COM CM 345 Chapter 1,2,3,12: Dummies Week #1 Notes Chapters 1,2,3,12

• School: Boston University
• Department: Mass Communication, Advertising & Public Relations
• Course: COM CM 345
• Professor: Edward J Downes

Document Summary

Turning in to the world of nonprofit organizations. Nonprofits receive revenue from a variety of sources in order to provide services. Serve a defined need in the community. Tax deductible donations are important revenue source. Profit can"t be distributed to individuals, such as the organization"s board of directors. 501(c)(3: determined to be a public charity, get extra privileges under the law, tax-exempt but can receive tax deductible contributions, serve religious, educational, charitable, scientific, literary ends. Finding your mission and entering the nonprofit world. Mission overall goal or purpose of a nonprofit. Most established as corporations under laws of particular state. Then apply for 501c3 status from irs: must submit form 1023. Volunteering can be inspriring by bringing people together. Think of nonprofits as being an organized group activity. Dependency on contributions: largest amount comes from living people. People need to be asked for donations: 2. People need to be thanked after donating fundraising works better when people know you exist.