Social Enterprises: Nonprofit Organizations

It is essential to have 501 © 3’s. 501 © 3’S play an important role within society today. When the U.S. government is not able to satisfy the needs of their people, for profit and nonprofit organizations come in to meet these needs of society so that they are content. One nonprofit organization that has helped people all throughout the world is the Goodwill of North Georgia. Before every for profit or nonprofit organization started, needs within society needed to be taken care of. This paper will be discussing the history, social problem, background of director, successes and challenges, and the effectiveness of the nonprofit organization the Goodwill of North Georgia.

It is essential to have 501 © 3’s. 501 © 3’S play an important role within society today. When the U.S. government is not able to satisfy the needs of their people, for profit and nonprofit organizations come in to meet these needs of society so that they are content. One nonprofit organization that has helped people all throughout the world is the Goodwill of North Georgia. Before every for profit or nonprofit organization started, needs within society needed to be taken care of. This paper will be discussing the history, social problem, background of director, successes and challenges, and the effectiveness of the nonprofit organization the Goodwill of North Georgia.

My annotated bibliography: Weisbrod, Burton A. (1997). The Future of Nonprofit Sector: Its Entwining with Private Enterprise and Government. Journal of Policy Analysis and Management, 16(4), 541-555.

The nonprofit sector in America is a reflection some of the foundational values that brought our nation into existence. Fundamentals, such as the idea that people can govern themselves and the belief that people should have the opportunity to make a difference by joining a like-minded group, have made America and its nonprofit sector what it is today. The American "civil society" is one that has been produced through generations of experiments with government policy, nonprofit organizations, private partnerships, and individuals who have asserted ideas and values. The future of the nonprofit sector will continue to be experimental in many ways. However, the increase of professional studies in nonprofit management and the greater

An industry is defined by Johnson et al. (2014) as, “a group of firms producing products and services that are essentially the same.” The voluntary or not-for-profit industry applies to registered charities and non-registered charitable organisations which commits themselves to some form of activity which benefits society without the intention of making a profit for their endeavours. (Smith, Rochester, and Hedley, 1995)

One factor that sets non-profits and for-profits apart is that non-profits are required to reinvest their profits into the organization. Social enterprises are blurring this line as well because some social enterprises have business plans that call for organizations to reinvest their profits in the enterprise instead of serving the private purposes of investors and founders (Husock, 2006). However, this is not a radical break because there have been a few business owners that have offered to minimize personal gain. Business owners have always had the option of giving away their profits in the past; it is what charity is for. The concern is whether the business plan to reinvest profits can be sustained. The owners of social enterprises will most likely use profits to move on to other areas and their successors may request better personal returns (Lohmann, 2007). There is also the issue that there might be other businesses that enter the same market as social enterprises that make promises to reinvest their profits into good works. This

A Nonprofit organization relies on their donors to also volunteer to support their events and lend helping hands. Nonprofit organizations want to maintain a strong financial and cash position at all times. Nonprofit organizations that have adequate cash can do two critical things which are as follows; survive crises and take advantage of opportunities. For nonprofit organizations

A not for profit organization is a corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive (Legal, 2013).” There are immense community benefits as a not-for-profit generally accepts everyone regardless of ability to pay. Nonprofit organizations are granted tax-exempt status which helps them to provide services to the public and are expected to be effective managers of their finances as well as being efficient (Financial Management, 2010). In doing so, they can gain exemptions from federal and state incomes taxes and have the ability to solicit tax-deductible contributions (Financial Management, 2010). Organization must follow legal financial

Social economy organizations aim at earning either sizeable or entire portion of revenues accrued from marketplaces. These organizations work effectively in private market sectors, and without any external aid such as local or international government financing (Polanyi, 2014). The volume of social economy organizations comprises of cooperatives with capital shares that accrue their revenues from market zones. These include marketing cooperatives, food retailing cooperatives, and credit unions. Others include commercial non-profits such as Blue Cross, automobile associations, recreational institutions, for example, the YM-YMCAs (Quarter et al., 2009).

The one of the first questions in the survey tested the knowledge of participants about social enterprise. About 59% of the 217 respondents said that they did not know what a social enterprise was. This question provides one of the reasons for why students do not go to work or volunteer for social enterprises. Although a majority of respondents claimed

Social entrepreneurship is gaining such strong interest in nonprofit world because of the economic challenges that have plagued this sector with cuts in philanthropic and government funding. According to Nash (2010) not only are there cuts, there are many organizations vying for the limited funding. Studies support, the attitudes in capitalistic America, and the ease of nonprofits to embrace this concept; evidenced by their ability to sell their once free services, to meet the demands of the consumer. According to the IRS (2010) nonprofits have increased their selling power on unrelated business income, to the tune of 184% increase, in a sixteen-year time frame. This writer, believes these numbers are evidence which support this trend is

Throughout my career in the social sector I worked with a variety of for-profit companies; over the last few years I’ve noticed interesting trends. Corporations are changing how they structure and evaluate philanthropic partnerships and fewer and fewer organizations are opting to donate through traditional methods. Social entrepreneurs are even integrating philanthropy into their business models. Just consider, big names such as Toms and Seventh Generation and newer start ups like Bombas (a sock company that donates socks one-for-one for every pair they sell). One-time event sponsorship and foundation giving seems to be losing ground to newer, innovative community investment strategies. These shifts have encouraged non-profits, including

A Non-profit Organisation (NPO) is an establishment that uses its funding for the pursuit of a specific purpose such as for a charitable cause (Lorette, 2015). It is different from a for-profit organisation as its objective is to provide greater good to the society rather than to maximise the wealth of its stakeholders. The surplus revenues of an NPO are used for either its expansion, self-preservation or plans and no part of the profit is distributed to its members. NPOs are increasingly starting to operate like traditional business organisations as strategic planning and marketing is imperative for their survival.

It is generally admitted that Korean government has played an essential role in this rapid growth of social enterprises. Social Enterprise Promotion Act encompasses not only the direct support policy measures such as subsidies, tax exemptions, and the preferential purchase of social enterprise product in public procurement, but also establishing comprehensive support system such as long-term fostering plan at government level, social enterprise certification to secure the quality of social enterprises, and the establishment of the Korea Social Enterprise Promotion Agency as a specialised public institution operated by government budget. Based on this Act, more than £100 million public money has spent on social enterprise support programmes in every year, and about 50% of the social enterprises total sales are spent in public markets such as public procurement.

A comprehensive interview schedule is given to 60 samples of private organizations in order to know the sector-wise investment on social causes. The sample respondents are made to rank the sector-wise investment and found that 23.7% companies work on environment protection, 19% on women empowerment and health protection and awareness creation, 12.6% work on ICT development, 9.9% on educational development, 6.8% on religion purpose and 9% on other issues in society.