Not-For-Profit Organizations: The Saskatchewan Roughriders

See Things Differently
According to Investopedia “A not for profit organization is a type of organization that does not earn profits for its owners. All of the money earned by or donated to a not for profit organization is used in pursuing the organization's objectives.” However, this is not always true. The Saskatchewan Roughriders, although a not-for-profit organization, can also turn a profit under certain circumstances. The Saskatchewan Roughriders constantly give back to society by running numerous programs to better the society they are a part of while still turning a profit at the end of the year.
A not-for-profit organization is given a tax exempt status as long as they provide for the community as their core purpose but, can still make a profit. In order for a not-for-profit organization to turn a profit at the end of the year, they must complete not-for-profit goals or objects. Generally, these goals will follow the relief of poverty, an advancement in education or religion in the community, or any other activity that the courts have deemed charitable.

The Saskatchewan Roughriders have created multiple programs that have benefited the community in a variety of ways.

Some examples include programs that; raise awareness about the impact of blood donation, grant wishes to terminally ill women and sick kids, they present to kids about bullying in school, and of course the sport programs put on for kids. These sport programs were created with the goal of giving every kid the chance to shine on the field even if they cannot afford the fees to participate. As shown, the Roughriders do numerous things to try and better the community, whether it is health wise or to lead the youth to a positive

life.
In addition to the multiple programs, the Saskatchewan Roughriders recently implemented a new theme that will be displayed across all of their community work. The new theme, “Pass It On”, was established to elevate their work within the community. The result of this move by the organization was an increase of $1.2 million that went towards not-for-profit objects and a variety of charitable organizations. This move shows that the Roughriders are constantly dedicated to better the community.
Even with all these major contributions to the society, the Saskatchewan Roughriders still have a whole different agenda of operations which fund the community programs while also generating a profit. This agenda being their professional football operations. The Roughriders generate revenue and gain a profit from many different areas such as, ticket sales, merchandise sales, sponsorships, television agreements, concession sales and more. The Roughriders store away some of this revenue into a stabilization fund in case of unexpected expenses. This would allow the organization to continue running if there is an unexpected financial obstacle. The rest of that revenue is used to continue the organizations operations. Any profit the organization makes must be used to continue operations in the future as well the present.
Many think that being a not-for-profit organization means that you are unable to make any money, however that is untrue. The Saskatchewan Roughriders have shown that a not-for-profit organization are able to make a profit from the organization as long as the not-for-profit objects laid out are achieved. However, those profits must be used to further the success of the organization so they are able to continue the community programs and not paid to dividends.