Premium Essay

Non Profit Organization

In: Business and Management

Submitted By ray13
Words 8214
Pages 33
An Assignment
Nonprofit organization

Submitted To
Ali Mohammad Kawser
Department of Marketing
University of Dhaka

Submitted By
MBA 13th Batch
Section: A
Department of Marketing
University of Dhaka

Date of Submission: May 19, 2012 University of Dhaka


Name | Roll | Md. Rayhan Uddin | 041 | Md. Maksed Ali | 079 | Chanchal Das | 147 | Md. Suman Miah | 153 | Md. Manik Uddin | 159 | Moklesor Rahman | 179 | Md.Humayun Rashid Bhuiyan | 135 |

Ten non profit organizations in Bangladesh:

1) Government of Bangladesh 2) National University 3) Abahoni Limited 4) Anjuman Mofidul ISslam 5) DESA 6) DESCO 7) WASA 8) Quantum Method 9) ASA 10) Action aid Bangladesh

Introduction: A nonprofit organization is formed for the purpose of serving a public or mutual benefit other than the pursuit or accumulation of profits for owners or investors. "The nonprofit sector is a collection of entities that are organizations; private as opposed to governmental; non-profit distributing; self-governing; voluntary; and of public benefit" (Solamon 10). The nonprofit sector is often referred to as the third sector, independent sector, voluntary sector, philanthropic sector, social sector, tax-exempt sector, or the charitable sector. Non-profit organizations play a major role in all nations. Non-profit organizations do contribute in several areas of society and economy without any profit motto.
In modern days economy is handled by State and Capitalists (Business community). At some point they work together while at other they compete with each other.
State/Government though itself is a non-profit concept, but still they work under strict governmental procedure, constitution and budget with popular consent and vote. On the other side profitable entities (capitalists/business...

Similar Documents

Premium Essay

Non Profit Organization

...Dear Mr. Wilson, I have been working for this company for many years now and I believe that, when we are choosing the non-profit organization to support, we should be choosing carefully and strategically. I have researched and studied many non-profit organizations to choose this year and I believe there is one that stands out to me the most for very many reasons. Our company should be choosing a non-profit organization that is very successful in what they do, which is helping the less fortunate to live a better life. In my opinion, United Way has been very successful and is a very deserving organization that our company should be supporting. United Way helps out the community in many ways, such as helping the children achieve their potential, promoting financial stability and independence and they are improving people’s health all over the world. They believe it takes everyone in the community working together to create a bright future, and shouldn’t everyone believe in this message to make this work? If our company supports this organization, it will send the message to our community and we will be a part of this big movement. Don’t you want to look back and say that you were part of something great, which impacted the whole world in a positive way? In order for this to happen, we must first start by choosing the right organization to support. I hope you will take this into your consideration and make the right choice. Regards, Shilugei...

Words: 254 - Pages: 2

Premium Essay

Audit in Non Profit Organization

...| Internal Auditing in Not-For-Profit Organizations | TABLE OF CONTENTS ABSTRACT: 2 INTRODUCTION 2 SECTION I: CORPORATE GOVERNANCE 3 1. Corporate Governance Reforms Relevant to NPOs 3 2. Audit Committees of NPOs 4 SECTION II: RISK MANAGEMENT 6 1. Absence of Risk Management in NPO 6 2. Reasons for Risk Management in NPO 7 3. Process of Risk Management in NPO 9 SECTION III: INTERNAL CONTROLS 10 1. An illustrative example 10 2. Good Internal Controls 11 3. Strengthening Internal Controls 12 CONCLUSION 14 ABSTRACT: This paper discusses internal auditing in not-for-profit organizations (NPOs). Specifically, our goal is to identify the role of the internal audit in NPOs by focusing on key areas such as corporate governance, audit committees, risk management and internal controls in NPOs. We will look at corporate governance reforms relevant to NPOs, including provisions of the Sarbanes-Oxley Act that would be applicable to NPOs and some important attributes of the audit committee such as independence of members. We will highlight the role risk assessment plays in NPOs, the reasons to have a risk management function in NPO and the process of risk management. To finish, a focus will be made on internal controls as they are important for all organizations including NPOs for accountability motives. Strong internal controls can help NPOs achieve their mission. Overall, our findings conducted to the conclusion that internal auditing function is very......

