CURRENT STATE OF SELF-FINANCING OF PRIVATE NON-PROFIT ORGANIZATIONS IN THE CONDITIONS OF THE SLOVAK REPUBLIC

2012 ◽  
Vol 18 (3) ◽  
pp. 438-451 ◽  
Author(s):  
Mária Svidroňová ◽  
Gabriela Vaceková
Keyword(s):  
Financial Stability ◽  
Slovak Republic ◽  
Scientific Paper ◽  
Theory And Practice ◽  
Financial Resources ◽  
Primary Data ◽  
Non Profit ◽  
Current State ◽  
Scientific Goal ◽  
Non Profit Organizations

Ensuring the financial stability of non-profit organizations through financial decision in the structure of financial resources is influenced by many objective and subjective factors. However, a necessary presumption of financial stability is to reduce their dependence on one source of funding or in other words, the independence can be achieved by diversifying of the funding sources. And it is the diversification of financial sources and their acquisition through self-financing that we consider as an appropriate way to achieve financial balance and thus long-term existential security of non-profit organizations. This scientific paper presents the partial results of a research of the current state of self-financing and diversification of financial resources of private non-profit organizations in the Slovak Republic. We analysed the primary data by the relevant scientific methods and procedures (selected mathematical-statistical methods, analysed in SPSS – Statistical Package for the Social Sciences). With the analysis we acquired a knowledge which allows us to formulate several solutions and recommendations for theory and practice. By presenting these conclusions we fulfil a scientific goal of the paper, which is to present partial results of research of current state of funding of private non-profit organizations and interpret the obtained outputs in an economic and social context.

scholarly journals Financial controlling in non-profit organizations. The case of Slovak Republic

2013 ◽  
Vol 3 (2) ◽  
pp. 49-57 ◽  
Author(s):  
Gabriela Vaceková
Keyword(s):  
Financial Stability ◽  
Slovak Republic ◽  
Research Work ◽  
Primary Data ◽  
Financial Policy ◽  
Non Profit ◽  
Non Profit Organizations ◽  
Information Basis ◽  
Insight Into ◽  
Structured Questionnaire

The aim of financial controlling is to secure liquidity and financial stability of an organization. It is very important especially for NPOs. They are not founded primarily for the purpose of making profit, so their financial policy gives priority to continuously provide liquidity. The paper presents partial results of a pilot primary research of utilization of financial controlling tools in governmental and nongovernmental non-profit organizations in the conditions of Slovak Republic. Primary data were obtained by the sociological method of a structured questionnaire. The analysis was carried out by adequate mathematical and statistical methods for processing qualitative data and ordinal variables. The presented paper provides a new insight into the studied problem while generating a primary information basis for further scientific study and research work in this field.

scholarly journals Measuring of Goodwill in Non-profit Organizations under the conditions of Globalization: The Case of Slovak Republic

2021 ◽  
Vol 92 ◽  
pp. 03022
Author(s):  
Ivana Podhorska
Keyword(s):  
Slovak Republic ◽  
Logical Consequence ◽  
Value Added ◽  
Theory And Practice ◽  
Residual Income ◽  
Net Income ◽  
Non Profit ◽  
Book Value ◽  
Non Profit Organizations ◽  
The Difference

Research background: Both the creation and quantification of goodwill are interdisciplinary issues affecting accounting, economics, law, marketing, sociology and human resources. In both economic theory and practice, goodwill is the difference between the market and the book value of an enterprise. Purpose of the article: With the acceleration of globalization, the economic aspects of which are the logical consequence of the increasing interdependence of individual economies towards the end of the second half of the 20th century, the importance of building and managing goodwill as a competitive advantage through business activities and internationally is increasing. These facts should be more highlighted and stronger in the sector of non-profit organizations. Because of their mission, vision and character of their business. The main aim of the paper is to capture the value of goodwill in the sector of non-profit organizations in the Slovak Republic. Methods: As a testing data will be used 72 non-profit organizations from Slovak Republic. In this sample will be quantified the value of their goodwill by residual income methods. Residual income assumes the value of goodwill as a difference between net income and the product of the cost of equity and the book value of equity. Findings & Value added: Paper findings will bring the view on the possibility of measuring goodwill in the sector of non-profit organizations under the conditions of globalizations with the emphasis on the application of residual income method in the case of Slovak Republic.

