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 ?
Lot 2 (Catholic schools, institutions and non-profit organizations located in the Diocese of Antwerp) bail (a fixed bail of 45,000).
org was started in 2013 to directly help worthy non-profit organizations.
Maintaining liquidity reserve in the non-profit organization is a result of belief that the value of lost income on account of interest will be recompensed by the benefits for incumbents of non-profit organization [Kim 1998, Lee 1990].
Many non-profit organizations have found great success by encouraging businesses to shop the Charitable Emporium on their behalf.
This year, 509 employees - 482 in the United States and 27 in overseas offices - each earned $250 grants for a total of $127,250 for the non-profit organizations they volunteered with last year.
We noticed the impact that this economy is having on non-profit organizations and so we created Conduit Gives to give back.
Jeffrey Gural, president of Newmark & Company, said 305 Seventh Avenue was one of the first buildings with a plan approved by the Attorney General that was designed specifically to attract non-profit organizations, and the only one offering 100 percent non-recourse financing directly from the sponsor.
We're delighted that members of the Senate understood the grave nature of putting severe restrictions on the free speech of churches and non-profit organizations," said Jay Sekulow, Chief Counsel of the ACLJ, which is opposing legislation.
By classifying these organizations as 'grassroots lobbying firms,' the churches and non-profit organizations would be under a tremendous burden by being forced to register and report to the federal government.
OTTAWA -- Volunteer and non-profit organizations are being hit with ever increasing insurance premiums that threaten their ability to fulfill their mandates and diminish their returns from fundraising events and from funders, who don't take insurance increases into account says a recently released study completed by the Voluntary Sector Forum.
ATLANTA -- Citing its strong base of agent volunteers in local community organizations, The Allstate Foundation in the Southeast Region today announced the philanthropic organization has awarded 52 grants that total $26,000 to non-profit organizations - 501 (c)(3) groups - throughout the state of Georgia in 2006.
The Act provides limited protection from civil lawsuits for volunteers working with non-profit organizations.