Words: 4024 - Pages: 17

Free Essay

Leadership in Non-Profit Organizations

...Leadership in Non Profit Organizations Institution Name Date Introduction It is evident that nonprofit organizations have proved to be indispensable in improving the vitality of communities in the current society. They enhance the quality of life, reinforce democracy and exemplify societal values. The purpose of this paper is to explore the foundational things that are necessary for leadership development in nonprofit organizations, to develop insights to avoid making mistakes in that leadership model, and to correlate Jazz music and leadership. Leadership in the nonprofit sector revolves around the fundamental values of transparency, accountability, strategic planning, quality governance, commitment, and stewardship of human and financial resources. Nonprofit organizations are faced with a legal and ethical obligation to embrace transparency and accountability in all their operations. This implies that they must openly convey information to the pubic concerning their objectives, activities, decisions and accomplishments. By doing so, organizations build public trust and understanding and thereby establish a good reputation (Minnesota Council of Nonprofits, 2014). The significance of strategic planning in nonprofit organization leadership cannot be underestimated because it is imperative that a general direction is set to ensure that the mission is accomplished in the end. In addition to adopting a clear strategic plan, organizations must ensure that it is acted......

Words: 1036 - Pages: 5

Premium Essay

Non-Profit Organizations Case Study

...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...

Words: 806 - Pages: 4

Free Essay

Financial Management in Non-Profit Organizations

...Executive Summary Nonprofit organizations (NPOs) play a major positive role in all economies and societies that they service. These organizations have helped millions of people around the world by providing a great deal of valuable assistance and support via educational, scientific, charitable, legal, and many other means. An NPO is “a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers” ( Types of NPOs include volunteer service organizations, public charities and schools, public clinics and hospitals, political organizations, legal aid societies, labor unions, churches, research institutes, professional and environmental associations, museums, and some government agencies ( Some of the purposes service for these organizations include working for social change, to help people help themselves, and to fight for the civil rights of others. NPOs are a vital part of our nation’s economy, as they not only provide much needed public services to all concerned citizens and inhabitants of the U.S., they also provide millions of jobs for nation’s workforce. This essay will discuss the application of financial management techniques in NPOs. A comparison and contrast of nonprofit and for profit organizations (FPOs) will be examined while focusing on the fundamental differences between the two. How NPOs and FPOs are affected by different laws......

Words: 1823 - Pages: 8

Premium Essay

Non-Profit Versus for-Profit Healthcare and Organizations

...Non-Profit versus For-Profit Healthcare and Organizations In analyzing the characteristics in relation to nonprofit versus for-profit healthcare and organizations I found an interesting article from the Congressional Budget Office [CBO] (2006), which breaks down the ownership types of hospitals nationally. Based on 4,518 community hospitals, 58 percent are non-profit, 18 percent are for profit, and the remaining 24 percent are government owned hospitals. Non-profit hospitals were established for charitable purposes and tend to be larger, and are more likely to be teaching hospitals. They also are responsible and accountable to the communities they serve. They are governed by leaders of the communities they serve. Earnings received from the non-profit hospitals are reinvested to improve quality and care provided at the hospitals, and also invested in community programs, such as providing no fee or discounted fees to the uninsured and low income for health care services. Non-Profit healthcare organizations mission is to serve communities by providing healthcare without regard for a patient’s ability to pay. For-profit hospitals are legally responsible to their owners and stockholders and performance is based on profitability and the return on equity to its shareholders. Profits from earnings can be distributed to owners and stockholders. There are also tax treatment differences for the for-profit and non-profit hospitals. (CBO, 2006) The......

Words: 928 - Pages: 4

Premium Essay

Non-Profit Organization Management: the Holistic Highlights

...Non-Profit Organization Management: The Holistic Highlights Non-Profit organization management is not very different from managing any discrete organization. A not so recent survey conducted by The National Center for Charitable Statistics states that there were over 1.5 million non-profit organizations in United States alone, in the year 2010. A footnote mentioned that this did not take into account those, whose income was less than $25,000. The above piece of trivia is just an indicative proof for the opening statement. While every non-profit organization has certain perks, and there are elaborate relaxations in context of taxation decrees applicable to such entities, the very large number indicates that every domain (well, we know each non-profit organization has its own domain of operations) still would have appreciable competition. But a chunk of Success lies in standing out. Identity and Branding Vision and Ideology When it comes to being an effective non-profit organization management: being very strict in its adherence and compliance with the ideology and vision of the organization at large is the cardinal rule of survival. No other organization or entity depends on branding and image as much as a Non-Profit Organization would ever do. The Vision of the organization is what classifies it, and sets its domain of operations. The Ideology and its vociferous publication of the same, is what creates the image and identity of the non-profit organization. Herein lays...

