Features Of Finance Of Corporate Non-Profit Organizations In Modern Economy

Abstract

There are various companies in the modern economy. They differ in the nature of their activities, in the terms of their organizational and legal form, the conditions for the formation and distribution of financial resources in the course of their economic activity. The traditional division of companies into commercial and non-commercial does not reflect the diversity of financial relations. The article discusses the financial mechanism of a special form of non-profit organizations - corporate non-profit legal entities. The purpose of the article is to determine the specifics of the finances of such organizations, their place in the financial system of the national economy. Based on the analysis, the financial mechanism of these companies is formed; the features that are characteristic of non-profit organizations’ finances, the features that make them financially similar to commercial organizations and the features that give corporate finance to these companies are highlighted. The modern economy transforms the finances of traditional market subjects. It concerns the appearance of corporate non-profit organizations. This phenomenon in the Russian economy is rather new and little studied. The mechanism of attracting financial resources of a corporate non-profit organization combines the features of a non-profit organization, a commercial organization and a corporate form of business activity.