Organizations always try to increase their financial belongings and this is the core mantra of their operations. However, there are certain organizations which are not obliged to do the same because these organizations have been referred as Not for Profit (NFP) organizations in particular. The main mantra of these organizations is to provide ethical based services to its end users. The main perspective of this assignment is to analyze the function of a not for profit organization. The organization which has been defined in this analysis is First Place Funds. There is a case has been attached with the analysis and there are around 6 questions that needed to be answered in this analysis.
The case study is all about a chosen company with the name of First Place Funds for Youth, which is an organization founded in the year 1998 in Oakland, California, the United States (US). The core operations of the company depend upon the providence of discounting housing policies and assistance to youths.
According to the case study, the core objective of the First Place Fund (FPF) is to promote the long term self sufficiency among the foster youth and fosters with providing them all of the skills, resources and support in order to make a successful transition related to the adulthood (Rogerson, 2010). From the case, it is found that the company is fulfilling its objectives perfectly.
Ans-2) Organization’s Capabilities
In terms of the capabilities of the organization, it offers services to the youth who just came out of the foster care system and come in independent based living. The company offers housing schemes on discount with assistance in skills. Apart from this, FPF also assists people in financial based assistance as well as employment based assistance. Providing micro credit and education are some of the major elements of the FPF.
Ans-3) Who Will Meet with these Capabilities
Ans-4) Resources will be needed
Every company needs resources to move their operations towards the ending. Apart from the profit organizations, there are certain things which are important for Not for Profit organizations as well, like a donation. However, for FPF, the resource which the company needed from the foster youth is their complete bio data along with the job which they are referring to. FPF has enough funds in their treasury from which they can assist the foster youth in finding the best career for them along with financing their studies as well (Rogerson, 2010). All of the funds accumulated from donation would be spent on the assistance of foster youth.
Ans-5) Where Resource Came From
All of the resources from which FPF assists the foster youth and students come directly from the donation of people. People donate generously to the company and in return the company spent the donation on the needs of the students and foster youth.
Ans-6) Unearned Sales
The unearned sales strategy of FPF comes directly from the renting of houses which have been given to the tenants on discount. Apart from this interest from microcredit is the second strategy for the company to earned revenue.
Rogerson, S. (2010). Earned Income. Journal of Economics , 96-97.