defining the nonprofit marketplace
TRANSCRIPT
What is the nonprofit marketplace?
What is a Nonprofit organization?A corporation/organization that is organized to advance public or community interest rather than for individual personal or financial gain.
In other words
A nonprofit is a corporation just like any other corporation, with the same needs for goods & services of any public or private corporation.
How big is the nonprofit marketplace?
Over 1.5 million nonprofits registered with IRS in 2008
These 1.5 million nonprofits had revenues of 1.92 trillion dollars
They also reported 4.3 trillion dollars in assets
- Social and Human Services- Education- Healthcare and Hospitals- Arts/Culture/Museums- Religious- Foundations/Corporate Grants- Environmental/Conservation- Civic/Advocacy- International Relief/Development- Government
Nonprofit Organizations/Corporations Include:
Financial Services Needed:InsuranceAsset Management/Investment ServicesTax ServicesRisk ManagementDonor Advised funds/Mutual FundsPension (403B/401K)Estate PlanningBankingACHCredit Card Processing
301 Billion in Investable Assets 3.999 Trillion in Net Assets 4.34 Trillion in Total Assets
Nonprofits have a very large need for financial goods and services with
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