Free Essays on Non Profits

A nonprofit is a tax-exempt organization that serves the public interest. In general, the purpose of this type of organization must be charitable, educational, scientific, religious or literary. These organizations can be unincorporated or incorporated. An unincorporated nonprofit is somewhat rare for while it can be given federal tax-exempt status or the designation of being a 501(c)(3) organization as defined by the Internal Revenue Service, it does not enjoy the legal protection a corporation provides. When a nonprofit organization is incorporated, it shares many traits with for-profit corporations except that there are no shareholders. There are three main types of NPO’s: Public-benefit corporations, mutual benefit corporations, and religious corporations. Public benefit corporations can only distribute assets to other public benefit corporations. Mutual benefit corporations can distribute assets to their own members, and under certain conditions as well as for public benefit purposes. Religious corporations must follow the rules of their governing bodies. Non profit public benefit corporations hold their assets in what is called charitable trust. A charitable trust is an entity that holds money or assets for charitable purposes. The difference for the NPO’s is that unlike profitable companies, if the charitable trusts have surplus revenue, they belong to the public the corporation was designed to serve. If the corporation becomes a profit company, the surplus becomes a donation to another charitable service. Just as the name indicates, religious corporations are formed primarily or exclusively for religious purposes. These groups can qualify as religious organizations under both state incorporation law and Section 501(c) (3). You need not set up a formal church to form a religious nonprofit corporation; these groups can have a general religious purpose. For example, a group organized to promote the study and practice of a p... Free Essays on Non Profits Free Essays on Non Profits A nonprofit is a tax-exempt organization that serves the public interest. In general, the purpose of this type of organization must be charitable, educational, scientific, religious or literary. These organizations can be unincorporated or incorporated. An unincorporated nonprofit is somewhat rare for while it can be given federal tax-exempt status or the designation of being a 501(c)(3) organization as defined by the Internal Revenue Service, it does not enjoy the legal protection a corporation provides. When a nonprofit organization is incorporated, it shares many traits with for-profit corporations except that there are no shareholders. There are three main types of NPO’s: Public-benefit corporations, mutual benefit corporations, and religious corporations. Public benefit corporations can only distribute assets to other public benefit corporations. Mutual benefit corporations can distribute assets to their own members, and under certain conditions as well as for public benefit purposes. Religious corporations must follow the rules of their governing bodies. Non profit public benefit corporations hold their assets in what is called charitable trust. A charitable trust is an entity that holds money or assets for charitable purposes. The difference for the NPO’s is that unlike profitable companies, if the charitable trusts have surplus revenue, they belong to the public the corporation was designed to serve. If the corporation becomes a profit company, the surplus becomes a donation to another charitable service. Just as the name indicates, religious corporations are formed primarily or exclusively for religious purposes. These groups can qualify as religious organizations under both state incorporation law and Section 501(c) (3). You need not set up a formal church to form a religious nonprofit corporation; these groups can have a general religious purpose. For example, a group organized to promote the study and practice of a p... Free Essays on Non Profits A nonprofit is a tax-exempt organization that serves the public interest. In general, the purpose of this type of organization must be charitable, educational, scientific, religious or literary. These organizations can be unincorporated or incorporated. An unincorporated nonprofit is somewhat rare for while it can be given federal tax-exempt status or the designation of being a 501(c)(3) organization as defined by the Internal Revenue Service, it does not enjoy the legal protection a corporation provides. When a nonprofit organization is incorporated, it shares many traits with for-profit corporations except that there are no shareholders. There are three main types of NPO’s: Public-benefit corporations, mutual benefit corporations, and religious corporations. Public benefit corporations can only distribute assets to other public benefit corporations. Mutual benefit corporations can distribute assets to their own members, and under certain conditions as well as for public benefit purposes. Religious corporations must follow the rules of their governing bodies. Non profit public benefit corporations hold their assets in what is called charitable trust. A charitable trust is an entity that holds money or assets for charitable purposes. The difference for the NPO’s is that unlike profitable companies, if the charitable trusts have surplus revenue, they belong to the public the corporation was designed to serve. If the corporation becomes a profit company, the surplus becomes a donation to another charitable service. Just as the name indicates, religious corporations are formed primarily or exclusively for religious purposes. These groups can qualify as religious organizations under both state incorporation law and Section 501(c) (3). You need not set up a formal church to form a religious nonprofit corporation; these groups can have a general religious purpose. For example, a group organized to promote the study and practice of a p...

