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Non-Profit Organizations Case Study

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According to a study conducted by Parks (2009), it was 1900 since the emergence of non-profit organizations have started through the initiation of Arts and Culture Organization as it diversified its status from a profit-based system into a kind of philanthropic organization with tax incentives as the main instigation for the move. Through the years, the industry of non-profit organizations has been vastly engaged in different sectors of the society primarily to serve the general public. According to Peter F. Drucker, the “non-profit” institution neither supplies goods nor services not controls. Its “product” is neither a pair of shoes nor an effective regulation. Its product is a changed human being. The non-profit institutions are human-change …show more content…

A study was conducted by Mary Fischer and Treba Marsh about the accounting treatment for non-profit organizations entitled “Two Accounting Standards Setters: Divergence Continues for Non-Profit Organization”. The study focused on the comparison between the financial statements of non-profit organizations from universities, hospitals, fund-raising organizations and government agencies. This study concluded that there are major differences on how each of the sectors provides their financial statements. According to the study, “The time restriction treatment is the primary cause for some of the more significant reporting and recognition differences” which proves that there will always be difference in the way non-profit organizations provide their accounting …show more content…

They customarily come up with projects that will benefit a certain sector of the society. Likewise, the same goes with the area of the government but the only difference is they were somewhat under the supervision of the state. While in private accounting, the accountants record and analyse financial information of the organization that they work at. And lastly in Academe, accountants share the information that they have gathered throughout college to students who strive to be an accountant in the future.
According to an article by Lisa M. Sontag-Padilla, B. Lynette Staplefoote and Kristy Gonzalez Morganti, “Nonprofits face a myriad of challenges in establishing and maintaining financial sustainability, and these challenges are exacerbated for non-profits serving low-resources, high-need communities.” There have been many differences on how non-profit organizations provide their accounting statements and it has been confusing for the most part especially for those who do not have a background in the line of Accountancy. The line of budget in the non-profit organizations has been a big mystery to most of the

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Founded in 1967, United Way of Regina is dedicated to improving lives and building its community by engaging individuals and mobilizing collective action. The organization funds services and programs dealing with issues related to children, poverty and health in Regina. Its current focus is the promotion of learning and development opportunities for children. United Way of Regina raises funds primarily through the annual Community Campaign, which includes donations from company payrolls, corporations and individuals. It has a call line called 211-Saskatchewan in collaboration with the United Way of Saskatoon and Area to provide information on over 5,000 community, health, and government services in the area.

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172 Words | 1 Pages

Barnardo’s had a group over 1160 employees and over 8500 volunteers who staff and look after Barnardo 's shops. Barnardo’s also has a support team who have to take care of the Fiancé, Gift Aid, Marketing, Recycling, and last but not least Volunteer Recruitment. In Barnardo’s bigger shops, they would have to employ both a a Deputy Branch Retail Manager and a Branch Retail Manager. Customer service is really important for a business like Barnardo’s because as a branch retail manager they are responsible for every little aspect of the running shop. So that would include processing cash and credit truncations, managing the budget, taking weekly stock accounts and gathering sale figures, banking cash, hygiene, safety and compliance with fire

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839 Words | 4 Pages

I can simply answer because I want to be a hero. In my opinion, an auditor is a dark knight that saves the world secretly and silently. An auditor has to commit to do his job professionally as well as ethically. As a matter of fact, there have been many corporate and accounting frauds, such as the WorldCom scandal in 2002 and the Madoff Ponzi scheme in 2008,

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1313 Words | 6 Pages

In the essays The Gospel of Wealth by Andrew Carnegie and How Philanthropy Benefits the Super-Rich by Paul Vallely, both discuss philanthropy and the role of philanthropists in society. However, they both have different views on the effectiveness and ethics of philanthropy and its role in addressing social inequality. Through their writing, one can surmise society’s views of wealth, privilege, and the responsibilities of the wealthy during their time period. Using these articles and A History of Modern Philosophy by John Gardner, one can see the implications for modern discussion of philanthropy, as well as the connection between past and present philanthropic practices. First, in Carnegie’s

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529 Words | 3 Pages

Organizations that operate for-profit healthcare argue that they offer patients more options and flexibility. On the other hand, nonprofits claim to provide a superior patient experience and are more cost-effective. In keeping with their charitable mission and community focus, nonprofit hospitals are often affiliated with a particular religious denomination. For-profit hospitals are either owned by investors or shareholders of a publicly-traded company. For-profit healthcare entities are more likely to prioritize treatments that generate higher profits, such as open-heart surgeries.

