If Not For Profit For What

A top business leader shares the business principles he used to launch both a top company and a thriving nonprofit Nonprofit leaders know that solving pervasive social problems requires passion and creativity as well as tangible results. The Non Nonprofit shares the same business principles that drive the world's best companies, showing how they can (and should) be applied to the realm of nonprofits. Steve Rothschild personally crossed sectors when he left corporate America to found Twin Cities RISE!, a highly successful poverty reduction program. His honest story, and success and missteps, create an essential roadmap for any social venture looking to prove and boost its impact. Distills essential nonprofit principles such as having a clear and appropriate purpose, creating economic value from social benefit, and establishing mutual accountability Shares successful approaches from innovative organizations such as Grameen Bank, Playworks, Common Ground, Habitat for Humanity, Lumni, Caring Bridge, College Summit and RISE! Draws from the author's success in founding and building Twin Cities RISE!, which trains unemployed Minnesotans for living wage jobs. RISE! serves 1,500 participants each year As insightful as it is inspiring, The Non Nonprofit can help maximize the positive impact of any nonprofit.

A trillion-dollar industry, the US non-profit sector is one of the world's largest economies. From art museums and university hospitals to think tanks and church charities, over 1.5 million organizations of staggering diversity share the tax-exempt 501(c)(3) designation, if little else. Many social justice organizations have joined this world, often blunting political goals to satisfy government and foundation mandates. But even as funding shrinks, many activists often find it difficult to imagine movement-building outside the non-profit model. The Revolution Will Not Be Funded gathers essays by radical activists, educators, and non-profit staff from around the globe who critically rethink the long-term consequences of what they call the "non-profit industrial complex." Drawing on their own experiences, the contributors track the history of non-profits and provide strategies to transform and work outside them. Urgent and visionary, The Revolution Will Not Be Funded presents a biting critique of the quietly devastating role the non-profit industrial complex plays in managing dissent. Contributors. Christine E. Ahn, Robert L. Allen, Alisa Bierria, Nicole Burrowes, Communities Against Rape and Abuse (CARA), William Cordery, Morgan Cousins, Ruth Wilson Gilmore, Stephanie Guilloud, Adjoa Florência Jones de Almeida, Tiffany Lethabo King, Paul Kivel, Soniya Munshi, Ewuare Osayande, Amara H. Pérez, Project South: Institute for the Elimination of Poverty and Genocide, Dylan Rodríguez, Paula X. Rojas, Ana Clarissa Rojas Durazo, Sisters in Action for Power, Andrea Smith, Eric Tang, Madonna Thunder Hawk, Ije Ude, Craig Willse

Not-for-profit organizations play a critical role in the American economy. In health care, education, culture, and religion, we trust not-for-profit firms to serve the interests of their donors, customers, employees, and society at large. We know that such firms don't try to maximize profits, but what do they maximize? This book attempts to answer that question, assembling leading experts on the economics of the not-for-profit sector to examine the problems of the health care industry, art museums, universities, and even the medieval church. Contributors look at a number of different aspects of not-for-profit operations, from the problems of fundraising, endowments, and governance to specific issues like hospital advertising. The picture that emerges is complex and surprising. In some cases, not-for-profit firms appear to work extremely well: competition for workers, customers, and donors leads not-for-profit organizations to function as efficiently as any for-profit firm. In other contexts, large endowments and weak governance allow elite workers to maximize their own interests, rather than those of their donors, customers, or society at large. Taken together, these papers greatly advance our knowledge of the dynamics and operations of not-for-profit organizations, revealing the under-explored systems of pressures and challenges that shape their governance.

About the Book The book talks about the legal structure of a foundation, governance process, delegation of authority, how to develop a business plan, how to arrange funding plan, how to set up and handle operations of these foundations including setting up financial systems, budgeting, forecasting, internal controls and risk management, human resources and information technology systems. All the systems and processes highlighted in the book have been practically implemented and are based on real life experiences of laying down strategies and execution of processes implemented. Endorsement The not for profit world is a large and growing segment of economic activity globally. As economies grow and wealth accumulates, the urge to make a lasting, intergenerational contribution to human welfare is a deep part of our nature. Many enter this new world without a firm grasp of the financial structures that underpin the not for profit world. Into this gaps steps Biswajeet Chatterjee, with his new book Best Practices for a Global Not for Profit Organization. The book describes in clear and simple terms the fundamental accounting principles and regulatory requirements of the not for profit world. Best Practices for a Global Not for Profit Organization offers, in one place, in clear a simple language, a badly needed guide for all those new and established in this world. Not only does the book provide an outline of what is needed financially, it also provides a clear description how to navigate through the regulatory requirements that are often much different from those of the for profit world. Biswajeet Chatterjee is uniquely qualified to write this text. He is currently the Chief Financial officer of ACCESS Health International, a not for profit organization which is active in Asia, South Asia, Europe, the Middle East and the Americas. He has written more than ten books on finance and accounting covering a wide range of topics including (International Finance Reporting Standards, Corporate Financial Reporting, Corporate Governance, risk management, financial analysis for decision making and Business Valuation, to name a few). I am pleased to recommend Best Practices for a Global Not for Profit Organization enthusiastically and without reservation. William A Haseltine PhD