MANAGEMENT

Detailed explanation-1: -A nonprofit organization or foundation (NPO), also known as a non-business entity, not-for-profit organization, or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.

Detailed explanation-2: -Not-for-Profit Organisations are the establishments that are for utilised for the welfare of the community and are set up as charitable associations which operate without any motive for profit. Their primary objective is to provide service to a specific class or the public at the larger picture.

Detailed explanation-3: -As the Houston Chronicle’s James Green writes, “While the aim of for-profit organizations is to maximize profits and forward these profits to the company’s owners and shareholders, nonprofit organizations aim to provide society’s needs. Non-profit organizations have no owners.