what is an NPO also known as?
a non-business entity
what is the purpose?
an organization whose purposes are other than making a profit.
are they all charities?
no
what do they usually serve?
they tend to be either member-serving or community-serving.
what is a member serving kind?
organizations that benefit a particular group of people
what do the commnity ones do?
focus on providing services to the community in genera
what is an implication of becoming non profit?
taxation implications
what do they do with extra money?
it is used to further achieve its purpose or mission
rather than what?
than distributing its surplus income
what are some member serving types?
mutual societies, cooperatives, trade unions, credit unions, industry associations, sports clubs, retired serviceman's clubs and peak bodies