PPPM 280- Final Exam Guide - Comprehensive Notes for the exam ( 27 pages long!)
Document Summary
Can a nonprofit make a profit: yes but it can"t be distributed to the owners, profit has to go back to the organization or to the community. Its mission its its driving force, not profit: considered a corporation, usually volunteers, organized outside of government, self-governing formally constituted (legal filings, bylaws, etc) Non-distribution constraint: can"t distribute profits to owners . What do nonprofits do: health care, social services, education, environment and, animal welfare, housing and community development, arts and culture, public and social benefits. Informal groups don"t have to formally organize and get your irs determination with an annual budget under (and still offer tax deduction) Who do they serve: public serving organizations, direct services: education, health care, homeless shelters, spay and neuter clinics, welfare etc, public goods: environmental or civil rights groups. Advocacy and organizing: member serving organizations, trade associations, social and recreational clubs. How are they organized: commercial and mutual: chambers of commerce, consumers union, aaa.