Question

State any two featurs of a not-for-profit organization​

Answer 1

Explanation:

Features:

1). Main Aim is Service: The basic aim of non-profit organizations is to serve the society. ...

2). Profit is not the Criterion: ADVERTISEMENTS:

Answer 2

1. Surplus not Distributed among its Members:

Though earning profit is not the criterion for non-profit organizations, yet there may be excess of income over expenditure or excess of expenditure over income. The former is known as ‘surplus’ and latter is known as ‘deficit’. Unlike other business, surplus or deficit of non-profit organizations is not distributed among its members. They are adjusted in the capital fund of such organizations.

2. Separate Entity:

The separate entity concept is equally applicable to non-profit organizations. Such organizations are treated as a separate entity distinct from its members.

3. Unique Names Connoting their Working:

The names of non-profit organizations denote the nature and style of their functioning. For example, JMD Educational Society, Shri Sai Keertan Mandli, Shri Sunder Dev Sports Club and Shri Sanatan Dharam Ramlila Committee etc.

4. Management by Elected Persons:

These organizations are run and managed by elected members.