is Esf for profit or not for profit?

Li2015

I always thought it was a not for profit organization, esp with previous government funding. But there is probably some profit element to it? Where does the profit ultimately go?
I think key difference for profit is that they pay rent at market rate and if it's a non profit school they only pay hkd1 rent per year (象徵式)?  
In fact it's so hard to find out which schools are for profit (e.g profit goes to investor/owner) and not for profit. Any one know how o can find out further?

lovecasey

everything is for profit in this world, nothing is not non-profit even charity organization. The management can somehow make a profit out of it. The fact is IS in school is attracting more company into this business.  

LittleOsMummy

Li2015 發表於 17-9-26 22:39
I always thought it was a not for profit organization, esp with previous government funding. But the ...

May I know why do you care if they are profit making or not?

Li2015

I want to know because it tells me where the tuition money goes to - to the owner/investors or back to the school itself. It's just an additional piece of information that parents should know.
Having said that I'm sure there are lots of good schools that are for profit as I supposed they are run more efficiently so maybe it can save costs.
I guess another part of my question is the hkd1 land rent per year. That would make a massive difference in the schools' cost if certain school get this benefit.

nintendo

ESF 是否「非牟利」，我唔知，留番其他人答。

大家可以留意下，耀中都幾強調佢地係「非牟利」辦學團體。

shadeslayer

Li2015 發表於 17-9-26 22:39
I always thought it was a not for profit organization, esp with previous government funding. But the ...

I am pretty sure your definition of non-profit making, ie hkd1 for land lease is incorrect.

don't we have enough to consider when choosing a school, why non profit or not be yet another criteria to consider?

Activehealth

Dear Di2015.

I find your comments very interesting.

On Invest HK website, our HK government has told us that as of March 2010, there were over 23,300 non-profit organisations in Hong Kong, of which 6,380 were approved charitable organisations.

Not all ‘voluntary’ or so-called ‘non-profit-making’ organisations are charities. Basically you can pay $$18K to set up a charitable organisation in the name of advancement of education and get tax exemptions.

17-9-27 20:36 上傳

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poonseelai

最直接看一看校舍是否由政府批地，教署網頁講明只会批地給已獲税局豁免的not for profit organisation, 近排有私校在商場開或與团體合作而無須向政府申請校舍相信不是或無須是non profit.其實税局要求non profit directors不可支薪，所有盈餘要用於教學，不可分派給股東。会否有漏洞？當然有可能，雖然non profit機構每年要向公司註册處呈交已審核会計報告，税局亦可定期要求提供機構財務和活動資料，但前排有報導有機構出租hostel給非会員等去賺錢或有director支薪税局無發現，俾審計處查到。其實盈餘等於學費收入減支出，若支出控制不好，盈餘自然少，之前英基高層去半島high tea傾校務，有高層醫療開支高於group medical coverage成百萬，學校照俾，這些就真有問題。