IB_27.09 Financing Of NPOs an der Hochschule Rhein-Waal | Karteikarten & Zusammenfassungen

Lernmaterialien für IB_27.09 Financing of NPOs an der Hochschule Rhein-Waal

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TESTE DEIN WISSEN
Name 3 Legal Forms of NPO's:
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TESTE DEIN WISSEN
Publich Organizations. Associations. Foundations.
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TESTE DEIN WISSEN
What kinds of Public Organizations are to be distinguished?
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TESTE DEIN WISSEN
Governmental orgs, party of the goverments i.e. ministries, police, water authorities etc (public bodies) Semi-governmental orgs, strongly connected to the government, i.e. public libraries, schools, hospitals etc (these can have other legal forms)
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TESTE DEIN WISSEN
Name differences between Associations and Foundations:
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TESTE DEIN WISSEN
Associations have members (i.e. sports club), members are willing to pursue a common purpose. No capital is needed to form an association. New board members are appointed by the general meeting of the members. Foundations have an immaterial goal. They don't have members. Foundation consists of the equity commited to a purpose by its founder, which is called donator. They gain money mainly by donations. Goals can be charitable, artfully or other immaterial purposes.
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TESTE DEIN WISSEN
Name the two important board systems:
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TESTE DEIN WISSEN
One-tier board, which has an Anglo-Saxon background Two-tier board system, which has a Rhenisch background.
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TESTE DEIN WISSEN
What do the different board systems look like?
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TESTE DEIN WISSEN
One-Tier: Board (elected or appointed) -> Organization Two-Tier: General Board (elected or appointed non-executive) -> Executive board (elected or appointed) -> Organization or Two Tier: Supervisory Board (appointed non-executive) -> Board (elected or appointed) -> Organization
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TESTE DEIN WISSEN
What is the "Woodstock effect" in context of this subject?
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TESTE DEIN WISSEN
When you think that you completely understand how Financing and Governanc of NPO's works, you haven't really understood it
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TESTE DEIN WISSEN
Name the 4 most important forms of financing:
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TESTE DEIN WISSEN
Budget financing Lump sum financing Subsidies Loans, contributions and gifts
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TESTE DEIN WISSEN
How does Budget financing work and where is it most common?
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TESTE DEIN WISSEN
It's common in governmental organizations. The budget required is estimated, then approved, or adjusted, and provided by a higher authority. Budgets usually are connected to goals that have to be reached, in case of missing goals, the budget might be reduced afterwards.
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TESTE DEIN WISSEN
How does Lump Sum financing work and where is it common?
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TESTE DEIN WISSEN
Very common in public eduation. Schools get a fixed amount per registered student, the school is relatively free to spend this money. (staff, buildings, it, etc) Larger schools profit from this, as not all expenses increase lineraly with more students.
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TESTE DEIN WISSEN
How do subsidies work?
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TESTE DEIN WISSEN
Subsidies are government provided funds that do not cover 100% of costs of an organization, they have to co-finance part of the cost itself. E.g. a public libraries gets subsidies but cofinances with contributions from users and penalties for late return.
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TESTE DEIN WISSEN
Name the three diferent roles / "hats" of board members and briefly name their functions:
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TESTE DEIN WISSEN
Governance hat: This hat carries legal authority to govern. It is worn when the board member is attend a board meeting. In this role, board decisions are made. The CEO is accountable onl to governing policies set by the board. Volunteer hat: Carries no legal authority. This hat is worn outside of meetings. Boardmembers then help staffmembers or volunteer themselves, functioning as a resource to the CEO, providing expertise, helping out. Implementer hat: Similar to volunteer hat, the board member wears this, when he is carrying out a specific task that the board has authorized him to do. E.g. when a board member has been appointed, by board resolution, to be in charge of fundraising, because there is noone else to do it. Limited authority, seldom worn in most boards.
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TESTE DEIN WISSEN
What do NPO's stand for? Are NPO's allowed to make a profit? What are they not allowed to do?
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TESTE DEIN WISSEN
Organizations not having a profit purpose. Ýes, they are allowed to make a profit. It is not allowed to pay the profit out to people connected to the org. It should be used to realize the purpose of the NPO,
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Q:
Name 3 Legal Forms of NPO's:
A:
Publich Organizations. Associations. Foundations.
Q:
What kinds of Public Organizations are to be distinguished?
A:
Governmental orgs, party of the goverments i.e. ministries, police, water authorities etc (public bodies) Semi-governmental orgs, strongly connected to the government, i.e. public libraries, schools, hospitals etc (these can have other legal forms)
Q:
Name differences between Associations and Foundations:
A:
Associations have members (i.e. sports club), members are willing to pursue a common purpose. No capital is needed to form an association. New board members are appointed by the general meeting of the members. Foundations have an immaterial goal. They don't have members. Foundation consists of the equity commited to a purpose by its founder, which is called donator. They gain money mainly by donations. Goals can be charitable, artfully or other immaterial purposes.
Q:
Name the two important board systems:
A:
One-tier board, which has an Anglo-Saxon background Two-tier board system, which has a Rhenisch background.
Q:
What do the different board systems look like?
A:
One-Tier: Board (elected or appointed) -> Organization Two-Tier: General Board (elected or appointed non-executive) -> Executive board (elected or appointed) -> Organization or Two Tier: Supervisory Board (appointed non-executive) -> Board (elected or appointed) -> Organization
Mehr Karteikarten anzeigen
Q:
What is the "Woodstock effect" in context of this subject?
A:
When you think that you completely understand how Financing and Governanc of NPO's works, you haven't really understood it
Q:
Name the 4 most important forms of financing:
A:
Budget financing Lump sum financing Subsidies Loans, contributions and gifts
Q:
How does Budget financing work and where is it most common?
A:
It's common in governmental organizations. The budget required is estimated, then approved, or adjusted, and provided by a higher authority. Budgets usually are connected to goals that have to be reached, in case of missing goals, the budget might be reduced afterwards.
Q:
How does Lump Sum financing work and where is it common?
A:
Very common in public eduation. Schools get a fixed amount per registered student, the school is relatively free to spend this money. (staff, buildings, it, etc) Larger schools profit from this, as not all expenses increase lineraly with more students.
Q:
How do subsidies work?
A:
Subsidies are government provided funds that do not cover 100% of costs of an organization, they have to co-finance part of the cost itself. E.g. a public libraries gets subsidies but cofinances with contributions from users and penalties for late return.
Q:
Name the three diferent roles / "hats" of board members and briefly name their functions:
A:
Governance hat: This hat carries legal authority to govern. It is worn when the board member is attend a board meeting. In this role, board decisions are made. The CEO is accountable onl to governing policies set by the board. Volunteer hat: Carries no legal authority. This hat is worn outside of meetings. Boardmembers then help staffmembers or volunteer themselves, functioning as a resource to the CEO, providing expertise, helping out. Implementer hat: Similar to volunteer hat, the board member wears this, when he is carrying out a specific task that the board has authorized him to do. E.g. when a board member has been appointed, by board resolution, to be in charge of fundraising, because there is noone else to do it. Limited authority, seldom worn in most boards.
Q:
What do NPO's stand for? Are NPO's allowed to make a profit? What are they not allowed to do?
A:
Organizations not having a profit purpose. Ýes, they are allowed to make a profit. It is not allowed to pay the profit out to people connected to the org. It should be used to realize the purpose of the NPO,
IB_27.09 Financing of NPOs

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