Moncton Store Pursues Non-Profit Option
Over a week ago, we reported on yet another announced closing, but determined to survive, Faithful Servant Books in Moncton, New Brunswick is looking at restructuring as a non-profit organization. Last week they posted this on their website:
Thank-you to everyone who has expressed their support and offered prayers to our Lord over the last month, when we announced that store closure seemed unavoidable, if a buyer could not be found.
Although there has been no offer to purchase, we have left no stone unturned in trying to find a way forward, as we have witnessed first hand the change in people’s lives as a result of the Lord working through our ministry. We have not only received untold encouragement and moral support from our customers but the general consensus is that a community or region without a Christian resource centre is missing a critical ingredient of its spiritual health.
Having shared those thoughts, we are pleased to share that we believe there may be a viable solution to our dilemma. We plan to formally restructure as a not-for-profit organization.
read the balance of the notice by clicking here — look for the April 15th posted item
What do you think? Are there some advantages to be gained by going non-profit? What activities might the store need to be doing to meet the definition?