Nonprofit and Charity Organizations News

Daimon Club Nonprofit Organization

Daimon Club Nonprofit Organization

linedividerThe rich do charity, and the charity makes the rich. Carl William Brown

A nonprofit organization (US and UK), or not-for-profit organization (UK and others), often called an NPO or simply a nonprofit and non-commercial organization, often called an NCO, is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends.
While not-for-profit organizations are permitted to generate surplus revenues, they must be retained by the organization for its self-preservation, expansion, or plans. NPOs have controlling members or boards. Many have paid staff including management, while others employ unpaid volunteers and even executives who work with or without compensation. Where there is a token fee, in general, it is used to meet legal requirements for establishing a contract between the executive and the organization.
Designation as a nonprofit does not mean that the organization does not intend to make a profit, but rather that the organization has no owners and that the funds realized in the operation of the organization will not be used to benefit any owners. The extent to which an NPO can generate surplus revenues may be constrained or use of surplus revenues may be restricted.
Some NPOs may also be a charity or service organization; they may be organized as a not-for-profit corporation or as a trust, a cooperative, or they exist informally. A very similar type of organization termed a supporting organization operates like a foundation, but they are more complicated to administer, hold more favorable tax status and are restricted in the public charities they support. Their goal is not to be successful in terms of wealth, but in terms of giving value to the groups of people they administer to.

Charity creates a multitude of sins.
Oscar Wilde

Today the Internet is run by private sector interests within the United States under the supervision of a nonprofit entity formed by the U.S. Department of Commerce.
Robin Hayes

Every good act is charity. A man’s true wealth hereafter is the good that he does in this world to his fellows.
Moliere

I basically believe the medical insurance industry should be nonprofit, not profit-making. There is no way a health reform plan will work when it is implemented by an industry that seeks to return money to shareholders instead of using that money to provide health care.
Dianne Feinstein

It’s time to re-think charity. It’s time to give charity the big-league freedoms we really give to business. The fight for these freedoms must be our new cause, because without them, all of our causes are ultimately lost.
Dan Pallotta

Great indebtedness does not make men grateful, but vengeful; and if a little charity is not forgotten, it turns into a gnawing worm.
Friedrich Nietzsche

Under current law volunteers who are not working with an official nonprofit organization are not covered by the Volunteer Protection Act. Therefore, there are absolutely no legal protections for the average American who wishes to volunteer.
Jon Porter

In religion as in politics it so happens that we have less charity for those who believe half our creed, than for those who deny the whole of it.
Charles Caleb Colton

I cannot belong to a nonprofit organization because when you receive grants, you have to make such great compromises with your artistic plans.
Mikhail Baryshnikov

Too many have dispensed with generosity in order to practice charity.
Albert Camus

While other industries have suffered, the nonprofit arts world continues to build in strength while it encourages the growth of innumerable small businesses on its periphery, thereby creating more jobs.
Louise Slaughter

Charity is injurious unless it helps the recipient to become independent of it.
John D. Rockefeller

Charity is no substitute for justice withheld.
Saint Augustine

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About Carl William Brown

I'm Carl William Brown a holistic teacher, a webmaster, a trader, and a writer of aphorisms and essays. I have written more than 9,000 original quotations and at present I'm also working at my only novel, Fort Attack, which is also a wide and open blog project. At the moment I'm teaching English in a secondary school, but up to now I have done a lot of other things as well, both in business, educational, sport and social fields. Some years ago, in 1997 following the examples of the Rotary or the Lyons Clubs I founded the Daimon Club Organization to promote every sort of activities, creativity, art, literature, new technologies, informatics, business and marketing, public health and education and to meet new friends with these kind of interests.
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