StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Non-Profit Organizations - Assignment Example

Cite this document
Summary
The author of this assignment "Non-Profit Organizations" comments on the type of organization that is formed according to the Not-for-Profit Corporation law. It is stated that the state and federal laws will require a very specific purpose clause in order to approve the formation of an organization…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
Non-Profit Organizations
Read Text Preview

Extract of sample "Non-Profit Organizations"

Company FormationIn United States, a nonprofit organization is formed according to the Not-for-Profit Corporation law. The state and federal laws will require a very specific purpose clause in order to approve the formation of a nonprofit organization (“Non-profit organizations”). Obtaining tax exemption status is an important procedure of setting up a nonprofit. American Red Cross and Amnesty International are two popular examples of nonprofit organizations. A minimum of two directors are required for the formation of a publicly-traded company in the United States.

Different types of shares such as equity shares and preference shares may be issued to accumulate the initial capital needed for the creation of the company. Microsoft and Apple are two major publicly-traded companies in the United States.After choosing the type of business (limited-liability company or partnership), the firm’s name should be registered with the local/state government. Then the business concern should acquire the federal tax ID and register with the state revenue agency. Ernst & Young and Deloitte are two non publicly-traded companies in US.

American Red CrossAmerican Red Cross was established by Clara Barton in 1881after organizing a meeting of 15 people. Currently the organization has no subsidiaries. The organization invests in marketing campaigns as part of its fundraising efforts. This nonprofit organization acquired $3.4billion and $3.5 billion in revenues for the fiscal years 2013 and 2014 respectively. While analyzing the recent annual reports of the American Red Cross, it seems that the organization maintains a healthy financial status. www.redcross.

org Amnesty InternationalAmnesty International was founded by Peter Benenson in 1961. It has no subsidiaries. The organization also invests in marketing initiatives in an attempt to raise sufficient amount of donations. For the fiscal years 2013 Amnesty International gained revenues of £24.8m. As the organization has access to potential sources of finance, its financial position is very strong. www.amnesty.org MicrosoftMicrosoft was founded in 1975 by Bill Gates and Paul Allen. Microsoft has hundreds of subsidiary businesses, and some major subsidiaries include Microsoft Global Finance, Microsoft General Management Company, Microsoft Licensing, and Microsoft PF Holdings.

Microsoft’s revenues rose from US$77.85 billion in 2013 to US$86.83 in 2014 although the company’s growth declined in 2014 compared to the previous fiscal year (“Microsoft's global revenue 2002 to 2014”). www.microsoft.com AppleApple was founded by Steve Jobs in 1976. FileMaker Inc, Anobit, Braeburn Capital, and Beats Electronics are the major subsidiaries of Apple. The firm’s revenues improved from US$170.9 billion in 2013 to US$182.795 in 2014 and this revenue growth strengthened the financial status of the Apple. www.apple.

com Ernst & YoungErnst & Young was founded as a result of a series of mergers. The major subsidiaries of the organization include Ernst & Young Associates Pte Ltd, Ernst & Young Global (Asia-Pacific) Pte Ltd, and Ernst & Young Corporate Finance Pte Ltd. The organization’s revenues increased from US$25.8 billion in 2013 to US$27.4 billion in 2014. The company has the strength of high financial stability. www.EY.com DeloitteThe formation of Deloitte can be dated back to 1845 when William Welch Deloitte opened an office in London.

The company’s subsidiaries include Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP (“Company Overview of Deloitte LLP”). The firm’s revenues increased from US$31.3 billion in 2012-13 fiscal year to US$34.2 billion in 2013-14 fiscal period. The company enjoys a strong financial position. www.deloitte.com Works Cited“Company Overview of Deloitte LLP”. Bloomberg. Web 3 April 2015. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12736281 “Microsoft's global revenue 2002 to 2014”. Statista. Web 3 April 2015.

http://www.statista.com/statistics/267805/microsofts-global-revenue-since-2002/“Non-profit organizations”. USA Corporate Services, Inc, Web 3 April 2015. http://www.usa-corporate.com/business-start-up-resources/nonprofit-corporations-exempt-organizations-not-for-profit/

