LSH a Non Profit

What is a non-profit organization?

Non-profit organizations (NPO) also known as not-for-profit are organizations
that do not distribute their surplus fund to its shareholder or owners. Instead they
take the surplus funds to help it pursue the organizations goals. The term “non-
profit” is used to describe corporations that are organized to advance a public or
community interest rather than for individual personal or financial gain. A Board
of Directors controls the decision making for a NPO and decides where the
surplus funds, if any, will be invested.

What is the difference between a non-profit and for-profit?

The difference between non-profit and for-profit organizations is for profit
organizations are commonly privately owned and operated, where as in a non-
profit the Board of Directors controls the organization. In non-profit organizations
none of the surplus in funds can benefit an individual or stakeholder. In for-
profit organizations the owner can distribute the surplus in funds in any way they
decide.

NPO rely heavily on fundraising and donations for the funds needed to run the
day-to-day operations. Without these opportunities many non-profit organizations
would not be able to provide service. NPO are people coming together to form
an organization to solve problems and enrich their communities. Non-profit
organizations play a major role in the social and economic well being of our
communities. They allow people to donate time, resources and expertise for a
greater good.



Discover a Different
Kind of Care
  • Here at Lake Superior Hospice we can provide compassionate end of life care for you or a loved one dealing with a life-limiting illness. Research shows that 8 out of 10 Americans would want to stay in their homes surrounded by family and loved ones if they were faced with a life-limiting illness. Hospice can make this happen. Lake Superior Hospice creates a personal and specialized plan of care to ensure each patient and their families are getting the care they deserve.