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SAIRISH KARODIYA DORALYN HEINRICHS BUS100-04 15 SEPTEMBER 2015 “Non-profits” business is capable of generating profit which means that business which are organised for non-profit make profit, they are not designed to make money for proprietors or shareholders. But, non-profits are organised to serve the government as well as the society. Saskatchewan Roughrider Football Club is a non-profitable organisation. The Club operates a professional football franchise in the Canadian Football League (the “CFL”). The Saskatchewan Roughrider Football Club was been established in 1910 and incorporated in 1940 and is registered under the Non-Profit Corporations Act of Saskatchewan. The football Club’s Board of Directors and leadership group gathers in an encouraged activity to assess its vision - we are a championship organisation; mission - the Saskatchewan Roughriders set the standard of excellence in Canadian football and values like our fans and stakeholders, winning philosophy, innovation, …show more content…
integrity, fairness and respect, openness and accountability and giving back to the community. Jim Hopson, president and CEO of the Saskatchewan Roughriders has been driving the club since 2005 and now retired. At that time, community-owned Roughriders chose to move to a governance role rather than a managerial one. According to him, it had given more successes and seemed as to run a real business. The Club has two classes of permanent membership Interests.
The Class A membership shares, an unlimited number of permanent voting members whereas the Class B consists of the unlimited number of permanent non-voting members. The Class A membership shares convey the privilege to one vote each for the race of the Club's Board of Directors and agreement of the individuals. The Membership Shares convey no other money related rights or advantages, specifically, no privilege to get profits or different distributions aside from the right to a return of the amount paid for every membership share on any dissolution of the Club. The share cost $250 per share. The special benefits received as a shareholder of Football Club, would be like choice to purchase preferred parking, access to selective shareholder events and also rider share wear clothing line, 15% off all routinely estimated Rider stock at the Rider Store, a chance to upgrade season ticket, direct entry into shareholder
challenges. The Saskatchewan Roughriders support the children’s Hospital of Saskatchewan. The club’s objective is to bring issues to light about the effect of donating blood and the amount of lives it saves. The Touchdown for Dreams program appeared in October of 2011 as a major aspect of the CFL’s new pink activity where in six women had their dream come true. Apart from this, in terms education, they believe in imagine no bullying and raise a reader program. Their love and thoughts for the kids believe that none of the kids should left side. In the year 2013, a program called go green was formed which had partnership between the club, the city of Regina and North central community association. This led to increase in participates; clean the waste, dirt and sort the recyclable. The Saskatchewan Roughriders are likewise able to reach every edge of the province with many community outreach programs and activities like Grey cup legacy project. WORK CITIED News, CBC. "Roughriders CEO Jim Hopson Retires: 'It's Been a Great Ride'" CBCnews. CBC/Radio Canada, 20 Mar. 2015. Web. 14 Sept. 2015. "Nonprofit Taxes: When Non-profits Make a Profit." When Non-profits Make a Profit. Thomson Reuters. Web. 13 Sept. 2015. "Saskatchewan Roughriders." Saskatchewan Roughriders| FAQ. Web. 14 Sept. 2015. "25 Things to Know about Saskatchewan Roughriders | Football." CBCnews. CBC/Radio Canada, 7 Oct. 2014. Web. 13 Sept. 2015.
Being identified as a nonprofit, doesn’t necessarily mean it will be a charitable organization. Though the term has been applied to most nonprofit organizations, the fact is most nonprofits is structured using the economic model. The economic model is based on the traditional model of management designed to deal with the complexity of managing an organization (Bradshaw & Hayday, 2007, p. 4). This model acquires funding from multiple sources such as; individuals, government grants, corporations, and foundations. Though an nonprofit organizations may be identified by the Internal Revenue Service (IRS) as tax-exempt, it may use the same economic model and framework as a for-profit organization. According to Brainard & Siplon, (2004), the nonprofit economic model often mimics that of the private sector by using organized professionals to help determine the goals and vision of the organization (p. 439). It is widely believed that most nonprofits use the economic model along with an aggressive...
To stay on the JMU cheer team or to quit was a very hard decision that I had to make this past month. Knowing I had leadership responsibilities as a third year veteran on the team made this decision extremely difficult for me. I had to consider all the parties involved which consisted of myself, my teammates, and my coaches. Several factors fell into play when deciding what was best not only myself but for my team as well. The first and most important factor I had to consider was my physical health as I have back problems that requires annual back procedures in order to be able to cheer. A relatively new factor in my decision making progress was the hiring of the new JMU cheer coach, which was extremely difficult for the upperclassmen to adjust to. My last few personal factors that played a role in my decision consisted of getting a job and focusing more on my school work. Next I had to consider what was best for the cheer team. I knew as an upperclassmen I needed to support the cheer program to help keep it strong and consistent during the coaching transition. This was hard to do when several other upper classmen were quitting the team due to this change. I also knew I had a responsibility to teach the incoming freshman new skills the same way the juniors and seniors taught me when I was a freshman. Not only did my team need me but I also took into consideration the contract I signed when making the team my freshman year. After taking everything into consideration
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.
