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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    VIC Director's Liability - Can ATO Re-Open Debt Without Notification?

    I was a director of a not for profit organisation (club) up until 2006. I recently put in for a tax refund only to find the refund was posted against an integrated account. The ATO advised me it was for directors penalties dating back to my period there. I explained to the ATO for the better...
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    VIC How to Get Ex to Pay Her Debt?

    I have recently separated from my partner and she owes me $3500 from a variety of things during our relationship that she agreed to pay me back for as she was broke. She has signed a short statement stating she would pay me back but has since not spoken to me. I have receipts of her debt for...
  3. K

    QLD Not for Profit Company Limited by Guarantee - Clause in Constitution?

    We have the following clause in our Not for Profit Constitution. We are a Company Limited by Guarantee. "The Board must at all times comprise a majority of persons who are considered to have a degree of responsibility to the community." Can anyone provide me information as to what this really...
  4. V

    SA Breach of Terms Stated in Employment Contract - Options?

    When I started my employment at my current workplace in May 2013, I was offered as part of my salary, a company vehicle for full personal use. This was included under my pay rate in my employment contract. This was worded as follows: "Your ordinary rate of pay will be $26.50 exclusive of...
  5. M

    NSW Not For Profit Sporting Organisation - Run as Business without Elections?

    Hi, I just require something to be cleared up. Can a not for profit sporting organisation, nation wide or in any state of Australia, be run as a person's business, with one CEO, without any annual elections for President, Secretary, Treasurer, etc.? Thanks.
  6. A

    VIC Waive Right to Sue Not for Profit (NFP) Club?

    Can members of an incorporated club waive their right to sue the club, its members and its executive under Australian Law? Here is an example: A member of an Incorporated club ran by volunteer members regularly host trips such as 4wd trips or mountain bike trips, on a trip there is an accident...
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    NSW Jewish Not For Profit Travel Expenses - Right to Request Statements?

    About 11 years ago, I started a not for profit organisation to deal with issues concerning antisemitism and terrorism in Israel. The objective was to educate Christians concerning the Jewish roots of Christianity and associated issues. In connection with this, I also financed and self-published...
  8. D

    NSW Member of Not for Profit Community Group - Any Recourse?

    I am a member of a registered not for profit community organisation in NSW. The constitution of this association provides for members to have access to minutes, correspondence, and other documents and information. I have requested access to these documents and information formally from them but...
  9. B

    NSW Not for Profit Sporting Club - Unfair Exclusion and Breach of Privacy?

    Can someone please advise our sporting club on this matter. A overdue account owed by our club was forwarded on to a unauthorised third party. There was no contact made to our club in reference to this account. The third party is the sports governing body who contacted our club. The account was...
  10. D

    QLD Not for Profit Incorporated Associations - Voting Rights of Life Members?

    Can a life member who pays the dues also be an ordinary member? Under our constitution life members do not have voting rights while ordinary financial members do. The organisation is a NFP (Not for Profit) incorporated association. Further, if this member does not have voting rights, does this...