Nonprofit Career Month celebrated in October!

A-Celebration-of-Women-Feature-Banner

Have you ever contemplated joining the world of philanthropy?

A nonprofit organization (US and UK), or not-for-profit organization (UK and others), often called an NPO or simply a nonprofit and non-commercial organization (Russia and CIS), often called an NCO, is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. States in the United States defer to the IRS designation conferred under United States Internal Revenue Code Section 501(c), when the IRS deems an organization eligible.

NON PROFIT infographic_sm

While not-for-profit organizations are permitted to generate surplus revenues, they must be retained by the organization for its self-preservation, expansion, or plans. NPOs have controlling members or boards. Many have paid staff including management, while others employ unpaid volunteers and even executives who work with or without compensation (occasionally nominal). Where there is a token fee, in general, it is used to meet legal requirements for establishing a contract between the executive and the organization.

Designation as a nonprofit and an intent to make money are not related in the United States. This means nothing can be inferred by the declaration. Such inference is the purpose of the Internal Revenue Code, Section 501(c). The extent to which an NPO can generate surplus revenues may be constrained or use of surplus revenues may be restricted.

Creating a Not-for-profit Corporation
Corporations under the Canada Not-for-profit Corporations Act (NFP Act) can be created (i.e., incorporated) by filing a request through Corporations Canada’s Online Filing Centre. If you prefer to submit a non-online request to create a corporation (i.e., by email attachment, fax, mail or in person) this document will help you to prepare the request.

NON PROFIT 5info_2

Some NPOs may also be a charity or service organization; they may be organized as a not-for-profit corporation or as a trust, a cooperative, or they exist informally. A very similar type of organization termed a supporting organization operates like a foundation, but they are more complicated to administer, hold more favorable tax status and are restricted in the public charities they support. Their goal is not to be successful in terms of wealth, but in terms of giving value to the groups of people they administer to.

NPOs have a wide diversity of structures and purposes. For legal classification, there are, nevertheless, some elements of importance:

  • Economic activity.
  • Supervision and management provisions.
  • Representation.
  • Accountability and auditing provisions.
  • Provisions for the amendment of the statutes or articles of incorporation.
  • Provisions for the dissolution of the entity.
  • Tax status of corporate and private donors.
  • Tax status of the foundation.

Some of the above must be, in most jurisdictions, expressed in the charter of establishment. Others may be provided by the supervising authority at each particular jurisdiction.

While affiliations will not affect a legal status, they may be taken into consideration by legal proceedings as an indication of purpose.

Most countries have laws which regulate the establishment and management of NPOs, and which require compliance with corporate governance regimes. Most larger organizations are required to publish their financial reports detailing their income and expenditure publicly. In many aspects they are similar to corporate business entities though there are often significant differences. Both not-for-profit and for-profit corporate entities must have board members, steering committee members, or trustees who owe the organization a fiduciary duty of loyalty and trust. A notable exception to this involves churches, which are often not required to disclose finances to anyone, including church members.

LIST of COUNTRY LAWS for NON-PROFITS – WIKI
 
NON PROFIT 5info_3
 
2696 St. Clair Ave. West ( just east of Scarlett Rd).  M6N 1M2  MAPTORONTO, your support for our NOT FOR PROFIT Celebration House™ is appreciated and celebrated. This center will educate women (people) through FREE ‘step up’ programs, accredited programs, health & well-being courses, addiction programs, business coursing, speaker events, workshops, computer labs, etc.; as well as, online educational coursing to service our girls globally.

We are presently taking application for educators, presenters, dance teachers, music teachers, and events. We offer facility with office, complete wifi, computer lab, small banquet, complete sound, projection, dance mirror and more …. WE are also offering our member women entrepreneurs the opportunity to ‘BUILD YOUR BRAND‘ without upfront costs to YOU!.

  • SPECIAL NOTE: Every $100 Donation will Gift you back Your Name on Gratitude Plaque inside our WALL of CELEBRATION.
  • MAIL CHEQUES TO: A Celebration of Women™ Foundation Inc. to:  5 – 2696 St. Clair Ave. West, TORONTO, ON M6N 1M2
  • EMAIL TRANSFER: acelebrationofwomen@hotmail.com

DONATE this WORLD HABITAT DAY, and join us in our great cause for the education of women, enabling all women to be self sustainable with ability to maintain housing, work and live a positive, productive life!

DONATE NOW

RELATED:

The Dark Horse Conversation: Nonprofit Leaders Talk about Vocational, Organizational and Civic Renewal – DOWNLOAD REPORT

More Information – The Institute for NON-PROFITS + ACTION LINKS

Like many projects, The Abundant Not-for-Profit began as an audacious idea.

Abundant Not For Profit Full Cover_0We had no budget to support a project of this magnitude. There were many other – more urgent – priorities. Not to mention we’d never undertaken anything of this scope. And yet, we believed a book would spread our message further and faster than ever before. It could reach and inspire forward thinking not-for-profit leaders we might otherwise never meet. Blaze a new path to sustainability for the sector.

It was also a golden opportunity to walk our own talk.

We would only succeed by putting our own theory into practice: engaging an abundance of talent from the community. And so, in May 2012 we hired knowledge philanthropist, and professional project manager, Selma Kuurstra.

“Selma had experience project managing the creation of books, and our project was to complete our book, The Abundant Not-for-Profit, within the year. Selma was concerned we would not consider her as she didn’t live in Vancouver. How little difference that made! She used her business account technology to connect with us on a regular basis. She reminded us continually of sticking to the plan and timeline she had constructed with us. Her experience in the area of book development, and her attention to detail was exceptional.” READ MORE HERE

A-Celebration-of-Women-Feature-Banner

Speak Your Mind

*

Copyright 2014 @ A Celebration of Women™ The World Hub for Women Leaders That Care