America and Imigration essays

America and Imigration essays When reading two articles that are decades apart, one sees that the nations, as a whole, opinion has changed about immigrants. In an article from 1905 the South wanted immigrants because they were cheap labor. Almost 80 years later, in 1983, the South had a different opinion about immigrants. In his 1905 article, Immigration and the South, Robert DeCoury Ward just begins to touch on the idea that immigrants could be bad for Americas economy. On the contrary, the 1983 article, Immigration: How Its Affecting US, James Fallows bluntly tells of immigration being harmful to the U.S. economy. When Robert DeCoury Ward wrote his article Immigration and the South, it was during a time when there was a heavy flow of immigrants to the North and the South was just beginning to receive immigrants. The North was clearly growing tired of the immigrants, yet the South welcomed them. For example, he stated, The North finds itself greatly burdened with the many problems which have grown out of, or have at least been greatly aggravated by immigration. He then goes on to say the following, The South is developing a newborn zeal for immigration. These two statements clearly show the opinions of the American people during this time in the 20th century. There are a few prime reasons for the Souths new zeal for immigration. First of all, the rapid growth of manufacturing resulted in a demand for thousands of new workmen. This was a need that the native population of America could not meet. Second, with the newly freed Negroes asking for higher wages and more vacation, landowners needed cheaper workers, which is exactly what the immigrants were. One other key reason, and maybe the one that standouts the most, is that the South had not really experienced immigration ye ...

Risk Allocation In FIDIC Assignment Example | Topics and Well Written Essays - 2000 words

Risk Allocation In FIDIC - Assignment Example Headquarter of FIDIC is situated in Switzerland, more than sixty countries are the part of FIDIC and it also represents many of the private consulting engineers all over the world. A variety of standard forms are made and published by FIDIC and are regularly updated following of extensive consultation with its international contractors, members, the Bar Institution and with the main international banks as well as the World Bank.3 Discussion At the beginning the standard forms of the FIDIC were aimed for international usage i.e. for those projects in which the client country was looking for contractor’s participation from other countries. Even so in current period the forms of the FIDIC have been used more and more for local contracts in which both contractors and clients are of the same country.4 In 1999, after the development in the industry and following the acknowledgment of irregularity in the previous contract’s standard, the FIDIC developed a new form’s sui t in order to change the active forms. ... The design of these new is to be user friendly with the standard approach and a decrease in the general conditions from over sixty to twenty clauses. In addition to this the Extra forms functioning since 1999 consist of: The Blue Book: these are the contracts for Dragging and Renewal of Works; The Multilateral Development Banks (MDBs) /FIDIC Contract: these are the condition of FIDIC that are integrated in the standard papers of request of MDBs;7 The White Book: this include the form contract of service of Consultant and Client; The Gold Book: this includes the operation, building and designing of the FIDIC tasks.8 To aid in carrying out its establishing aims, the move towards of the FIDIC in order to outline contracts has constantly been supported by its principle. The contracts of FIDIC necessarily furnish a reasonable part of risks among the parties to a contract, additionally that risks must be accepted by the best able party in order to assure them. The uniformity across many fo rms is one of the advantages of utilizing the FIDIC set of contracts. Whilst all contract form is aimed for a dissimilar type of procurement or project strategy, a centre of general clauses is utilized over the entire forms and where probable, the identical definitions and words are utilised. 9This implies that know-how of one type can be utilised on other types in the FIDIC set of contracts. Within the suite of FIDIC the different types of contracts are prepared across the degree of plan responsibility presumed by the contractor and employer. Every contract is termed as a book and a specific colour is assigned to each contract. Understanding the Contract and General Provisions The structure of the