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To a larger extent, leveraging on the experience and influence of these people gives us competitive advantage.
They have sown great seeds by caring for the needy in all respect of life.
They make great deal of money and at the same time pump back these monies via giving. If you have per chance found yourself in the web of giving, and you have purported to start a registered not for profit business, then you just may be heading to the path of wealth.
We are quite aware of this challenge, and that is why we were very careful in choose our board of directors.
As such; we ensured that we chose people of great influence and experience, who can easily give us the needed support to achieve our aims and objectives.
As a matter of fact, most non – profit organizations have revenue generating ventures established for the sole purpose of supporting the organization (their cause).
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Even though, non – profit organizations are allowed by the law to run a profit making business venture, but there may be constraint to the extent at which they are able to generate excess revenue and even make use of the excess revenues being generated.
For instance; an organization that is termed a supporting organization, usually operates like a foundation; but such a structure might be somewhat complicated because it holds more favorable tax status and are by law restricted about the public charities they can support.
The fact that an organization is considered to be anon-profit organization does not in any way mean that the organization does not have the intention of making profits.
It takes the collective effort of stake holders to be able to make appreciable impact when it comes to reducing crime rate and empowering youths to get involved in governance and enterprise development.
We have been able to identify some organizations that we know will be interested in working with us to achieve our ultimate goal.