Nonprofit Organizations

ISR

The ISR is where the nonprofits report all of their revenue records to ensure they are spending the money on the charity

how do nonprofits make revenue

receiving donations and holding fundraising events (But this must be put into their charity)

What do they not have to pay

taxes

Social Entrepreneurship

A Social Entrepreneur is a different kind of social leader who applies practical solutions to social problems by combining innovation, resourcefulness, and opportunity to find a new product, service or approach to a problem.

Nonprofit Characteristics

Charities, churches and temples, and most schools are nonprofit organizations Nonprofits must file incorporation documents with the state, and then apply for nonprofit status with the Internal Revenue Service (IRS). This is called 501c3 status. The person who starts a nonprofit does not "own" it. The nonprofit is "owned" by the public at large, and it is run by a Board of Directors.

Donors

Donors also like to know they're money is going where they want so they like to see updates on the charity snd records as well.

What should they have

They should have a vision and mission statement just like regular businesses.

Nonprofit Organization

a type of organization that focuses on providing a service, but not to make a profit