This is a very long article, the longest ever written on The Futurist. As it is a guide to the next decade of social, political, and sexual strife, it is not meant to be read in one shot but rather digested slowly over an extended period, with all supporting links read as well. As the months and years of this decade progress, this article will seem all the more prophetic. Now, the basic premise of this article is that men and women are equally valuable, but have different strengths and weaknesses, and different priorities.
There are several reasons why nonprofit status is a good idea, but there are also many challenges involved with nonprofit work. You need to understand the pros and cons of nonprofit organizations before making the career decision to get involved in not-for-profit work.
Job Experience A nonprofit organization is more inclined to give someone an entry-level position within their industry, according to online career resource Monster. Nonprofits tend to have a wide variety of internships and low-paying entry-level positions that they need to fill.
Hard work within a nonprofit company can lead to advancement quicker than it may with a for-profit corporation or government agency.
This makes a nonprofit company a good way to start a career and gain valuable experience.
Taxes Qualifying nonprofit organizations are exempt from federal, state and local taxes, according to online small business legal resource FindLaw.
To qualify as nonprofit an organization must file for IRS c 3 status. Being tax exempt allows nonprofit organizations to focus more of their financial resources on accomplishing their goals.
Grants Nonprofit organizations are eligible for government and private sector grants, according to small business resource SCORE. Depending on the grant, a nonprofit may have preference over a for-profit company.
For example, the U. Department of Health and Human Services has community economic development project grants that are open to nonprofit organizations exclusively.
Pay Working in a nonprofit organization is not normally as financially rewarding as working for a for-profit corporation, according to Monster. Nonprofit positions tend to pay almost 25 percent less than comparable positions in for-profit companies.
Because the profit generated by a nonprofit must be put back into the company operations, that means that executives cannot take part in profit sharing programs. Paperwork Score points out that the paperwork involved in starting and running a nonprofit organization exceeds the amount required in the case of a for-profit.
There are tax forms to be filed and nonprofit incorporation forms that need to be submitted to qualify for nonprofit status. To ensure that the paperwork is filled out properly, you will want to hire an accountant and a lawyer familiar with nonprofit filings.The rise of the internet has given non-governmental organizations (NGOs) a lot of possibilities in terms of communication.
Internet offers them various outlets to communicate from, such as websites and social media like Facebook and Twitter. Ronnie Spears Acc Governmental and Non- Profit Accounting Iona College Professor.
Kinkela 05/06/ Final Reflection Between the Madison Square Boys and Girls Club and Feed the Children, this was a tough pick between both charities. The Nebraska Cooperative Council, located in Lincoln, Nebraska, is a statewide, non-profit, non-partisan trade association representing agricultural cooperatives.
This is cool! There’s been this undercurrent in your writings on society and biology for a while now, and I think it’s a radically sane position. The CPA?rm of which you are a manager has placed you in charge of the audit of the Thornburg School srmvision.com district receives substantial?nancial support from the State Education Agency.
Continue reading Governmental and Non-Profit Accounting → CourseHeroWriters Where custom papers are completed for you at Affordable srmvision.com written from scratch.