The term “Non-profit” is slightly deceiving. Non-profit does not mean “no profit.” In reality, it means that the organization is not in existence for the sole purpose of making profits. Successful non-profits know how to effectively earn profits. Then they need to know how to recycle those funds back into the organization’s mission and operations.
Non-Profit vs Not-For-Profit Comparison People often interchange Non-profit vs Not-for-profit to refer to organizations that do not redistribute profits or funds to owners or shareholders. In the U.S., the term “non-profit” is used more common. However, not-for-profit is rising in popularity as some organizations want to emphasize that their main objectives do not include making
Houston ToolBank had its first “Friend Raiser” recently at the Local Pour located in River Oaks, it was a great venue for our event. We had about 40 people show up and raised over $1,500! Houston ToolBank “Friend Raiser” We are getting excited about getting close to our $200K goal so we can set up
Recently, I attended the Women’s Finanance Exchange Duck Hunt at the Junior League of Houston. The event benefits Dress for Success. Dress for Success is a wonderful organization whose mission is to promote the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help women
Recently, I was asked to join the board of the Houston Community ToolBank, a local non-profit organization dedicated to lending tools to metro Houston’s charitable sector. The ToolBank works with local charities by providing fast and easy access to large volumes of high-quality tools to increase the impact of service projects and community revitalization efforts.
Cooperative (co-op) Definition A Cooperative or co-op is a for profit or non-profit entity that is non taxable. It is a form of business that stands to eliminate the middleman in hopes of gaining a larger profit or savings for a group as a whole. This means that the members of a co-op are in
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