Lesson 1: Introduction to the Non-Profit Sector Reflections What does it really mean to be a “non-profit?” Non-profits are corporations that exist for some purpose other than the distribution of profits to its shareholders. The non-profit sector describes institutions and … Continue reading →

A non-profit provides some base level if not more of public benefit, is nonpartisan and does not distribute revenue to shareholders.  Revenue is distributed amongst administrative costs and also allocated towards initiatives that meet its mission.  Non-profits have an opportunity … Continue reading →

Why does the government grant non-profits “exempt” status? What value does that reflect? The exempt status refers to taxation. Nonprofits are exempt from paying income or corporate taxes. The main reason is that Nonprofits receive their funding from a multitude … Continue reading →