If you are the one who starts a non profit organization does that mean you own it?
2007-07-29 15:39:18 · 6 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment ➔ Government & Non-Profit
No one own non profit organization. It has a board of director that lead the organization. They write some proposals to some donor, like UNICEF, UNDP, USAID, ILO, or others international donors country. The proposals usually about the aid of donation for some beneficiaries. The beneficiaries are mosly come from the third country, conflict areas, and vistims of natural or human disasters. They work depend on the project and they have a time frame to complete the project.
2007-07-30 02:09:20 · answer #1 · answered by C-Dew 2 · 1⤊ 0⤋
No one owns a non-profit organization.
A common misperception is that they're called non-profit organizations because they can't ever have a profit (surplus). That's not true at all. In fact, it's best for all business entities to run a profit in order to not go under.
Non-profit organization are called that because no one is permitted to reap profits from the non-profit organization.
If the IRS thinks certain people are reaping profits from the non-profit organization, the organization's non-profit status can be revoked.
2007-08-02 22:23:06 · answer #2 · answered by Plea_of_insanity 5 · 0⤊ 0⤋
As mentioned, no one owns a non-profit. In fact, if you start one, and it becomes worth a lot, you can't personally get the gain. If your board sells the organization, the money usually has to be distributed to other non-profits in the service area.
2007-07-29 23:24:20 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No. The board of directors oversees the nonprofit, but it's not 'owned' in the sense you mean. As to the person who starts it, the board can kick them out, which happened to Candy Lightner at Mothers Against Drunk Drivers and the founder of the American Red Cross. However, if you're worried about being kicked out by the board, then you end up with a weak board that's powerless and not helpful, because you're more concerned with keeping your job than with getting a good board of directors.
2007-07-31 03:10:34 · answer #4 · answered by Katherine W 7 · 1⤊ 0⤋
yeah it would mean u are the leader of ur organization. for who owns a non profit organization, the ASPCA is one that helps neglected and abandoned anamils and its great.
2007-07-29 22:49:56 · answer #5 · answered by ♥BermudaShortzROCK♦ 4 · 0⤊ 0⤋
It's not owned by anyone but is controlled by a volunteer board of directors. They're over seen by your major funder and/or the laws depending on where you live.
2007-07-29 22:50:01 · answer #6 · answered by CC 6 · 1⤊ 0⤋