In today’s world, where everyone strives to make a profit in every possible way, the mention of nonprofit activities is surprising. How can one work if there is not and will not be the most important result in the form of financial gain, not because it does not work, but because such rules exist?
Meanwhile, there are a huge number of organizations and institutions whose activities do not initially involve making a profit. Board portals can be as effective for them as they are for commercial organizations.
Goals of nonprofit organizations
The main activity of such organizations is the provision of charitable assistance, educational, cultural, scientific, educational, social, and similar services for public consumption. Also, nonprofit organizations can be engaged in the sale of goods, the performance of work, and the provision of services that promote the principles and ideas for the protection of which such a nonprofit organization was created and which are closely related to its main activities.
The whole variety of goals for creating such organizations cannot be given here. Still, for the purposes of creating a specific nonprofit organization, an exhaustive list of its activities should be given in the statutory documents developed based on the norms of the relevant law on such an organization.
The board portal is the first assistant to the organization in developing the purpose of the activity and creating statutory documents.
Registration of a public organization
A public organization is an association of citizens to satisfy and protect their legitimate social, economic, creative, national-cultural, sports, and other common interests. A public organization can be created and operated with a local or international status.
Board Portal can help your company prepare documentation for inclusion in the register of nonprofit organizations in your country.
Financial documentation
Income of nonprofit organizations – unions, associations, and other associations of legal entities, housing-construction cooperatives created to represent the interests of the founders, which are supported only by the contributions of such founders and do not carry out entrepreneurial activities, are exempted from paying income tax if they receive one-time or periodic contributions from founders and members or passive income.
The laws regulating the activities of nonprofit institutions and organizations, as a rule, expressly state that they carry out their activities without the purpose of making a profit. A nonprofit organization has the right to conduct entrepreneurial activities and receive income from them. Note that such payment cannot be distributed among the organization’s members and must be directed solely to satisfy its statutory goals.
However, your organization can generate revenue (which is used for non-commercial purposes), pay salaries to employees, and process grants. In these matters, the board portal, which has a huge potential for computing, can help you.
Meeting minutes
In a nonprofit organization, various meetings are held, where the organization’s participants solve important issues: personnel, financial, and managerial. Here the company’s activities and many other important ones are decided.