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Non-Profit Organizations Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Non-Profit Organizations Assignment Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1686244-company-formation
(Non-Profit Organizations Assignment Example | Topics and Well Written Essays - 500 Words)
Non-Profit Organizations Assignment Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1686244-company-formation.
“Non-Profit Organizations Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1686244-company-formation.
  • Cited: 0 times

CHECK THESE SAMPLES OF Non-Profit Organizations

Analysis of Nonprofit Organization in US

Analysis of nonprofit organization in US Name Professor Date Part One (Word Count 726) Non-Profit Organizations have become important in the society.... There are many people who do not have access to basic needs and have to get some of them through the Non-Profit Organizations.... hellip; In this case, it would be expected that the Non-Profit Organizations would be located in regions where poor people are concentrated.... However, this is not the case as many Non-Profit Organizations are found in regions where there are no poor people....
8 Pages (2000 words) Assignment

An Overview of Non-Profit Organizations: The Healthcare Distribution Management Association

The purpose of the paper "An Overview of Non-Profit Organizations: The Healthcare Distribution Management Association" is to discuss the societal benefits of the Non-Profit Organizations with reference to the non-profit sector of the healthcare market.... In most cases, the organizations are aimed at helping the poor in the society and thus their benefits from the organization are not that highly rated to perform any other governmental tasks....
7 Pages (1750 words) Term Paper

Government and Non-Profit Organizations

This has been enhanced through its public relation aimed at promoting domestic tourism among the teens in line with the organization's goal.... The… The goal is meant to increase the number of local people visiting the park as well as having more young people visiting the parks. In order to meet Running head: NAIROBI NATIONAL PARK Topic: Nairobi national park and partnering agencies Nairobi NationalPark has been on the campaign trend in efforts to mobilize young youths to participate in domestic tourism....
1 Pages (250 words) Essay

Touched by nonprofit organizations

Today, Non-Profit Organizations find themselves in a unique position that can result in changes that are positive to the world (Shaffer, Deller and Marcouiller, 2004).... However, just like other organizations, Non-Profit Organizations also face various challenges during their… The benefits of many Non-Profit Organizations include service to the community via low-cost centers as well as bringing awareness to certain issues of significance and attract a host of other people sharing a similar course (Shaffer, Deller and Marcouiller, Impacts of Non-Profit Organizations to the Community: A Reflection on how Life has been touched by Non-Profit Organizations AbstractToday, Non-Profit Organizations find themselves in a unique position that can result in changes that are positive to the world (Shaffer, Deller and Marcouiller, 2004)....
2 Pages (500 words) Essay

The Nonprofit Manager's Resource Directory

The essay titled "The Nonprofit Manager's Resource Directory" presents supporting Non-Profit Organizations.... As a result of the financial crisis in the United States, Non-Profit Organizations faced numerous challenges.... hellip; Rendering to a survey conducted in 2009, only 10% of Non-Profit Organizations were able to operate above the break-even point.... It also showed that only 16% of Non-Profit Organizations were able to cover their expenses....
1 Pages (250 words) Essay

Information Technology and Non-Profit Organizations

The paper "Information Technology and Non-Profit Organizations" states that while implementing the changes in terms of IT, the management of change is one important issue which can be managed through increased participation and down-ward communication.... hellip; It is quite essential to state that information technology requirements of the Non-Profit Organizations vary according to the nature of their work however there are some general and some specific IT requirements of those organizations which necessitate them to obtain customized hardware and software....
8 Pages (2000 words) Coursework

Executives Transition Management and Succession Planning of Non-profit Organizations

As stipulated by Tom Adams, nonprofits organizations highly value improving leadership through talent management are leadership management.... The author examines the major practices of non-profit sector leadership that include Executives Transition Management (ETM) and Succession Planning....
4 Pages (1000 words) Coursework

Why Are Non-Governmental Organizations Often Superior to International Non-Profit Organizations

As the paper "Why Are Non-Governmental Organizations Often Superior to International Non-Profit Organizations" outlines, among the most outstanding features witnessed in the 21st century's world political system is the sudden rise in terms of the numbers and significance of various non-state bodies.... IGOs are international Non-Profit Organizations that are basically made up of governments of different countries formed by either treaties or agreements between governments of nations for specific reasons....
6 Pages (1500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us