Integrated action research on formalizing the finance processes of a nonprofit organization

• Main Author: Galicia, Maribeth Badana
• Format: text
• Language: English
• Published: Animo Repository 2016
• Subjects: Nonprofit organizations; Finance
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/5419
• Institution: De La Salle University

Nonprofit organizations are essential part of our communities. They provide various activities which promote civic participation that contributes to building stronger and better environment for the society in general. Unlike profit oriented companies, nonprofit organizations goal excludes maximization of shareholders value. Their operations are dependent on the donations and grants they received from various entities that support their advocacies and projects. As such, much attention are given to ensure that activities are carried out properly which could satisfy the donors and grantors. Administrative functions such as procurement, human resources and finance among others were not prioritized and are usually done based on what has been practiced which are mostly considered to be informal. This study was conducted using action research as main methodology. Through collaboration, an issue has been identified which revolves around the informal practices of the Finance unit of a nonprofit organization. Various frameworks and review of related literature have been used as a guide in coming up with the action that was implemented. Results of the study shows favorable outcomes which enables the Finance department to better deliver their function which could contribute to the growth of the organization as a whole.