Nonprofit 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).
References in periodicals archive ?
We will look into the minimum information that is necessary for establishing policies to restrict concentration of wealth into nonprofit corporations.
of a nonprofit corporation are not personally liable in their capacity as directors .
The chapter on taxation sets forth the basics on federal tax issues commonly encountered by nonprofit corporations.
There are 256,000 nonprofit corporations nationwide, a category that includes private schools and religious organizations, of which 24,000 declared earnings from their business in the past year.
Previously, when the district issued certificates, it was legally required to use an independent nonprofit corporation as a conduit for the funds between the district and the bank.
34,800,000 ABAG Finance Authority for Nonprofit Corporations 1993 certificates of participation (Lucile Salter Packard Children's Hospital at Stanford Project); Ambac insured; liquidity provided by Bayerische Landesbank Girozentrale.
Nearly 62,000 business entities and nonprofit corporations are on file with the Department of Secretary of State, and each of those entities must file an annual report disclosing information about the management of the entity.
California Home Source allows qualified residents to choose a home, lease it from a new non-profit entity created by the ABAG Finance Authority for Nonprofit Corporations, then purchase the home and assume the mortgage at the end of the lease term.
The rating Fitch Ratings has assigned to the $71,500,000 ABAG Finance Authority For Nonprofit Corporations, Revenue Bonds (New de Young Museum Project, San Francisco, California), Series 2002B, is revised to 'AAA' from 'AAA/F1+' effective January 30, 2003, the Conversion Date ('Conversion Date').
The firm engages in general and transactional representation of businesses, including proprietorships, business corporations, nonprofit corporations, partnerships and limited liability companies.
The Chair of Orrick, Herrington & Sutcliffe LLP's Public Finance Department, Roger Davis and his collaborator, Alexandra Davis recently completed a 38 page pamphlet entitled "Nonprofit Corporations: Borrowing With Tax-Exempt Bonds," designed to provide nonprofit corporations, their consultants, counsel, and bankers, with a broad-range of information that they should find useful when considering, or actually working on, a tax-exempt bond financing.
More importantly, they significantly increase R101's capacity to deliver technology to the nonprofit corporations in our community who have been left out by the technology revolution.

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