Founder’s Syndrome a Possible Fatal Condition for Nonprofits? A Closer Look At Board Governance Zachariah Paddock Arizona State University Author Note This paper was originally written for Financial Management for Nonprofits 380, taught by Professor Zelhart. Abstract Throughout the semester our class has focused on the main nine accounting principles and the importance of adhering to the rules of GAAP. It is especially important for organizations that fall into the nonprofit sector to follow GAAP and to be as transparent as possible when preparing financial statements. Along with the nine accounting principles we focused on the differences of responsibilities and duties between the board of directors and the managers of an …show more content…
Being the dedicated and inspired person she was, Hale House quickly began taking in many young children and newborns. “Although Mother Hale’s direct impact was felt locally, her influence spread far and wide. She received more than 375 awards and 15 honorary degrees in her lifetime. In January 1985, President Ronald Reagan recognized Mother Hale as an “American Hero” in his State of the Union Address for her tremendous work in Harlem and her vision for social change (Hale House Center, Inc.).” Mother Hale was Hale House’s acting president and CEO until the day she died in 1992. It was then that her daughter Lorraine took over as acting president and CEO. At first glance it seemed that Lorraine was going to be the dedicated and passionate success her mother was, “She immediately began planning a major expansion of the home’s services, with new branches to be built in drug-plagued cities up and down the East Coast, and embarked on a prodigious fund raising campaign that netted more than $40 million in less than eight years (Lopez, K. (2001, August 1)).” Somewhere in the nine years of being the acting president and CEO Lorraine lost sight of the organizations missions and was using the organizations funds for her own personal uses, “Hale House spent less than half its money on services for the children in its care. The attorney
Last but not least, Mama and Ruth have the aspiration of living in a new home. The apartment in which they currently reside is small, dark, and handled with care: "the furnishings of this room were actually selected with care and love and hope [. . .]" (988). It is evident that the home is a very important to the Younger family and it is a critical
During his time with Henrico CASA, I have witnessed Pierce’s tremendous passion for the cause and his ongoing development into a leader. I have worked alongside Pierce on several projects, and it is evident by his actions that Pierce has a passion for bettering his community. He has the ability to manage
Rebecca is being compared to the foundation of the church; therefore, she is very important to the church community. The “good soul” Hale had heard of in Beverly is
Reverend Hale is a man who comes to Salem with a mission. He had recently discovered witchcraft in his own town where he was the minister, and now his services were being requested elsewhere (Miller, 9). His talents were becoming known, and he was very proud. He had intentions of being Salem’s hero by purging their small town of witchcraft and evil while increasing his reputation as a witch catcher. He truly strives to be a virtuous man, and seems to carry that
With the establishment of a daycare center, this allowed mothers to go to work without the need to tend for their children and would guarantee that their children would be in a safe environment. The Hull House implemented a coffee shop for adults as well as a club for boys. Eventually Addams and Starr were unable to carry on all the work by themselves so they decided to accept help from those that offered it, the one’s that volunteered were mainly composed of women from middle class
As a child, Hampton lived in Detroit’s inner city and at age seven her parents divorced leaving her mother to raise her and her three siblings. Hampton stated that at times her family had no car, washing machine, or even a TV, but instead of being despondent,
Over 150 years ago a woman named Clara Barton repeatedly defied the odds stacked against females, reinventing herself time and time again. After a career as an educator and clerk in the US Patent Office Clara Barton began her work with the Ladies’ Aid Society delivering supplies to soldiers fighting in the Civil War. Her compassion and devotion to humankind soon transformed this supply service into a career as a Civil War Nurse. She solicited donations and used her own money to purchase supplies needed to care for the wounded. She routinely placed herself in harm’s way to deliver supplies and render aid to those in need regardless of where their loyalties lay. She took the initiative to record the names of men who and died and where they were buried, she documented the conditions of the hospitals where the wounded were being treated. She worked to educate former slaves and prepare them for their new life of freedom. After the war she helped locate missing soldiers, providing comfort to grieving families. In time she founded the American Red Cross.
The family lives in the Prentice Park section of the city in a three bedroom ranch style home. The home consists of a living room, a dining room, a kitchen and a fenced in backyard. The home did not appear to be in need of any repair. Jaikayliah’s room was not neat and her bed is a mattress on the floor. The family has access to services such as the health department, public transportation and hospitals. Jaikayliah has been living in this home since November of 2016.
For the final project in ACC380 Accounting for Not-For-Profit, we were asked to prepare a Statement of Activities, a Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets along with a Statement of Changes in Net Assets for Lee College which is a private not-for-profit college. In addition to the financial statements, we were also asked to explain the process that was used to prepare the financial statements and to offer an in-depth analysis of the financial health of Lee College.
New Hope Housing likely had strengths related to their employee development program, their effectiveness in housing people in need, and their niche for ensuring individuals who would typically be rejected housing. Some of their weaknesses likely related to their secured funding and current dependence on government funding. Some of their opportunities relate to finding solutions for permanent housing, as this is currently a struggle for the people they serve. Lastly, their threats likely also have to do with their government funding. As budgets change, money is moved around and can impact this organization for the better or for the worse.
After hours of thinking and discussion our leadership group came to the conclusion that we would, give back to a women's home by the name of Seton Home. This was a domicile for single teen and adult women, with children who were homeless.
Lorna grew up on a dirt road in a shotgun house. The house was on 8 Green Alley near the old Union Baptist Church in Plateau, AL. Her house was green with only four rooms. It consisted of a kitchen, a living room and two bedrooms. It had no running water or indoor plumbing, the living room had one big brick fireplace, and the kitchen had a wood stove for cooking. Her children Thomas and Takeysa
Phyllis Gonzalez aspired to serve the community of Chelsea well for decades, whether it meant working as the president of a local PTA, a member of both the Hudson Guild's Advisory Council and Community Board 4, or as a secretary for the Citywide Council for Presidents of the New York City Housing Authority. Mrs. Gonzalez personally oversaw the growth of Chelsea’s project housing from the ground up, always finding room for improvement on the behalf of the residents under her care. She accomplished all this despite suffering from rheumatoid arthritis and congestive heart problems.
The lack of attention to the aesthetics of the facility not only created a depressive feel, but also created sanitation issues. Caroline described the staff often placing soiled linens and used bed pans out in the hall for hours without being attended to. For Caroline, this exacerbated the painfulness of this already emotional transition for her when she first arrived. And even though Caroline’s room was cleaned by the staff prior to moving in, it still presented as dirty and with a foul order. The food at the nursing home was unappealing and often leads to the decrease in appetite of most of the residents. In addition, the fact that Caroline was the only female client posed a threat to her development of a support system and created an uncomfortable environment.
This paper will examine budgeting procedures for profit and non-profit businesses and compare similarities, and if they exist, differences in accounting practices. This paper will also attempt to review what is Generally Accepted Accounting Procedures (GAAP) for budgeting for any organization to be successful.