M R Sameer Khan

Listen- https://open.spotify.com/artist/3JyemCiP6BTeez511fwwMQ?si=f7grIuSJ For Enquiry - info@mrskhelp.com Contractual Relationship. Organizations remain independent, agree by contract to a collaborative effort (joint funding proposal or program, contract for combined administrative services). Strategic Alliance. Organizations remain independent, but may have overlapping board or shared staffing arrangements. Close organizational coordination to provide complementary programs, eliminate duplicative services and administrative redundancy, and/or to conduct joint fundraising, public relations. Consolidation. Legal combination of organizations resulting in organization with new name, combined board and staff, one CEO. Merger. Legal absorption of one organization into another. Surviving organization's name remains the same, the board of the other dissolves or is subsumed, along with its assets, liabilities, and obligations, into surviving organization. Usually involves significant downsizing of staff.


M R Sameer Khan


Description

The terms nonprofit and not-for-profit are not consistently differentiated across jurisdictions. In layman's terms, they are usually equivalent in concept, although in various jurisdictions there are accounting and legal differences. NPOs are 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 serve.[4] The nonprofit landscape is highly varied, although many people have come to associate NPOs with charitable organizations. Although charities do make up an often high-profile or visible aspect of the sector, there are many other types of nonprofit organizations. Overall, they tend to be either member-serving or community-serving. Member-serving organizations include mutual societies, cooperatives, trade unions, credit unions, industry associations, sports clubs, retired serviceman's clubs and advocacy groups or peak bodies – organizations that benefit a particular group of people, i.e. the members of the organization. Typically, community-serving organizations are focused on providing services to the community in general, either globally or locally: organizations delivering human services programs or projects, aid and development programs, medical research, education, health services, and so on. It could be argued that many nonprofits sit across both camps, at least in terms of the impact they make.[5] For example, the grassroots support group that provides a lifeline to those with a particular condition or disease could be deemed to be serving its members (by directly supporting them) and the broader community (through the provision of a service for fellow citizens). Although NPOs are permitted to generate surplus revenues, they must be retained by the organization for its self-preservation, expansion, or plans.[6] NPOs have controlling members or a board of directors. Many have paid staff including management, whereas others employ unpaid volunteers and executives who work with or without compensation (occasionally nominal).[7] In some countries, 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 does not mean that the organization does not intend to make a profit, but rather that the organization has no 'owners' and that the funds realized in the operation of the organization will not be used to benefit any owners. The extent to which an NPO can generate surplus revenues may be constrained or use of surplus revenues may be restricted.

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