scholarly journals Prediction Model as Sustainability Tool for Assessing Financial Status of Non-Profit Organizations in the Slovak Republic

2021 ◽  
Vol 13 (17) ◽  
pp. 9721
Author(s):  
Jaroslav Mazanec ◽  
Viera Bartosova
Keyword(s):  
Prediction Model ◽  
Financial Stability ◽  
Slovak Republic ◽  
Training Sample ◽  
Non Profit ◽  
Financial Status ◽  
Testing Sample ◽  
For Profit ◽  
Non Profit Organizations ◽  
Corporate Social

Non-profit organizations (NPOs) play an important role in society. Nowadays, many companies apply the phenomenon—corporate social responsibility (CSR) which supports sustainable development and cooperation between the for-profit and non-profit sector. These companies are careful to cooperate with organizations and make decisions based on many factors, such as financial stability and independence of non-profit organizations. These attributes are assessed by predictive models. The models are a common tool in the for-profit sector compared to the non-profit sector. In our case, the main aim of the research is to propose a prediction model to estimate financial status of Slovak non-profit organizations using discriminant analysis. The overall sample consists of 351 NPOs dividing into training and testing sub-samples. We find that model classifies correctly almost 91% of NPOs in the training sample, respectively less than 80% in the testing sample. However, the results show that all vulnerable NPOs are correctly classified based on the testing sample.

scholarly journals International Investments in Non-Profit Organizations by the Example of Zimin Foundation

2019 ◽  
Vol 19 (3) ◽  
pp. 111-120
Author(s):  
Alexander V. Evstratov ◽  
Alexey S. Dmitriev ◽  
Daniil A. Markin
Keyword(s):  
Nonprofit Organizations ◽  
Cash Flows ◽  
Foreign Investments ◽  
International Investments ◽  
Non Profit ◽  
Russian Economy ◽  
Current State ◽  
Raising Awareness ◽  
Non Profit Organizations ◽  
The Impact

The paper analyzes the current state of the non-profit sector in the Russian economy on the basis of conducted sociological survey aimed at establishing the degree of awareness of the population regarding the activities of Dmitry Zimin’s foundation and the attitude of the respondents to foreign investment in the Russian educational projects. The study used methods of statistical and structural analysis as well as the synthesis of the respondents’ answers to the questions concerning the activities of Dmitry Zimin’s foundation and foreign investments funds in the Russian educational projects. It reveals that most of the respondents have no idea about the activities of the above foundation, but the attitude of the respondents towards foreign investments in domestic education has been overwhelmingly positive. The article also discusses the impact of legal acts and government regulations on the activities of non-profit organizations. In particular, it concerns the FL No. 121 “On foreign agents”. The work provides a comparative description of this normative act with the similar laws applicable in other countries. The paper not only examines the root causes of the problems arising from attracting foreign investments and donations by non-profit organizations but identifies the main factors that contribute to the growth of the non-profit sector in Russia. Besides, the two-way communication between the non-profit sector and the society affecting the level of public demand for services provided by nonprofit organizations is considered. The results obtained in the course of the study indicate the existence of a large number of obstacles for the fully functioning of non-profit organizations in Russia and attracting cash flows from abroad. In particular, one of the problems revealed in the course of the study is low awareness of the population about the specificity of this method of financing as well as the activities of non-profit organizations as a whole. The recommendations for improvement of the regulation of non-profit organizations include raising awareness of the population on this issue and easing control of the activities carried out by non-profit organizations acting as foreign agents.

scholarly journals Organizational Resources and Strategy Implementation in Non-Profit Organizations; A Case of Kenya Medical Research Institute, Kenya

2019 ◽  
Vol 3 (VI) ◽  
pp. 33-51
Author(s):  
David Lavu Ngui ◽  
James Rugami Maina
Keyword(s):  
Human Resources ◽  
Medical Research ◽  
Financial Resources ◽  
Plan Implementation ◽  
Non Profit ◽  
Medical Research Institute ◽  
Technology Competence ◽  
Strategic Plans ◽  
Non Profit Organizations ◽  
Technological Competences

