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If your question has to do with non-profit condominium association boards, your governing documents should be clear on this point.
Most documents preclude paying board members, because the positions are strictly volunteer positions.
As well, no board member -- usually -- can profit from sitting on a board voting to do business with a vendor in which the board member has an interest.
What else can I help you with?
How are non profits able to pay their employees?
A nonprofit company is not a company that doesn't make money. They do make money, in order to maintain the company, only that the money doesn't go for profit causes. That way the employees are still getting paid.
Can a non-profit organization declare profit?
Yes. The intent is not to avoid profit; the intent is to serve a purpose. Profits are retained by the organization as opposed to being paid out to the owner in a for profit.
The company profits paid out to shareholders are called?
Those distributed profits are called dividends, because the profit is divided among the various shareholders.
Does non-profit pay the directors?
Non profits do not, generally, pay the Board of Directors which are volunteer positions. There are certain cases, such as private foundation, in which Board members may be paid. Executive Directors, as staff, are paid positions.
How are Dividends are paid out of profits?
Yes. companies pay out dividends to its share holders from the profit they make out of their business. The more the profit the company makes the greater would be the dividends paid out to the shareholders.
Why do dividend decisions based on an overstated profit lead to erosion of capital?
By definition, dividends are paid out of profits, they can not be paid out of anything else (not loans, not losses, etc). If the dividends paid exceed profits for the same period the distribution is considered a return of capital (stock basis, additional paid in captial, etc). So an overstated profit WILL reulst in "erosion of capital" if correction of the overstatement results in profits being less than dividends.
How do you take profits from stocks?
To take profits from stocks, you can sell the stocks you own at a higher price than what you paid for them. This difference between the selling price and the purchase price is your profit.
Do any of the WikiAnswers contributors get paid?
No. All WikiAnswers contributors answer questions just for the fun of it, not for profit. Community Assistants, who are Answers.com employees, are paid.
How the manager to maintain the equilibrium between the needs of the organization and the needs of its employees?
In many ways the needs of an organization are the same as the needs of its employees. The ability to earn a profit as example is a need of the organization and helps fit the needs of employees to be paid properly. Thus profits and pay to employees are tied together. As an additional example, an organization needs to attract and retain employees to work in the organization. To do this, the organization must pay fairly and have good benefits to satisfy employee needs.
Profits paid to stockholders are called what?
Profits paid to stockholders are called dividends.
Can a paid employee of a non profit Home Owners Association be a member of the board of directors?
Read your governing documents to determine who is eligible to occupy a director's post on the board. Generally, this is limited to owners, and employees are specifically banned from becoming a director.
Why does a company seek to make a profit every year?
After all the employees and the expenses have been paid off the profit is used to improve the company or its also how the owners make money