1. When it comes to problem solving, non-profit organizations is less concerned with the cost of a solution than a for profit organization.
On Sundays in the fall people all over the world are watching pro football. But do they know how it came to be or how the rules have gotten to be the way they are today? Most people don’t, so I am going to tell you all about it.
The history of rugby league as it separated from rugby union in 1895 which was about 130 years ago in huddersfeild when the northern broke away from rugby union to pla...
A man by the name of Arthur Joseph Rooney founded the Pittsburgh Steelers on July 8, 1933. At this time, the Steelers were named the Pirates to go alongside the popular baseball team in Pittsburgh. The Pittsburgh Steelers were a part of the NFL1, which at the time had only ten teams. At the age of eighty seven Art Rooney suffered from a stroke and passed away. Art Rooney was one of the founding fathers of the sports organizations that we know and love today.
College football has become big business. With the CEO’s of the universities, oops I mean “Presidents and Deans” bringing in the big money. It’s a genius idea really. They bring in millions of dollars each year and do not have to pay their employees, so it’s a hundred percent profit. Yes, they say they pay their players by giving them the value of a free education. How free is it? Not just on Saturdays but every day of the week the players but their own personal safety, emotional state, and life on the line. Half the time don’t even have time to go to the classes, but it’s okay the school clears them or sets up classes that are just on paper. Don’t even have time to eat somedays. Have to constantly deal with scrutiny from the media and student body. Even Scrutiny from the NCAA, because oh no you took $100 from your uncle to eat that week. Get trotted around by their somewhat respected school like a walking billboard. I have seen all of this first hand as I played college football for two years. It's been brought up time and time again. The majority of coaches think it's a great idea, I mean most coaches bring in million plus dollar contracts. That’s beside the point though. The NCAA still balks every time at the idea because it would cut into their profit margin and the lining of their own damn pockets. So, with boosters and agents running rampant giving players exactly what they want, the issue is no longer a question. Pay the players now.
The Pageantry of Football is often left out or unknown to our communities across America. Millions of fans flood into stadiums to witness one of America's most popular games, however there's more to the game than just the game, l would like to point out an important aspect of the game of football that keeps the tradition strong in the sports world.
Sports Direct’s volatility of the returns is actually 2.9512% over the period of last 30 days and the actual risk is 0.5797%. This is 5 times more than the NYSE in volatility and in the overall securities and the portfolios it is 27% less risky. There is a downward trend in the market but Sports Direct is going moderately over the last 30 days and if the returns in the market will increase then the return on the Sports Direct holding will go decrease but in a smaller rate which shows the sensitivity in the market.
Governments have placed an increasing focus upon sport since the beginning of the 20th century. States have been attempting to develop the most effective sport system by taking differing views on sport policy objectives and values. This paper will use four factors to determine what makes an effective sport system. Sport systems must benefit the entire population, be open to public and private opinion, have policy goals and clear successes on the international stage. This paper shall compare the sport systems in Canada and China and using the criteria above, will argue that the current sport system in Canada is more effective.
Nonprofit and for-profit businesses have multiple similarities and differences. For-profit organizations are very different from non-profit organizations because the driving goal of a for-profit organization is increasing its revenue whereas a non-profit organization will not go out of business if it suffers financial loss or does not have a bottom-line. The marketing process also differs, with the biggest differentiating factor of profit marketing is to encourage customers to buy and while the nonprofit marketing purpose is usually to encourage people to give. This means that the return on investment differs between the two. Although the principles of marketing remain the same, some of the methods must, of necessity, be different. Because of the intense involvement in the community as well as support from government, agencies non-profit firms should not compete in the same markets as for profit companies nor in anyway position their organization in any way to give the impression that their efforts could be commercial based (Nelson, 2002).
I have always been a tough and aggressive lacrosse player which is something other coaches and players know me to be. My highschool team played against the best team in the inter-ac who is coached by one the craziest and angriest coaches in lacrosse. Losing by a lot our team became desperate and anxious, I myself forced a pass into the 8 meter which the goalie intercepted. Out of anger at myself, my team, and the opposing team I failed to discipline my body and mind and was unable to control my anger. I chased the goalie of Agnes Irwin down with an illegal horizontal stick and fully extended my arms while at full speed sending her flying into my own teammate, leading the referees to give me a yellow card.
The crowd started cheering as number 3 dribbled down the field. Every single fan stood up on their tippy toes with their teeth clenched. As she’s making her way to the shooting circle, the crowd is so silent, wondering what was about to happen. She’s on her own now, it’s a break away. Time for her and the goalie to face head to head. She shoots, and…. The goalie blocks it.
A difference between the users of government/not-for-profit organizations versus for-profit organizations is the voluntary position of an investor, lender, and creditor for a for-profit organization. These investors, lenders,