what is the nature of fund management in non profit -making organisation ?

Question

I need to know about the management of fund in non-profit making organization with paticular reffrence to church.
The deffinition of fund, management, non-profit making organisation.
The major sources of fund to non-profit making organization.

Answer 1

In non-profit organization, there are specific rules that apply to management of funds. For example, non-profits receive grants, donations, etc. Some of those grants can only be applied to specific projects or items limited to the conditions of the grant. Operating expenses are not always covered or allowed to be covered by grants and certain donations.

A lot of non-profit organizations exist solely upon grants, donations, and corporate giving. However, some non-profits operate as a traditional goods/services business. For example, some hospitals run as non-profit organizations, providing billable services, but still have the taxation rules of a non-profit organization.

Social enterprise is a way of making money for a non-profit organization in order to keep up with its operating expenses. As long as the non-profit organization is providing goods or services relating to the mission of the organization, the appropriate tax exemption rules apply.

You may want to reference the appropriate tax codes that apply to a 501(c)3 non-profit organization.

Answer 2

I would like to clarify my question although it is very similar to the above- We own a for Profit business where we purchase property (both single family and multi family) that we rent out. We own a very large house that we are opening up for "Returning citizens"- people getting out of prison. However, they of course DO NOT have funds to pay to stay there so a lot are let homeless. We also own a NON PROFIT (501c3) where we can apply for grants to house these returning citizens. We are trying to figure out a way to utilize these grants to provide transitional housing for these returning citizens by making the house available. I was told since we own both and the house is a "for profit" business, we cannot do this. So my question is then, how do I house these citizens? We cannot do it free. Any thoughts would be greatly appreciated.

Answer 3

extensive earnings. cut back tax expenses continually yield extra effective giving to charity. No exceptions - everywhere - ever. Do the mathematics. contained interior the main suitable case tax concern, each and each $a hundred charitable contribution can minimize back your tax invoice with the aid of technique of roughly $35 AT optimum, for a internet "low-priced expenses" of "spending an extra effective $sixty 5." in distinctive words, you although SPEND the full $a hundred, you relatively bypass $35 out of your taxes to the charity alongside with an extra effective $sixty 5 out of your wallet. there is no economic earnings to you in my opinion. it is so person-friendly as this: cut back taxes = extra effective disposable earnings = extra effective giving.