How many types of "not-for-profit" organisations are there? & what are they?

[Katymac]

& what are the differences?

I have heard of Charities, social enterprises, community inititive companies but are there any more

Is there somewhere I can look at the different types of organisation?

TIA
KMc

Hi Katy,
Got this information from Wikipedia, so not sure how accurate it is, but hope it helps.

i have a little knowledge ( little being the operative word) in the types listed below. and i know there is a mumsneter ( can't remember who) who has an arts charity thing she runs/works for - so she may be of some help.

maybe if you could tell us a little more we may be able to help beter

Sorry - it has been suggested that I run the nursery as a not-for-profit organisation

I am considering it

I'm not sure if I can work for 'someone else' or how much control I would stil have

I'm also not sure about my wage - I wasn't intending to take a wage from my nursery until it was in a very good financial place - but if I were doing for another entity I would need a wage fairly soon as I would get any capital out of it (iyswim)

I am away over night but appreciate both your replies and any one else that adds anything

as I would not get any capital out of it (iyswim)

try the charity commission for more information - they are very helpful

Also, you could speak to the Inland Revenue as they can help guide you through some legislation

social enterprises work for the benefit of the local community and plough all profits back into the business rather than paying staff bonuses etc which sounds like it may suit you initially

have a look here

i do work for a charity myself and i will try to help you if i can

yes do contact teh charity commission. you will have to have a 'board' i would imagine - of people interesed in the nursary - you can solicit members by advertising locally and asking for retired accountants and book keepers - have some parents on -

but ...should you find yourself making a huge profit - your wages would only go up in line with inflation - or the board vote.

basically it means that you are doing all the work - and still working for someone else...really.

however the upside to not for profits is that you can access local council community funds and funds from the lotery and finds from the government and funds from europe even.

you should defo research te kinds of wages that a nursery manager in the not for profit sector is likley to get.

and see whether that is likley to be enough.

Thanks for this

Hugh profits are not really an issue - but decent wages is

Afert doing a bit of googling I think I want to be a community Interest Company

" The sort of people who will want to set up a CIC will typically be entrepreneurs who want to do good in a form other than charity. This may be because:

• They are looking to work for community benefit with the relative freedom of the non-charitable company form to identify and adapt to circumstances, but with a clear assurance of not-for-profit distribution status.
• Members of the board of a charity may only be paid where the constitution contains such a power and it can be considered to be in the best interests of the charity. It means that, in general, the founder of a charity who wishes to be paid cannot be on the board and must give up strategic control of the organisation to a volunteer board, which is often unacceptable.
• The definition of community interest that will apply to CICs will be wider than the public interest test for charity.
• CICs will be specifically identified with social enterprise. Some organisations may feel that consequently this is a more suitable than charitable status. "

The second point is the issue I think - I can be paid & still be in charge (maybe?)

in charge as in nursery manager or in charge as chair of trustees?

Initially both - eventually I guess director (hopefully?)

can you be a Trustee and a paid member of staff - not sure
at all the orgs i have worked for the CEO sits on the Board, but the chair of Trustees is a seperate role
maybe it is different with the CIC?

Trustees aren't normally renumerated (well maybe travel expenses) in a charity

again don't that know much about CICs

This is why CIC's are different to charities (if I am reading right) I got my info from this site

But I could be wrong - I think the accountant (& possibly solicitor) plus the business link guy will be getting a phone call in the morning I might start a thread about CIC's in case anyone is involved in one (long shot I guess)

having just had a look at that site it looks like CICs are a seperate entity from charities
may read up on the subject myself
let us know how you get on

have a look at this too NPO I'm on a committee of an NPO, not sure how you would structure a nursery though.

Thanks Spacepuppy - that is a useful document (plus some very useful links)

Rubyslippers did you have a read - did it make sense I just downloads an 83 page "how to....." but I've lost where I found the link

So I am reading like mad