure you don't own stock in healthcare companies?

Last Answer : It would seem to be a conflict of interest, at the least.

Do excessive corporate profits hurt the economy?

Description : Do excessive corporate profits hurt the economy?

Last Answer : Making a profit is good Making excessive profit is not .

What is your take on the concept of "extreme" profits?

Description : What is your take on the concept of "extreme" profits?

Last Answer : Personally I think that people should be disproportionally rewarded for kicking ass in business, that and the fact that with the trillions that are being thrown around Washington make it seem like chump change. As long as you earn it through business and without coercion I don’t see the problem.

Isn't time to punish Apple for their excessive profits?

Description : Isn't time to punish Apple for their excessive profits?

Last Answer : I think our beef with the oil companies is that they’re making their billions by destroying the planet…

What`s your opinion on Craigslist`s business model? Would you maximize profits?

Description : What`s your opinion on Craigslist`s business model? Would you maximize profits?

Last Answer : I don't think you can compare EBay or Amazon to Craigslist .Isn't Craigslist purpose selling cheap used local items? How many people would pay to sell a $5 DVD or $10 Stereo? not me Here it's free to ... fee . Changing that would be a bad idea a lot of people would stop using it if they had to pay

Why factory/manufacture business tend to make a lot of profits?

Description : Why factory/manufacture business tend to make a lot of profits?

Last Answer : answer:What you are asking for is an economics lesson. The first thing to understand is the relationship between supply and demand. In your case, people want furniture, oil and coal much more than they want ... you want to feed your soul, go into music, but don't expect the money to follow you.

What is more important? Americans having more jobs available, or profits being kept in America?

Description : What is more important? Americans having more jobs available, or profits being kept in America?

Last Answer : I think the importance of job creation to the engine of the economy cannot be overstated. I think it is more important than profits staying in this country.

How does companies donating profits to charities affect your purchasing?

Description : How does companies donating profits to charities affect your purchasing?

Last Answer : answer:Companies donating to charity has no impact on me what so ever. Here’s a fact about the first year of the RED campaign that came out on TIME MAGAZINE: Money Spent on Advertisint: $ 100 MILLION Money Actually DONATED : $ 18 MILLION

How can ExxonMobil post record breaking 2nd Quarter profits?

Description : How can ExxonMobil post record breaking 2nd Quarter profits?

Last Answer : answer:This is why. When Dubya took office average gas price was $1.46/gallon.

Who profits from jute cultivation according to the jute growers’ lament? Explain -SST 10th

Description : Who profits from jute cultivation according to the jute growers’ lament? Explain -SST 10th

Last Answer : The impact of the Great Depression in India was felt especially in the agricultural sector. (i) It was evident that Indian economy was closely becoming integrated to global economy. India was ... increased. Large scale migration from villages to towns and cities also affected the urban life-styles

They pay a dividend to their employee and deposit the dividend in a for-profit interest-bearing bank. What is the ruling ? I work in an aluminum factory in Canada. At the end of each year the company pays employees a portion of the profits. They pay employees a portion of the cash. Another part is c

Description : They pay a dividend to their employee and deposit the dividend in a for-profit interest-bearing bank. What is the ruling ? I work in an aluminum factory in Canada. At the end of each year ... ; Such as interest bank , alcohol hall , cigarettes , other things and other investments of interest banks.

Last Answer : Alhamdulillah. The portion that the company pays at the end of each year is a portion of the employee's remuneration and salary. Since this money is kept separately in a specific account for the employee ... part. Will try to determine the amount of haram part as much as possible. GOD is Omniscient.

Will power plants compensate me for lost profits?

Description : If I run web servers, for example, and there is no power at home for a long time, even though I have been paid in full, can I claim lost profits from power plants?

Last Answer : According to the contract with the electricity supplier - read it. And also by cause. Anyway - running servers professionally without a large UPS and generator is unprofessional ...: D

What are the investment strategies that could help me to get maximum profits?

Description : What are the investment strategies that could help me to get maximum profits?

Last Answer : an investment strategy is a plan designed to help individual persona chieve there financial and investment goals.your investment strategy depends on your personak circumstances, including your age, capital, risk tolerance and goals.

How can call center outsourcing help a business in making profits?

Description : How can call center outsourcing help a business in making profits?

Last Answer : Call center outsourcing help a business in making profits in many ways. 1. Call center outsourcing can provide a lower cost per call and per order than internally managed operation. 2.Outsourcing ... are closed. They will also expertly handle an overflowing amount of incoming calls and emails.

The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits. 

Description : The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits. 

Last Answer : Choose the correct reason and complete the sentence: The ____________ also mentions trade by exchange, ... Samaveda (c) Yajurveda (d) Rigveda

___________ is an organization formed with the motive of providing services and not to earn profits. 

Description : ___________ is an organization formed with the motive of providing services and not to earn profits. 

Last Answer : ___________ is an organization formed with the motive of providing services and not to earn profits ... Profit Association (c) Co-operative Society

When the colony was started the Dutch hoped to earn large profits from which economic activities?

Description : When the colony was started the Dutch hoped to earn large profits from which economic activities?

Last Answer : Need answer

How did Spain and desire to ensure profits from its American empire affect the economic activities of Spanish America?

Description : How did Spain and desire to ensure profits from its American empire affect the economic activities of Spanish America?

Last Answer : What is the answer ?

How do restrictions on repatriation of profits affect MNCs?

Description : How do restrictions on repatriation of profits affect MNCs?

Last Answer : What is the answer ?

How much money does a normal gas station make in profits from a gallon of gas?

Description : How much money does a normal gas station make in profits from a gallon of gas?