Most NPOs in Kenya have not fully embraced the use of strategic plans due to the difficulties involved in development implementing of strategic plans. There are many factors that hamper implementation of strategic planning an organisation including inadequate financial resources, human resources, technological competences and organisational culture. The aim of the study was to determine the influence of organizational resources on Strategy Implementationin Non-Profit Organizations with a key focus on The Kenya Medical Research Institute Wellcome Trust Research Programme based in Kilifi County, Kenya. The specific objectives of the study were to examine influence of financial resources on strategic plan implementation, influence of human resources, and influence of technological competences on strategic plan implementation. The study was guided two theories, Resource Based View theory and Learning organisation theory. The research employed a descriptive survey research design. The study’s population was the management staff at KWTRP who were 60 according to the KWTRP (2018). Since the population was small, a census was adopted. The primary data was collected by use of self-administered semi-structured questionnaire. Data analysis was done by use of descriptive statistics such as frequencies, percentages, mean scores and standard deviation with the aid of SPSS and presented through tables, charts, graphs, frequencies and percentages. The study established that human resources, financial resources and technology competence had a positive and significant influence on the implementation of strategy at KWTRP. The study concluded that an organization’s workers important assets as they consistently contribute to an organization’s efficient functioning. That proper allocation of financial resources allows managers to put together more productive and efficient workplace teams and enables them to assess their schedules and predict the availability of resources in real time effectively and that technology competence lies in its ability to streamline interaction both internally and externally. One of the essential benefits of software expertise is its potential by promoting strategic thinking and knowledge transfer to improve the competitive advantage of an organization in the marketplace. The study recommends that the organisation incorporate top-down and bottom-up plan development on human resources in order to gain input from the lower management tier and involve workers in formulating strategies in order to significantly increase their contribution to executing a strategy. The study advises that the leadership of the institute should provide enough financial resources to execute strategies effectively. For each assignment within the plan, periodic cost estimates are important so that the use of financial resources can be made as efficiently as possible. On technology competence, the study suggests that management should seek more support for technical ways of executing strategies by having clear and articulated career paths for their staff, leave room for improvement to ensure cohesion of efforts in support of the implementation of the strategy. Similar studies should be carried out in private and public organizations since this study only focussed on non-profit organizations.

scholarly journals Comparison of Selected Subjects of the Non-profit Sector in the Conditions of the Slovak Republic

2021 ◽  
Vol 91 ◽  
pp. 01023
Author(s):  
Zuzana Rosnerova ◽  
Dagmar Hraskova
Keyword(s):  
Financial Performance ◽  
National Economy ◽  
Slovak Republic ◽  
Living Standards ◽  
The Other ◽  
General Interest ◽  
Financial Instrument ◽  
Non Profit ◽  
Services Of General Interest ◽  
Non Profit Organizations

Non-profit organizations are a specific type of entities in the national economy that significantly helps to improve the living standards of the country’s population. The article focuses on the financial performance of entities in the non-profit sector of the Slovak Republic depending on the financial instrument of tax allocation, taking into account the time factor during which the entities operate in the non-profit sector. The aim of the article is to analyse the financial performance of non-profit organizations providing services of general interest and foundations with the subsequent specification of the results of the issue. We work with the hypothesis that in terms of financial performance, foundations will perform better compared to non-profit organizations. Segmentation, comparison and descriptive methods were used in the solved issue. Only in one of the analysed groups did we come to the result that the non-profit organization was able to obtain more funds than the foundation through the tax allocation tool in 2019. In the case of the other groups analysed, foundations were more financially efficient, whose performance significantly exceeded that of non-profit organizations. In terms of market life, based on the analysis, the most efficient organizations were organizations with a market life of 1-5 years and with a longer market life, their financial performance decreased. In the case of foundations, we found that the highest performance is achieved by foundations with a market existence of 15 - 20 years. We can therefore state that the established hypothesis was only partially confirmed, although in most cases foundations were more financially efficient.

scholarly journals Specifics in strategic management of non-profit organizations in the globalization process

