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Posted: Sat 16:00, 31 Aug 2013 Post subject: barbour uk Non Profit Kinds |
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There are typically two sorts of companies in the United States. One that everyone seems to be familiar with is the for profit company. A for profit company is one that exists for one reason, to make a profit. The second, and equally known organization is an IRS Non Profit. A non profit company also exists for [link widoczny dla zalogowanych] one reason, to do charitable work. Both are significant and each [link widoczny dla zalogowanych] are unique in the way they operate and the jobs they do. You've come to this article because you wish to know more about a charitable organization. Read on and we shall explore the arena of the nonprofit 501c3 organization.
The nonprofit business has been operating for [link widoczny dla zalogowanych] over 700 years and the oldest nonprofit in the world still operating is National Confederation of the [link widoczny dla zalogowanych] Italian Misericordie (Mercies), the oldest voluntary service organization which still exists. It is situated [link widoczny dla zalogowanych] in Florence, Italy and its roots go back to 1244 and its influence is from Christianity.
At the beginning, non-profit groups were called and know as a Confraternity. Confraternities can be traced to the first Christian communities. Christianity grew and flourished thru community and series of associations. This was contrary to the social disintegration which was occuring all around it. This community is explained in the book of Acts of the Apostles in the Holy Bible. Each of these communities (associations) were molded [link widoczny dla zalogowanych] by [link widoczny dla zalogowanych] its meeting, its regulations, its members and its funding; with its part of the non secular and professional Confraternities federation. At the start, the current establishments didn't like or accept the Confraternities and placed stumbling blocks in their way hoping to disband them. Eventually they became accepted and took on the composition of the Roman "colegi", keeping them linked with the evangelic society. Non-profit service organizations literally came from social and spiritual practices by the collaboration of the Christian citizens living life together. They learned how to put others ' needs before their own and that contagious action birthed what we all know today as Non-profit work. ("Jubilaum Internationale Confraternitatum - Acta", Don Vincenzo Paglia, Roma 1984.)
A [link widoczny dla zalogowanych] modern non profit starts by incorporating in the state in which it intends to do business. Optionally, it can file for tax exemption with the IRS which give its donors the power to omit contributions given to [link widoczny dla zalogowanych] it from their yearly tax obligations to the IRS. A [link widoczny dla zalogowanych] nonprofit is allowed to earn a good profit, called a surplus, however the profit has to be used by the nonprofit on itself and its programs, unlike a for profit [link widoczny dla zalogowanych] company which issues stock and pays dividends.
A non profit is owned and controlled by a board. The majority of the nonproft's board cannot be related and controls all aspects of the charitable organization. While there could be a director and other workers, unlike a for profit company, the board members are its governance. In addition, the nonprofit's board can not gain personally in any fashion that's taxable from the nonprofit.
Most individuals are most familiar with charitable nonprofit organisations whose activities stay centered around charitable, religious and instructional goals. These nonprofit organisations selflessly serve others in numerous capacities where they cannot help themselves. Many that serve in these charities are the unsung heroes of present day. [link widoczny dla zalogowanych]
From unpretentious origins urged by a community of Christians caring for one another, to present day where amounts of uncountable billions of funding dollars are given [link widoczny dla zalogowanych] and controlled by non-profits, charitable nonprofits are literally on the front lines of society much like they were in spiritual history. In an era where the rich are showered [link widoczny dla zalogowanych] with praise for their personal accomplishments, the nonprofit continues resolutely changing the world in formidable and [link widoczny dla zalogowanych] astonishing acts.
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