Last Answer : Because of an extensive tax on gas, gas stations don't make much more than two or three cents per gallon of gas sold. Over time, that may add up to a lot of money for gas stations, but for a single gallon, the gas stations aren't making much.

How do I trade stocks and get profits in cryptocurrency?

Description : How do I trade stocks and get profits in cryptocurrency?

Last Answer : No, it's not like what Newnoy Estrada said. Stock trading is not the same as IQ option. They are different, IQ Option is a binary option, while KoinPro is trade forex and indices. KoinPro is much ... market prices. His comparisons are really lame. But I agree that you should use KoinPro, it's great!

As years went by and profits from sales were threatened, what kind of Indian affairs did the British East India Company become more and more involved in?

Description : As years went by and profits from sales were threatened, what kind of Indian affairs did the British East India Company become more and more involved in?

Last Answer : political and military A+

As years went by and profits from sales were threatened, what kind of Indian affairs did the British East India Company become more and more involved in?

Description : As years went by and profits from sales were threatened, what kind of Indian affairs did the British East India Company become more and more involved in?

Last Answer : political and military A+

Which of the following was not one of the consequences of the policy of exporting raw materials and food grains from India to Britain? [IAS 2003] (a) It raised the prices of raw materials (b) It brought enormous profits to unscrupulous businessman (c) It led to agricultural shortage and famines (d) It denuded the country of her agricultural surplus

Description : Which of the following was not one of the consequences of the policy of exporting raw materials and food grains from India to Britain? [IAS 2003] (a) It raised the prices of raw materials (b) ... (c) It led to agricultural shortage and famines (d) It denuded the country of her agricultural surplus

Last Answer : Ans: (c)

A firm's profits are equal to: A. R-C B. R>C C. R<C D. R=O

Description : A firm's profits are equal to: A. R-C B. R>C C. R

Last Answer : ANSWER: A

The difference between accounting profits and economic profits is: A. Implicit Cost B. explicit costs C. Fixed Costs D. Variable Costs

Description : The difference between accounting profits and economic profits is: A. Implicit Cost B. explicit costs C. Fixed Costs D. Variable Costs

Last Answer : ANSWER: A

Dividend can be paid generally out of– (A) share premium account (B) capital redemption reserve account (C) current year’s profits (D) All of these

Description : Dividend can be paid generally out of– (A) share premium account (B) capital redemption reserve account (C) current year’s profits (D) All of these

Last Answer : Answer: current year’s profits

The amount deposited in Securities Premium Account can be used for– (A) Distributing profits (B) Issue of Bonus Shares (C) Paying the amount to director (D) None of the above

Description : The amount deposited in Securities Premium Account can be used for– (A) Distributing profits (B) Issue of Bonus Shares (C) Paying the amount to director (D) None of the above

Last Answer : Answer: Issue of Bonus Shares

Some organizations have escalator clause in their labour agreements. What does this clause provide for ? (A) Automatic increase in wage/salary depending on seniority (B) Wage increase depending on output per day by the worker (C) Automatic increase in wage/salary depending upon increase in price index (D) Automatic increase in wage/salary depending on increase in profits of the firm

Description : Some organizations have escalator clause in their labour agreements. What does this clause provide for ? (A) Automatic increase in wage/salary depending on seniority (B) Wage increase depending on output ... index (D) Automatic increase in wage/salary depending on increase in profits of the firm

Last Answer : Answer: Automatic increase in wage/salary depending on increase in profits of the firm

Which one of following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Description : Which one of following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Last Answer : (3) Undistributed profits Explanation: For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as its Net Saving. Retained profits are those ... commitments to depreciation provision for various fixed assets, debts, government and to shareholders.

Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Description : Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Last Answer : (3) Pension Explanation: The income approach equates the total output of a nation to the total factor income received by residents or citizens of the nation. Transfer incomes are excluded from ... wages of labourers will be included, pensions of retired workers will be excluded from national income.

Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it's production costs

Description : Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it's production costs

Last Answer : (4) Saving in it's production costs Explanation: Economics of a firm includes how it combines labour and capital so as to lower the average cost of output, either from increasing, decreasing, or constant returns ... of a good or a service on a larger scale, yet with (on average) less input costs.

The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Description : The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Last Answer : (1) satisfy human wants Explanation: According to Adam Smith, consumption is the sole end and purpose of all production. The goal of production is the satisfaction of human desire. All the processes, by which human labor creates goods and services, bring them to the ultimate consumer.

The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Description : The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Last Answer : (3) falls as the annual yield of an investment rises. Explanation: The internal rate of return on an investment or project is the "annualized effective compounded re-turn rate" or discount rate ... the investment equals the net present value of the benefits (positive cash flows) of the investment.

The difference between GNP and NNP equals - (1) corporate profits (2) personal taxes (3) transfer payments (4) depreciation

Description : The difference between GNP and NNP equals - (1) corporate profits (2) personal taxes (3) transfer payments (4) depreciation

Last Answer : (4) depreciation Explanation: Gross National Product [GNP) is the gross value of all the final products without deducting the depreciation of fixed capital. Net National Product (NNP) is the value of ... a period of one year. The difference between the GNP and NNP is equal to Capital depreciation.

Who propounded the Innovation theory of profits? (1) J.A. Schumpeter (2) P.A. Samuelson (3) Alfred Marshall (4) David Ricardo.

Description : Who propounded the Innovation theory of profits? (1) J.A. Schumpeter (2) P.A. Samuelson (3) Alfred Marshall (4) David Ricardo.

Last Answer : (1) J.A. Schumpeter Explanation: Schumpeter's (1934) original theory of innovative profits emphasized the role of entrepreneurship (his term was entrepreneurial profits) and the ... innovation, in which independent inventors typically fed discoveries as potential inputs to entrepreneurial firms.