2021 ◽  
Vol 92 ◽  
pp. 02027
Author(s):  
Eva Kicová ◽  
Oľga Poniščiaková
Keyword(s):  
Slovak Republic ◽  
Relevant Literature ◽  
Value Added ◽  
The European Union ◽  
Non Profit ◽  
The Public ◽  
Freedom Of Movement ◽  
The Creation ◽  
Non Profit Organizations ◽  
European Standards

Research background: If globalization presents really a new and not reversible process that creates a more homogenous world, strategies of enterprises should appropriate to this phenomenon, too. European legislation has significantly contributed to the creation of the mutual market and increasing freedom of movement of services within the European Union. Its basic principle can be applied to the harmonization of basic requirements for services and the subsequent normalization – the creation of common European standards. This also applies to the area of non-profit organizations. These organizations are an important part of the public sector, which in the form of various activities, in particular the providing of various services, performs tasks related to addressing manifestations of market imbalances. In contrast to the “traditional” business sector (profit sector), the task of the non-profit sector is not to generate profit but to provide consumer tasks. Purpose of the article: The objective of the article is to clarify and present the specifics of functioning and management of non-profit organizations in the conditions of the Slovak Republic. Methods: During the elaboration of the paper, the methods of compilation of analysis, synthesis and description were used on the basis of the search of the relevant literature. Part of the paper is a survey, which we conducted through a questionnaire on a selected sample of non-profit organizations in the Slovak Republic. Findings & Value added: The results of the survey we have transported into general practice recommendations for non-profit organizations to improve their operating in the conditions of Slovakia while accepting the process of globalization.

scholarly journals Religious non-governmental organizations and philanthropy in Indonesia

2013 ◽  
Vol 3 (2) ◽  
pp. 203
Author(s):  
Tuti Alawiyah
Keyword(s):  
Economic Crisis ◽  
Financial Resources ◽  
Historical Overview ◽  
Economic Changes ◽  
Non Profit ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
Legal Structures ◽  
Non Profit Organizations ◽  
The Republic

Religious non-governmental organizations (RNGOs) and philanthropic activities<br />in Indonesia have a long history. They existed prior to the creation of the nation<br />state. Social, political and economic changes in this country have influenced the<br />development of non-profit organizations for more than sixty years after the Inde-pendence of the Republic Indonesia in 1945. Modernization and development<br />projects during the President Suharto era influenced the development of Non-governmental organizations (NGOs). In more recent years, RNGOs have largely<br />developed as a response to the socio-economic crisis after the downfall of Presi-dent Suharto regime. Discovering the dynamics of RNGOs in a broader context of<br />non-profit organizations in Indonesia provides insights into the strengths and<br />weaknesses of philanthropic activism in recent years. An historical overview of<br />non-profit organizations, legal structures, functions, and financial resources are<br />among the themes that are described in this paper.<br />Organisasi Agama Non Pemerintah (RNGOs) dan kegiatan filantropi di Indonesia<br />memiliki sejarah yang panjang. Mereka ada sebelum penciptaan negara bangsa.<br />Perubahan  sosial,  politik  dan  ekonomi  di  negara  ini  telah  memengaruhi<br />perkembangan organisasi nirlaba selama lebih dari enam puluh tahun setelah Kemerdekaan Republik Indonesia pada tahun 1945. Modernisasi dan pembangunan<br />proyek-proyek  selama  era  Presiden  Soeharto  memengaruhi  perkembangan<br />organisasi non-pemerintah (LSM). Dalam tahun-tahun terakhir, RNGOs sebagian<br />besar telah dikembangkan sebagai tanggapan terhadap krisis sosial-ekonomi<br />setelah jatuhnya rezim Presiden Soeharto. Menemukan dinamika RNGOs dalam<br />konteks yang lebih luas dari organisasi nirlaba di Indonesia memberikan wawasan<br />ke dalam kekuatan dan kelemahan dari aktivisme filantropi dalam beberapa tahun<br />terakhir. Sebuah gambaran sejarah organisasi non-profit, struktur hukum, fungsi,<br />dan  sumber  daya  keuangan  adalah  salah  satu  tema  yang  dijelaskan  dalam<br />makalah ini

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