What is the difference between not-for-profit and for-profit organisations?
There are many organisations in the Australian disability employment services sector. Some are not-for-profit organisations like EPIC, and others are for-profit businesses.
Some people believe the difference between not-for-profit organisations and for-profit businesses is obvious: not-for-profits don’t make money and for-profits make money. But this is not the case. In fact, both types of businesses make money.
The difference between not-for-profit and for-profit organisations is what they do with the money left over after expenses (e.g. salaries, rent and electricity) are paid.
For-profit businesses call this money ‘profits’ and apply it for the benefit of particular people, e.g. the people who run the business. Not-for-profits like EPIC call this money ‘surpluses’ and reinvest these surpluses back into pursuing the organisation’s objectives and delivering their mission.
Why is it important that EPIC is not-for-profit?
Being a not-for-profit means we are able to go above and beyond for our job seekers, and support everyone as the individual they are. As a not-for-profit, EPIC can remain true to our core values, and ensure our surpluses support our job seekers. After all, our job seekers are the reason we exist.
How are our profits reinvested?
We reinvest our surpluses into helping our job seekers succeed, providing tools and support they need to achieve their goals. Whether you need assistance writing resumes, using public transport or building social skills, we’re here for you.
A large part of our surpluses are spent providing on-the-job support for people once they are employed. EPIC staff work alongside the person in their workplace for as long as they need us – that could be a month, a year or longer. That’s where EPIC is different – we don’t just find people jobs, we are committed to helping them keep their job.
Mental health services
Looking for work can be a challenging time. That’s why we invest in a specialised mental health support program for job seekers. Our Mental Health Consultants have expertise in both mental health therapeutic approaches, and employment services. They can support job seekers to develop practical skills and strategies to improve their mental health. This program is just one example of how we are always innovating and adapting, so that we can better serve our customers.
We invest in advocating for the rights of people with disability. We understand that to empower individuals and communities, we need to drive social and policy-level change. We do this by engaging directly with local, state and federal governments, industry peak bodies, and member organisations like Anglicare Australia.
We invest in the communities that we proudly serve. By working with like-minded local groups and organisations we are helping to create more inclusive communities. When communities value the contributions of people with disability, diversity becomes the norm.