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 ?
MiSK Foundation is a non-profit foundation aiming to help disadvantaged youth.
It's worth noting that HRH Prince Mohammed bin Salman bin Abdulaziz Foundation "MiSK" is a non-profit foundation devoted to cultivating learning and leadership in youth for the Kingdom of Saudi Arabia of tomorrow.
Prpl, the open-source, community-driven, non-profit foundation shaping the next-generation of connected devices, has been steadily gaining members to collectively steer the future of residential broadband.
The firm also includes Davidson Development, Davidson Advisory Services, Davidson Referral Network and non-profit foundation Davidson Cares.
Merck Serono, a Germany-based pharmaceutical company, has signed a contract with Medicines for Malaria Venture, a non-profit foundation created to discover, develop and deliver new, affordable antimalarial drugs.
Urdangarin is already under investigation for allegedly using his position to embezzle several million dollars in public contracts assigned to the Noos Institute, a supposedly non-profit foundation he set up, and channel the funds to other business, among them Aizoon.
IdeaSpace is a non-profit foundation focused on helping commercialize the best science and technology ideas from the Philippines and other nations.
The BFRCD is a private, non-profit foundation born out of the Bahrain crisis, which aims to help bridge the sectarian and social divide in the kingdom.
Myclimate is a leading international non-profit foundation providing consultancy, advisory and carbon management services to help companies reduce their environmental impact by offsetting carbon emissions and reducing or, where possible, replacing their use of fossil fuels.
Run by his non-profit foundation Virgin Unite, the contest attracted over 500 entries from around the globe, including an idea for a solar powered football, the world's most ethical pants and a train carriage that allows passengers to share ideas on how to make the world a better place.
21 June 2012 - Germany-based fashion major Tom Tailor Holding AG (ETR:TTI) said it had agreed to buy Bonita International GmbH & Co KG from the non-profit foundation Versorgungs- und Foerderungsstiftung in exchange for cash and shares.
The ASO received its first gifts to the Endowment in 1997 and established a separate non-profit foundation and Board of Trustees to manage the fund the following year.