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Nonprofits | For-profits |
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Mission: These organizations exist to help people or the community in some way. Think charities, schools, or groups that tackle big issues like poverty or the environment. | Mission: These companies are all about making money. They sell stuff or provide services, aiming to earn more money than they spend. |
Ownership: Nobody owns a nonprofit. They're run by a group of people (a board) who make sure the organization does what it's supposed to do. | Ownership: Someone or a group of people owns a for-profit company. They invest money in it and hope to make a profit. |
Revenue Generation: They get money from donations, grants, or sometimes by charging for services. Any extra money they make goes back into the organization to help more people. | Revenue Generation: These companies make money by selling things or offering services. The goal is to make more money than they spend so the owners can keep some of the profit. |
Tax Status: They often don't pay taxes because they're doing good things for society. Also, people who donate to nonprofits might get a tax break. | Tax Status: These companies have to pay taxes on the money they make. |
Reporting: They have to follow certain rules about how they spend money and report what they're doing. This helps keep them accountable to the public and donors. | Reporting: They also have rules to follow, but it's more about making sure they're making money legally and paying taxes. |
Checklist to identify nonprofit organizations:
Does the organization have a clear mission that aims to benefit society or a specific cause, like helping people in need, promoting education, or protecting the environment? |
Is the organization owned by shareholders or individuals who receive profits, or is it governed by a board of directors or trustees who ensure that any surplus funds are reinvested into the organization's mission? |
Does the organization rely on donations, grants, or fundraising events for its income, rather than primarily generating revenue through selling goods or services?
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Is the organization recognized as tax-exempt by the government, meaning it doesn't pay certain taxes because it operates for charitable, educational, religious, or other socially beneficial purposes? |
Does the organization have a board of directors or trustees responsible for overseeing its activities and ensuring it remains focused on its mission, rather than being owned or controlled by individuals for personal gain? |
Does the organization provide transparency about its financial activities and use of funds, typically through annual reports, financial statements, or public filings? |
Is the organization focused on serving the public interest or addressing societal needs, rather than generating profits for owners or shareholders? |
Questions to consider for your persuasive speech assignment:
Mission and Purpose:
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Volunteer Opportunities:
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Impact and Outcomes:
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Sustainability and Growth:
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How to Use Wikipedia to Research Nonprofit Organizations
Initial Research:
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Review the Wikipedia Page:
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Check Citations and References:
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Cross-Verification:
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Check the Page History and Discussion:
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Note Reliability:
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Use Additional Online Resources with the Oakton Library:
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"Nonprofit organizations" "Charitable organizations" "NGOs" (Non-Governmental Organizations) "501(c)(3)" (Refers to a specific IRS designation for nonprofit organizations in the U.S.) "Voluntary organizations" "Social sector" "Community organizations" "Civil society organizations" "Philanthropy" |
"Nonprofit management" "Social impact organizations" "Foundation sector" "Charitable contributions" "Nonprofit leadership" "Fundraising strategies" |