What does it mean to be a “not-for-profit” organisation?

 

The following definition is taken from Philanthropy Australia.

 

“A not-for-profit organisation is an organisation whose primary objective is something other than the generation of profit, and which does not distribute any profit to the organisation’s members.

 

A not-for-profit organisation may have a “profit” – or surplus – left over after operating costs, but whereas a for-profit business would distribute that profit to its owners, shareholders or members, a not-for-profit must use the surplus to further the purpose of the organisation and its activities.

 

Not-for-profit organisations are entitled to pay salaries and to engage in activities which will earn money such as charging for services, selling or leasing property, and investing in shares.”

 

The purpose or charter of ARA is clearly set our in our Constitution, the legal document that governs the running of our organisation.

WHO WE ARE

Airborne Research Australia

ABN 60 604 313 484

CONTACT US

OUR MAIN SPONSORS

Hackett Foundation Adelaide

Australian Research Council

Sir Ross and Sir Keith Smith Fund

Joyce and Don Schultz

Flinders University

For information:

info@airborneresearch.org.au

Director:      Andrew J. McGrath

Chief Scientist:   Jorg M. Hacker

LINKS  & THINGS

ARA is a member of:

   EUFAR

European Facility for

Airborne Research

 

  NAERS

Network of Airborne Environmental Research Scientists

  
... probing the environment using the least intrusive
                         and most cost-efficient technologies ...
  

© 2019 ARA