Non-profit organization

(noun)

An organization that uses surplus revenues to achieve its goals rather than distributing them as profits or dividends.

Related Terms

Examples of Non-profit organization in the following topics:

  • Societal Role and Nonprofits

    • While for-profit organizations exist to produce profit, non-profit institutions exist to benefit a society, regardless of whether profits are achieved.
    • Non-profits are allowed to generate revenue, but must do so in specific ways to maintain their non-profit status.
    • Cause marketing or cause-related marketing activities involve the collaboration of for-profit businesses and non-profit organizations for mutual benefit.
    • Used more broadly, cause marketing efforts often refer to any type of marketing effort for social and other charitable causes, including in-house marketing efforts by non-profit organizations.
    • Identify, from a marketing perspective the societal role of non-profit organizations as stand alone organizations and in collaboration with for profit companies, and how a marketing message can be used as a benefit to consumers and society

  • Unique Issues in Nonprofit Marketing Strategies

    • Non-profits' marketing strategies enable them to focus on maximizing revenues in order to reach their goals rather than for profits.
    • However, non-profits may also focus marketing efforts on optimizing revenue.
    • The primary difference between for-profit and non-profit organizations is that for-profit organizations try to maximize wealth, while non-profit organizations look to provide a greater good to society.
    • In non-profit organizations, creative tensions may develop in the effort to balance mission with revenue.
    • Explain how the marketing strategies of non-profits differ from those of for-profit organizations

  • Differences in Messaging in For-Profit vs. Non-Profit Organizations

    • For-profit and non-profit organizations have different primary objectives and marketing strategies.
    • The difference between a for-profit's messaging strategy and a non-profit's messaging strategy is related to the primary objectives of each type of organization.
    • In contrast, non-profit institutions exist to benefit a society, regardless of whether they make a profit.
    • While non-profit organizations are allowed to generate profits, the funds must be used in furtherance of the organization's mission rather than as payouts to any stakeholders.
    • Fundraising is a significant way in which non-profit organizations can obtain the money for their operations.

  • Management in Different Types of Business: For-Profit, Non-Profit, and Mutual-Benefit

    • In contrast, a non-profit organization is legally prohibited from making a profit for owners.
    • Non-profits' lack of free-flowing capital means they rarely have the resources to staff the organization sufficiently.
    • A mutual-benefit non-profit corporation can be non-profit or for profit.
    • The management of all three types of organizations (for-profit, non-profit, and mutual-benefit) may have similar responsibilities, such as drafting a budget and ensuring that the organization generates enough revenue to fulfill its operational needs.
    • This strategy cannot work for a non-profit or mutual-benefit corporation.

  • Types of Organizations

    • There are a variety of types of organizations, including for-profits, non-profits, volunteer associations, and corporations.
    • They can be either for-profit or non-profit.
    • In contrast, a non-profit organization (NPO) is legally prohibited from making a profit for its owners.
    • While a for-profit's managers are concerned with profit margins, a non-profit's managers must always be aware of their charitable purpose and ensure that the organization's operations conform to those purposes.
    • Associations may take the form of a non-profit organization or a not-for-profit corporation, so communication structures and strategies for small and large non-profit and for-profit organizations may apply.

  • The input/output transformation model

    • The arrow labeled "Transformation System" is the critical element in the model that will determine how well the organization produces goods and services that meet customer needs.
    • It does not matter whether the organization is a for-profit company, a non-profit organization (religious organizations, hospitals, etc. ), or a government agency; all organizations must strive to maximize the quality of their transformation processes to meet customer needs.
    • ), and a non-reflective surface.
    • Controlling the transformation process makes it extremely difficult for competitors to produce tape of the same quality as Magic Tape, allowing 3M to reap significant profits from this superior product.
    • Since 3M had no proprietary control over the transformation process for VHS tape that would allow the company to protect its profit margins for this product, it dropped VHS tape from its offerings.

  • For-profit marketing versus nonprofit marketing

    • For-profit marketers measure success in terms of profitability and their ability to pay dividends or pay back loans.
    • Continued existence is contingent upon level of profits.
    • Nonprofit institutions exist to benefit a society, regardless of whether profits are achieved.
    • Because of the implicit objectives assigned to non-profits, they are subject to an entirely different additional set of laws, notably tax laws.
    • While they are allowed to generate profits, they must use these monies in specific way in order to maintain their non-profit status.

  • Types of Businesses

    • The following are some of the most common ownership types for organizations:
    • It can also be a for-profit or non-profit corporation.
    • Cooperative: Often referred to as a "co-op", a cooperative is a limited liability business that can organize as for-profit or not-for-profit.
    • They make a profit by providing sales or distribution services.
    • List the most common ownership types and industry classifications for organizations

  • Joining or Creating a Non-Profit Organization

  • Hypotheses about the means of two groups

    • Suppose we had the notion that private-for-profit organizations were less likely to actively engage in sharing information with others in their field than were government organizations.
    • We've also used Data>Spreadsheets>Matrix to create a UCINET attribute file "knokegovt" that has a single column dummy code (1 = governmental organization, 0 = non-governmental organization).
    • Let's perform a simple two-sample t-test to determine if the mean degree centrality of government organizations is lower than the mean degree centrality of non-government organizations.
    • We see that the average normed degree centrality of government organizations (75) is 6.481 units higher than the average normed degree centrality of non-governmental organizations (68.519).
    • Test for difference in mean normed degree centrality of Knoke government and non-government organizations