Organization Social Cause Surplus Revenues Dividends

A nonprofit organization (NPO) (also known as a non-business entity[1]) is
an organization whose purpose is something other than making a profit.[2] A

nonprofit organization is often dedicated to furthering a particular social
cause or advocating for a particular point of view. In economic terms, a
nonprofit organization uses its surplus revenues to further achieve its purpose
or mission, rather than distributing its surplus income to the organization's
shareholders (or equivalents) as profit or dividends. This is known as the
non-distribution constraint.[3] The decision to adopt a nonprofit legal
structure is one that will often have taxation implications, particularly where
the nonprofit seeks income tax exemption, charitable status and so on.
The terms nonprofit and not-for-profit are not consistently differentiated

across jurisdictions. In layman's terms they are usually equivalent in concept,
although in various jurisdictions there are accounting and legal differences.
The nonprofit landscape is highly varied, although many people have come to
associate NPOs with charitable organizations. Although charities do make up
an often high-profile or visible aspect of the sector, there are many other types
of nonprofit organization. Overall, they tend to be either member-serving or
community-serving. Member-serving organizations include mutual societies,
cooperatives, trade unions, credit unions, industry associations, sports clubs,
retired serviceman's clubs and advocacy groups or peak bodies organizations
that benefit a particular group of people, i.e. the members of the organization.
Typically, community-serving organizations are focused on providing services
to the community in general, either globally or locally: organizations delivering
human services programs or projects, aid and development programs, medical
research, education and health services, and so on. It could be argued many
nonprofits sit across both camps, at least in terms of the impact they
make.[4] For example, the grassroots support group that provides a lifeline to
those with a particular condition or disease could be deemed to be serving its
members (by directly supporting them) and the broader community (through
the provision of a service for fellow citizens).
Many NPOs use the model of a double bottom line in that furthering their
cause is more important than making a profit, though both are needed to
ensure the organization's sustainability.[5][6]
Although NPOs are permitted to generate surplus revenues, they must be
retained by the organization for its self-preservation, expansion, or
plans.[7] NPOs have controlling members or a board of directors. Many have
paid staff including management, whereas others employ
unpaid volunteers and executives who work with or without compensation
(occasionally nominal).[8] In some countries, where there is a token fee, in
general, it is used to meet legal requirements for establishing a contract
between the executive and the organization.
Designation as a nonprofit does not mean that the organization does not
intend to make a profit, but rather that the organization has no 'owners' and
that the funds realized in the operation of the organization will not be used to
benefit any owners. The extent to which an NPO can generate surplus revenues
may be constrained or use of surplus revenues may be restricted.
non profit organization (NPO)
Associations, charities, cooperatives, and other voluntary organizations formed

to further cultural, educational, religious, professional, or public service
objectives. Their startup funding is provided by their members, trustees, or
others who do not expect repayment, and who do not share in the
organization's profits or losses which are retained or absorbed. Approved,
incorporated, or registered NPOs are usually granted tax exemptions, and
contributions to them are often tax deductible. Most non governmental
organizations (NGOs) are NPOs. Also called not for profit organization.
Example
A
Alternative Indigenous Development Foundation
Animation Council of the Philippines
Ayala Foundation
Chamber of Furniture Industries of the Philippines

Community and Family Services International
Fairplay For All Foundation

Fund for Assistance to Private Education
IBON Foundation
International Deaf Education Association
Kagabay
Likhaan
MFI Foundation
National Citizens' Movement for Free Elections

Nutrition Foundation of the Philippines, Inc.
Operation Brotherhood
PANAMIN
Parish Pastoral Council for Responsible Voting
Philippine Amateur Radio Association

Philippine Business for Social Progress
Philippine Children's Television Foundation
Philippine Dog Athletics Association
Philippine Human Development Network

Philippine Medical Association
Philippine Native Plants Conservation Society
Roots of Health
Sentro ng Alternatibong Lingap Panligan
Springboard Foundation
Visayan Forum Foundation

Organization Social Cause Surplus Revenues Dividends

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Organization Social Cause Surplus Revenues Dividends

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A nonprofit organization (NPO) (also known as a non-business entity[1]) is

an organization whose purpose is something other than making a profit.[2] A

The terms nonprofit and not-for-profit are not consistently differentiated

non profit organization (NPO)

Associations, charities, cooperatives, and other voluntary organizations formed

Chamber of Furniture Industries of the Philippines

Fairplay For All Foundation

National Citizens' Movement for Free Elections

Philippine Amateur Radio Association

Philippine Human Development Network

Philippine Native Plants Conservation Society

Sentro ng Alternatibong Lingap Panligan

Visayan Forum Foundation

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