81% of Nonprofits See No Change in Level of Financial Accountability in Wake of Sarbanes-Oxley and Other Regulations, Kintera Survey Reports.Business Editors SAN DIEGO--(BUSINESS WIRE)--July 22, 2003 In a recent survey of the nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. sector, 81 percent reported their organization has seen no change in the level of financial accountability in the wake of Sarbanes-Oxley and other new regulations for corporations. Of the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. , 19 percent noted that the new corporate laws had increased the level of accountability at their nonprofit. The informal survey was conducted from June 17 to July 9, 2003, by online solutions provider Kintera Inc. via their website at www.kintera.com. The web poll asked, "How have Sarbanes-Oxley and other new regulations for corporations affected the level of financial accountability at your nonprofit?" "The nonprofit sector overall has a stellar record when it comes to accountability and self-regulation," said Dr. Harry Gruber, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Kintera, and member of several nonprofit boards. "Given governmental regulations and close scrutiny by board members and constituents, there is little room for accounting `gray areas'." Gruber also noted that the mission of nonprofits is built upon solid ethics ethics, in philosophy, the study and evaluation of human conduct in the light of moral principles. Moral principles may be viewed either as the standard of conduct that individuals have constructed for themselves or as the body of obligations and duties that a . "While the goal in business is to garner profits, a nonprofit's purpose is to further its individual cause and, to put it simply, do good. The nonprofit world -- while not immune from financial impropriety -- has experienced little of the ethical lapses we've seen in the last few years in the business realm because the nonprofit mission is altruistic al·tru·ism n. 1. Unselfish concern for the welfare of others; selflessness. 2. Zoology Instinctive cooperative behavior that is detrimental to the individual but contributes to the survival of the species. , not capitalistic cap·i·tal·is·tic adj. 1. Of or relating to capitalism or capitalists. 2. Favoring or practicing capitalism: a capitalistic country. ," added Gruber. About Kintera Inc. Kintera is the leading provider of software as a service to help nonprofits foster a powerful sense of community to achieve their mission. The company's Knowledge Interaction solutions strengthen an organization's community by providing volunteers, members, donors and staff web-based tools to efficiently fulfill their tasks and share real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. and information. Kintera's proven Internet innovations such as Kintera Sphere(tm) and Friends Asking Friends(r) allow organizations to focus on their mission, not on their technology. Now nonprofits, educational institutions, associations, faith-based groups and others can use Kintera's complete web-based solutions to build communities, manage contacts, distribute communications, create content and run reports. For more information and an online demo, visit Kintera at www.kintera.com. |
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