Task: Can someone please provide some assistance with this question. Its for an MBA course and needs to be between 550 to 650 words or so. Explain and elaborate on each of these points.
Professor Lester Salamon of Johns Hopkins University has written that nonprofit organizations have the following characteristics. They are,
1. Organized activity
2. Private, independent organizations, not extensions of government
3. Voluntary in participation; free from coerced or mandated participation
4. Self-governing. They govern themselves and are not directly controlled by government.
5. Not profit distributing. Excess revenue is directed to mission not to individuals or owners.
6. Of public benefit. They provide a public good or contribute to the general welfare.