Examples of Nonprofit Organizations
- Dean Karlan’s Innovations for Poverty Action
- Robert Shiller’s Case Shiller Weiss Incorporated
- Peter Tufano’s Doorways to Dreams
- Wendy Kopp’s Teach for America
Cooperatives vs. Nonprofit Organizations
The main differences between cooperatives and nonprofit organizations are:
- Cooperatives do not have the maximization of profits as the very first objective.
- Cooperatives may distribute profits.
- Cooperatives have a specific voting system for its members.
Tendencies in Cooperatives
Which of the following tend to be true for cooperatives:
- Nonprofit organizations are legal entities organized and operated for a collective, public or social benefit, diverging from entities aiming purely for profit generation.
Financial Statements for Non-Profit Organizations
There are 4 main financial statements for non-profit organizations:
- The Statement of Financial Position
- The Statement of Activities
- The Statement of Cash Flows
- The Statement of Functional Expenses
Marketing Segmentation
Marketers of automobiles, financial services, and travel are most likely to use gender segmentation. An executive write up of a new-product idea to be presented to a new-product committee would likely include:
- Many marketers believe behavioral variables are the best starting point for building marketing segments.
Purpose and Structure of Nonprofit Organizations
- A nonprofit organization is a startup body aimed at helping society to achieve a common goal and has a lasting positive impact.
- Nonprofits have a board of directors and often an executive director leading employees and volunteers to fill gaps in services.
- Nonprofits must file certain founding documents with the IRS to attain tax-exempt status.
Types of Nonprofit Organizations
There are two main types of nonprofits:
- Nonprofit organization (NPO)
- Not-for-profit organization
Dissolving a Nonprofit Organization in Utah
The process for dissolving a nonprofit organization in Utah involves:
- Notifying the Utah Attorney General’s Office of intent to dissolve
- Providing necessary documentation to the Attorney General’s Office
- Filing the Certificate of Dissolution with the Utah Division of Corporations
Distinction between Nonprofit Organizations
Nonprofits have a distinct legal structure with their mission not primarily focused on profit generation. Their sources of funds include contributions, grants, surplus, and debt instruments. Animal rights nonprofits like the Animal Legal Defense Fund and labor unions fall under this category.