For-Profit vs Nonprofit: More than a Tax Status

I 501(c) You - The Podcast for NonProfit Board Members

Apr 2 2024 • 10 mins

In recent interactions with nonprofit board members, there has been a difference in familiarity regarding the operational nuances between for-profit and nonprofit organizations. Given that many board members do not interact with the organization on a daily basis, there may be unintentional assumptions about how nonprofits operate. In this episode, we dive into the fundamental similarities and differences between nonprofit and for-profit organizations, with the goal of enhancing mutual understanding among all participants.

Timestamps:

00:00 Introducing the differences between non-profit and for-profit organizations

01:20 Similarities

04:10 Differences

Join us every week as we release a new podcast with information about how you can be the best board member and provide great service to your organization.

Listen to the podcast on any of the following platforms:

Apple Podcasts

Spotify Podcasts

Amazon

iHeartRadio

Visit us at: www.thecorleycompany.com/podcast