The community contribution company is a type of
corporate structure A typical corporate structure consists of various departments that contribute to the company's overall mission and goals. Common departments include Marketing, Finance, Operations management, Human Resource, and IT. These five divisions represent ...
set up in 2012 in
British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...
, Canada. It is intermediate between a commercial,
for-profit, model, and the charitable,
non-profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
organisation.
[Community Contribution Companies]
Government of British Columbia, Ministry of Finance. Accessed Sept 2019. Traditionally,
non-profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
organizations either depend a combination of government funding, philanthropy, and earned income. This corporate model was set up to help build earned income to secure long-term growth.
See also
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Benefit corporation
In the United States, a benefit corporation (or in several jurisdictions including Delaware, a public-benefit corporation or PBC) is a type of for-profit corporate entity, authorized by 35 U.S. states and the District of Columbia, that include ...
, a similar type of legal organization in the United States
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Community interest company
A community interest company (CIC, colloquially pronounced "kick") is a type of company introduced by the United Kingdom government in 2005 under the Companies (Audit, Investigations and Community Enterprise) Act 2004, designed for social ente ...
, a similar type of legal organization in the United Kingdom
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Social entrepreneurship
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of o ...
, a practice which involves hybrid for-profit/nonprofit organizational strategies which community contribution companies are designed to accommodate.
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L3C, a similar type of legal organization in the United States
References
Social entrepreneurship
Social economy in Canada
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