Words: 891 - Pages: 4

Premium Essay

The Importance of Culture to the Success of Non-Profit Organizations

...The importance of culture to the success of non-profit organizations There are three different sectors of industry: private, public (government) and non-profit. The non-profit sector’s purpose is simple, no matter what type of business it is they serve to meet the needs the private and public sectors lack thereof (McDonald). Most non-profit organizations (NPO) are programs that cater to the community or serve people in order to improve the quality of life or are seeking social change. By being socially responsible of others nonprofits are breaking down barriers to build a better global community. Non-profits exist in almost every industry or line of work. Some popular ones are women’s rights, animal rights, environment awareness, health, and community development. When there is a cause and a group of people willing to work for it, a non-profit organization can be formed. They range in size, from a small local organization of just a few members, to nationally recognized organizations with several locations domestic and international. Non-profits are known for having unique cultures compared to for-profit and government organizations because there is some form of moral compass driving the purpose of the NPO versus the sole purpose to make money. Culture in the workplace is essential to the success of nonprofits because it lays the foundation for the direction of the organization based on similar beliefs and values and it is the determinant of the behavior or actions of...

Words: 2796 - Pages: 12

Free Essay

Internal Controls and Fraud Prevention in Non-Profit Organization

...INTERNAL CONTROLS AND FRAUD PREVENTION IN NON-PROFIT ORGANIZATION WRITTEN BY DAVID SANNI Designed to provide information on key areas that can strengthen the internal control system of VI-MID-ISLAND SERVICE (VIMS) Submitted To VANESSA OLTMAN Faculty of Management Vancouver Island University Nanaimo, BC, Canada (Nov/15/2012) Table of Content 1.0 INTRODUCTION 3 2.0 NATURE OF FRAUD IN CANADIAN NON PROFIT ORGANIZATION 3 2.1 TYPE OF FRAUD IN NON PROFIT ORGANIZATIONS 3 2.2 PERPETRATORS OF FRAUD IN NON PROFIT ORGANIZATION 4 2.3 IMPACT OF FRAUD TO NON PROFIT ORGANIZATION 4 3.0 COMPREHENSIVE APROACHE TO REDUCE FRAUD 5 3.1 UNDERSTANDING INTERNAL CONTROL 5 3.2 BENEFIT OF INTERNAL CONTROL 5 3.3 LIMITATIONS OF INTERNAL CONTROL 6 3.4 CONTROL MEARSURES IN PREVENTING FRAUD 6 3.5 SUMMARY AND CONCLUSION……………………….………………….8 4.0 REFERENCE…… ……………………………………………………………9 1.0 INTRODUCTION The Canadian non profit sector has one of the largest populations in the world, accounting for over 7% GDP and creating 2 million full time jobs for Canadians. Further discoveries was made that 78% Canadians donates money to non profit Organization irrespective of all walks of life and income bracket. These donations are received to address core......

Words: 2777 - Pages: 12

Free Essay

Ceo of Non-Profit Organization

...About our outreach program The Azalea Youth Outreach and Referral Program’s goal is to empower our youth and focus on pro-active coaching and early intervention to address the youth and family issues through skill building, education, and advocacy. We reach out through the community, schools, churches, civic groups, social groups, and nonprofit organizations. The program promote efforts by its grantees to build relationships between our youth and outreach workers, their local communities, local schools, and social setting with homeless, troubled, low income youth. Grantees also provide support services that aim to coach youth into stable housing, daily living skills to prepare them for independence. It requires grantees to incorporate elements of the Positive Youth Development approach into their programs. PYD suggests that the best way to prevent risky behavior is to help young people achieve their full potential. Youth development strategies focus on giving young people the chance to exercise leadership, build skills and become actively involved in their communities. The Azalea Youth Outreach Referral Program (A.Y.O.P.) enables organizations around the Birmingham City and Jefferson county area to help young people get off the streets. The A.Y.O.P. is also designed to provide service to the community and change things in a positive way. We recruit volunteers of all ages as possible to get involved and help make a difference such as: ADOPT-A-COMMUNITY YOUTH NIGHT This......

