objectives of non profit organisation
Answers
Answer:
Nonprofits can generate income through fundraising activities or revenue that results from services they provide. The primary objectives are to break even and maximize cash flow, while avoiding excessive financial risk
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Explanation:
A nonprofit organization’s strategic objectives focus on the services provided to its target market. This requires identifying the needs of the relevant community and developing programs and projects geared at fulfilling those needs.For example, a nonprofit whose mission is to build literacy skills among homeless children will have strategic objectives such as the implementation of a program to obtain and manage a supply of books, learning aids, space, and an instructor.Nonprofits are not required to show financial surpluses, but they need to generate enough income to cover their costs and establish reserves for lean financial times.Financial objectives include raising enough money to fund the activities included in their strategic plan, as well as fixed costs such as premises rental, staff compensation and utility bills.Nonprofits can generate income through fundraising activities or revenue that results from services they provide.The primary objectives are to break even and maximize cash flow, while avoiding excessive financial risk.Nonprofit organizations are subject to stringent governance requirements, mainly because they usually use donor or grant funding to do their work. This makes them accountable to their donors and the grant programs, as well as to the public whose taxes go toward grant funding.Governance objectives include the establishment of sound policies for issues such as compensation, purchasing and procurement, human resource and volunteer management and asset and risk management