Features and Principles of Non-profit Organisations

Features and Principles

Non-profit organisations Features

• Exist for the benefit of its members and not for making profits

• Aim is to provide facilities for their members to use and enjoy

• They are formed for idealistic purposes which may be educational, religious, charitable or social welfare of the people at large.

• Non profit organisations daily operations are conducted by an elected board of directors

Non-profit organisations Principles

– Non profit are not owned by businesses – they obtain funds from contributions, membership

dues, program revenues, fundraising events, public and private grants, and investment income