Words: 1287 - Pages: 6

Premium Essay

For Profit vs. Non Profit

...Financial Management in Non-profit Organizations and How It Compares to For-Profits Organizations are usually classified as either non-profit or for-profit. Business corporations are organized for-profit. While non-profits usually include associations, charities, and other voluntary organizations formed to further cultural, educational, religious, or public service objectives. Non-profits and for-profits do have some things in common. Both types of organizations attract individuals focused on maximizing income, minimizing expenses, and reaching their goals. While there are many similarities, non-profits and for-profits have many differences. The most fundamental difference between nonprofit and for-profit organizations is the reason they exist. A non-profit organization exists to provide a particular service to a community, while a for-profit organization exists primarily to generate a profit for the company’s owners and shareholders. A non-profit organization channels all of their income into services and programs aimed at their mission compared to for-profit organizations that distribute profits between owners, employees, shareholders and the business itself (Bottiglieri, Conway, & Kroleski, 2011). Financial management for non-profit organizations is similar to for-profit organizations in many ways however key differences shift the focus of a nonprofit manager. These differences include organizational structure, ownership, distribution of profits, generating......

Words: 1728 - Pages: 7

Premium Essay


...Leadership in Chinese Non-Profit Organizations(NPOs) By Larkisha Danish BUS 510 Grants Management and Proposal Strayer University Thousands Oaks Memphis, TN Wei Li,(2011). Discussion on Strategies of Internal Leadership in Chinese Non-Profit Organizations (NOPs). Asian Social Science, Vol 7, No. 12 December 2011 pg.201 The name of the article examined in this review is “Discussion on Strategies of Internal Leadership in Chinese Non-Profit Organizations”. This article discusses, to some extent, the strategies of Chinese non-profit organizations in three aspects: the attribute of Chinese non-profit organizations and definition to the research subject, inadaptation of the traditional organization and leadership style to internal leadership within the non-profit organizations, and discussion on internal leadership strategies in Chinese non-profit organization. The attribute of Chinese non-profit organizations and definition to the research subject. The author believe that the organization should include two areas of content. One, he states that the non-profit organizations should have some type of organizational and public benefit features. Two, he also stated that an organization must have a definite mission. Mission is the premise for non-profit organizations to survive and is also the internal support of their non-profit feature and basic source power for development of non-profit organizations(Wei Li, 2011). Inadaptation of the traditional organization and......

Words: 686 - Pages: 3

Premium Essay

Magnolia Case Study

...Developing a non-profit organization is a challenging task. The process takes time and work whether it is starting a new organization from the bottom up, or developing a new non-profit department. Budget is a vital part of this process. Overestimations or minor mistakes in budget may cause long-term damage if the agency is not careful dealing with the financial management. Magnolia Case Study is a prime example of this. Even though the organizations reviews were strong and the organization received awards, a mistake in the budget caused the agency to go downhill unintentionally. Ultimately, I felt that the board should have reconsidered what Mary asked for. For the year Magnolia was awarded a grant that was not to extend past the year. The board should have examined the possible changes that may happen within a year. I felt like Mary asked for money that would not be needed for the following year and got a head of herself when she made her funding request. I understand that New York City needed an excess amount of help after the 9/11 terrorist attacks but requesting the money for the next year should have been considered a bit more carefully. Due to the organizational infrastructure possibly changing within the next year, a temporary grant should not be considered or budgeted as permanent funding. I felt that Magnolia was running smoothly and I would not have done anything different except the budgeting request. I would also have taken into consideration the hiring of......

Words: 861 - Pages: 4

Free Essay

The Role of Business in the Economy

...qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfgh jklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvb nmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwer tyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfg hjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcv bnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwert yuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasd fghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzx cvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwe rtyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwer tyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopas dfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklz xcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrt yuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasd fghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzx cvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwe rtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopa sdfghjklzxcvbnmqwertyuiopasd......

Words: 1581 - Pages: 7

Free Essay

Business of Economics

... | |February 2, 2013 | BUSINESS IN THE ECONOMY To understand how a business affects the economy we must first understand the meaning of what a business is by definition. A business is “an organization or enterprising entity engaged in commercial, industrial or professional activities”. (Investopedia, 2013) A business or firm produces the products or services that consumers need, want, or desire. Most businesses or firms operate for profits, which is “the financial reward that comes from starting and running a business”. (Kelly & McGowen, 2012) When a business is not making a profit they are operating at a loss. This could be due to the amount of funds that a business or firm must cover such as their expenses to produce products or services. If the business or firms expenses are more than the profits, then business or firm is operating at a loss. If a business is running at a loss it could be due to key economical dimensions such as the economical environment, competitive environment, technology environment, social environment, or global environment. How a business or firm deals with these key economical dimensions can make or break them. If the economy is in any way in a fiscal crisis, many consumers can be unemployed or...

Words: 1602 - Pages: 7