not for profit

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A nonprofit organization (NPO), also known as a non-business entity, not-for-profit organization, or nonprofit institution, is an organization traditionally dedicated to furthering a particular social cause or advocating a shared point of view. In economic terms, it is an organization using the surplus of its revenues to further its objective, rather than distributing its income to the organization's shareholders, leaders, or members. Being public extensions of a nation's revenue department, nonprofits are tax-exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.
The key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to every person who has invested time, money, and faith into the organization. Nonprofit organizations are accountable to the donors, founders, volunteers, program recipients, and the public community. Public confidence is a factor in the amount of money that a nonprofit organization is able to raise. The more nonprofits focus on their mission, the more public confidence they will have, and as a result, more money for the organization. The activities a nonprofit is partaking in can help build the public's confidence in nonprofits, as well as how ethical the standards and practices are.

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  1. alexd

    Not For Profit Structure

    Hi, I am planning to setup a not for profit that runs raffles online. Profits will be donated to select charities. What is the best not for profit structure based on this?
  2. P

    QLD Co-Officebearers positions - two people in Incorporated Associations/Not for Profits

    Just wondering whether anyone knows whether Queensland has restrictions to co-officebearers in their incorporated association legislation? eg. Co-president, co-secretaries, co-treasurers etc. It seems to be quite common in other states and nationally for associations can have two people in the...
  3. P

    QLD Requirements for Not for Profit Fundraising Transparency?

    Does anybody know the reporting/transparency requirements for Not For Profit fundraising? Specifically - a Queensland-based sporting club is raising money to send a specific team to an event in 2020. If they hold fundraisers that are promoted specifically for this purpose, do the club and...
  4. J

    WA Question about indemnity/liability insurance for not for profit event and work safe

    I have been in formed about possible changes to an biannual event for motorcyclists. Apparently there will be changes about only licenced motorcycles being allowed. The event which is a three day event which in the past was open to all motorcycles and no motor vehicles allowed other than to...
  5. A

    QLD How to set up a not for profit social club

    I am looking for information on 2 things how to setup a not for profit social golf club with approx 45 members and how to introduce and write a constitution for this club as well as implement liabilty insurance . I have the insurance part covered I just to know the steps for set up and approx...
  6. S

    QLD Lawyer Ripping Us Off - What to Do?

    Hi, There we used a not for profit lawyer to finalise our family law parenting orders. We paid $1000 into their trust account and went to court once and then did consent orders that we wrote ourselves. The other party signed, we then went back three months later for one 30 minute meeting to...
  7. B

    ACT Is Employment Contract Valid?

    I have been with my current employer for almost three years in not for profit sector as a policy director. As I am considering resigning I wanted to check the obligations I have in the employment contract and asked the employer for a copy. On receipt of contract, it was unsigned by both...
  8. C

    WA Legal for Not for Profit Club to Share Bank Password?

    We are a not for profit licenced club with a constitution. Under our constitution, three signatories are required and two to sign for any financial dealings. Each signatory is given an ID and password by the bank and can access the Club's Bank account. To pay online it is necessary to use a...
  9. MLC

    VIC How to Have Defamatory Comments Removed on Facebook?

    I am a co-trustee of a not for profit charity. Comments have been made by a person on Facebook that are not only untrue they are damaging to the work we do for our extremely small charity (there are no staff, it’s just the two of us). We receive no funding so we can’t afford to sue for damages...
  10. L

    SA Name of Publication Used as Part of Business Name?

    I currently work for a not for profit and a few years ago I saw a gap with the business, in that we had no newsletter. So I started one and came up with a name (let's call it Create for the purpose of this question). The name isn't derived from the business name, however, it is similar to...