Non profit organisations
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Non-profit organizations exist to benefit their members rather than generate profits. They aim to provide facilities and services for members to use, and are formed for educational, religious, charitable, or social welfare purposes. Non-profits are governed by elected boards of directors and obtain funding through contributions, dues, programs, fundraising, grants, and investments rather than being owned by businesses seeking profits.
Non profit organisations
- 1. Features and Principles of Non-profit Organisations
- 3. Non-profit organisations Features Exist for the benefit of its members and not for making profits Aim is to provide facilities for their members to use and enjoy They are formed for idealistic purposes which may be educational, religious, charitable or social welfare of the people at large. Non profit organisations daily operations are conducted by an elected board of directors
- 4. Non-profit organisations Principles Non profit are not owned by businesses they obtain funds from contributions, membership dues, program revenues, fundraising events, public and private grants, and investment income