non-profit organization

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Nonprofit Organization

An organization that operates as if it were a business but does not seek a profit. Common examples of nonprofits include charities, private schools, and think tanks. Nonprofits do not pay taxes; donations to many are tax-deductible, at least up to certain limits. In order to qualify for this status, however, a nonprofit must register with the IRS, under section 501(c) of the tax code. See also: 403(b).

non-profit organization

an organization which attempts to achieve an objective other than profit, for example, a charity.
References in periodicals archive ?
Over 90% of non-profits who responded to Intacct Corporation's most recent Non-profit Technology Network1 survey are utilizing cloud apps.
However, despite the aforementioned concerns associated with working for a non-profit organisation, the majority of MENA respondents maintain they would be keen to work for one.
When it comes to general perceptions vis-a-vis professionals employed in the sector, employees of non-profit organisations are perceived to be more 'mission-driven' by 91.
Entertainment, fashion shows, gala balls, tournaments, auctions - all play a key role when brainstorming what theme and direction a non-profit fundraising event should deploy," reports CJ DiRoma, President of Station Avenue Productions, a division of The asterism* Group.
At some point in the then still low-profile process, it was decided to address the non-profit corporation issues with something called the Model Non-Profit Corporation Act, which sounded like a good and credible idea because it came out of the American Bar Association (ABA).
While many non-profit reuse firms may rely more on volunteer labor and function with lower revenues, making it difficult to justify quantity-based inventory systems, they might also be motivated to track materials flow in regards to environmental metrics for the purposes of donor reporting and demonstrating non-economic goals such as waste diversion.
We are a non-profit organization, but we are looking to incubate for-profit businesses that are able to do a lot of business in the South Bronx," Friella said.
The value of the non-profit sector, estimated at more than $60 billion in 2001, accounted for 6.
One expert contacted by Mauro, Bruce Hopkins, a lawyer with expertise in non-profit operations, said Sekulow is "certainly engaging in practices where higher scrutiny is warranted.
The premier issue includes a cover story on Cathy Hughes, owner of Radio One, and articles on the history of minority philanthropy, non-profit board organization and recruitment, gifts of faith, and profiles of three minority volunteers and non-profit professionals.
It sought to determine first, how significant contracting out has become; second, what do public agencies seek to achieve through contracting; third, how have non-profit and for-profit providers responded and fourth, what are the risks and challenges involved.
I wanted to return to Charlotte and struggled with the decision to go non-profit," he says.