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 ?
Successful organizations in the social sectors have common features (Crutchfield & Grant, 2007: 46) point out through: (1) advocacy and service provision, nonprofit organization must not lose sight of the fact that, besides providing services, advocacy is also important because it increases their level of influence.
Kaiser, who has worked to make both The Dance Theatre of Harlem and the Alvin Ailey American Dance Theater more financially stable, agrees that an effective board of directors is a necessity for any nonprofit organization.
Although the Sarbanes-Oxley Act of 2002 (SOA) currently affects only public companies, many state legislatures are recommending "Sarbanes-like" provisions for nonprofit organizations.
The AT&T Cares program encourages employees to take a day off to volunteer for nonprofit organizations in their communities.
95); Operating Grants for Nonprofit Organizations 2005 (Oryx Press; $44.
The following issues need to be considered before a nonprofit organization can design an effective supplemental pension plan:
Nonprofit organizations can use the money to improve facilities, and that can range from a food bank buying a new refrigerator truck, to a shelter buying a building.
com), a free web-search program that allows people to give to charity by searching the Internet, today announced that it has formed partnerships with two leading nonprofit organizations, Operation Smile and Free Wheelchair Mission.
To help nonprofit organizations apply for grants, a workshop is scheduled for 9 a.
One of the project's partners, Xcel Energy, also provides energy efficiency workshops for nonprofit organizations.
NEW YORK -- The New York Times Company announced today that it has created a new awards program, The New York Times Company Nonprofit Excellence Awards, to recognize outstanding nonprofit organizations based in and serving the communities of New York City, Long Island and Westchester.
Bank Five Star Volunteer Award nominations may be made by an employee or by a nonprofit organization.

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