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328 Words | 2 Pages

The structure of HOPE will be a nonprofit agency. Being an extension off of the Louisiana State prison system, HOPE will be categorized as a non-profit agency. Any of HOPE’s remaining income will be put towards achieving our goals of helping inmates reintegrate into society successfully and HOPE’s advocacy for policy change (Hansmann, 1980). HOPE’s main source for funding will be from Federal and State level grants. There are grants that can be accessed through multiple Federal departments (U.S. Department of Justice, 2015).

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531 Words | 3 Pages

Explain the difference between a for-profit and not-for-profit healthcare provider. For the most part, I have always thought that the difference between a for- profit hospital vs a not-for -profit hospital was the reflect on healthcare costs for consumers. Therefore, the majority of healthcare consumers do not know the extensive process of who owns and operates these two different types of hospitals.

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323 Words | 2 Pages

Good evening Professor and class. A disaster recovery organization which was established in 1865 by William Booth was the Salvation Army. This nonprofit nongovernmental organization (NGO) was built on the values of servant evangelism by serving the poor, homeless, hungry, and destitute (Salvation Army, 2016). Therefore, from its establishment you can see this organization was geared to serve those impacted by disaster. The Salvation Army’s first disaster in which they offered assist was in 1900 after a category four hurricane ripped through Galveston, TX claiming 6000 – 8000 lives and destroying the coastal community (Salvation Army, 2016).

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213 Words | 1 Pages

Some nonprofits may not get donations. Involvement from donors (donors like to give small donations directly to nonprofits, especially during the Holidays) Poor communication between nonprofits and donors.

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1022 Words | 5 Pages

The purpose of this paper is to compare and contrast the economic and voluntary spirit models discussed in the article titled, Toward Nonprofit Organization Reform in the Voluntary Spirit: Lessons From the Internet (Brainard & Siplon, 2004). Additionally, analysis will be presented with regard to acquiring and expending resources according to each model, specifically volunteers and charitable donations. Finally, this paper will discuss the correlation between charitable donations and giving within nonprofit organizations and biblical principles. Similarities Between the Economic and Voluntary Spirit Models Several similarities exist between each of the models presented in the article for nonprofit, or income tax exempt, organizations (Worth,

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474 Words | 2 Pages

A for profit organization, the textbook states “Social responsibility requires corporations and businesses to act with awareness of the consequences and impact that their decisions will have on others” (pg 717). The text also states that the four theories of the social responsibilities of a business is to maximize profits, moral minimum, stakeholder interest, and corporate citizenship. In the case of the Center, because it is a non-profit organization, their social responsibility is quit different. In nonprofit organizations, their social responsibility is to take social-impact very seriously. Organizations like the Center for Safety & Change expresses various activities that are mostly geared towards the well-being of the community and demonstration of how it can be

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1063 Words | 5 Pages

As stated, non-profits are typically publicly owned; this is not the case for social businesses. Social businesses are still private businesses with private ownership. For profit organizations exist primarily to generate a profit; to take in more money than it spends. The owners can decide to keep all the profit themselves, or they can spend some or all of it on the business itself. Or, they may decide to share some of it with employees through the use of various types of compensation plans (MANAGEMENT HELP).

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770 Words | 4 Pages

Non-profit sector is very different from both the public and private sectors. It is a tax-exempt organization or social sector which is mainly formed for the purpose of education, religious, art, animal right or charitable (Hatten, 1997). Popular examples for the non-profit organization are World Wildlife Fund, Do Something, United Nations Children’s Fund (UNICEF), Green Peace and Malaysia Red Crescent Society. The ownership of the non-profit organizations does not belong to anyone, even the founder of organization, which is very different from other form of business.

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1009 Words | 5 Pages

Leading people to invest in them based on false success. Accounting transparency is vital for the success of any organization. It is important for the investors, the customers and the bettering of the

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1051 Words | 5 Pages

 Legal requirement There is often a statutory obligation to keep and publish accounts and donor agencies almost always require audited accounts as a condition of grant aid.  Future planning Although financial accounting information is historical (i.e. happened in the past), it will help managers to plan for the future and understand more about the operations of the NGO (Lewis, T. 2013. Mango’s Handbook for NGOs: page

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