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 ?
Nonprofit organizations make a significant contribution to society, emphasizing the importance of social versus economic values typically represented by for-profit organizations.
Yet, in many ways, the nonprofit organization is still being run the way it was back in 1968.
As the states enact these rules, it be important for nonprofit organizations to understand their home states' provisions, as well as those of any state in which they intend to solicit contributions.
Competitive challenge--A basic tension exists between for-profit and nonprofit organizations resulting in an increasing dilemma as nonprofits strive to be competitive.
The nonprofit organization is working with the Rancho Simi Recreation and Park District and provides safety and rescue assistance in the mountain trails surrounding Simi Valley.
These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising; lengthy sales cycles for major customers; our need to manage growth; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission.
Before you do anything, you should know that starting a nonprofit organization is much like starting a small business.
Certain attributes must be in place in order for nonprofit organizations to maximize their unique opportunity in seeking philanthropic support to meet their capital needs.
Dave Pele, 51, said Fillmore is such a small community that the proceeds subsidize many nonprofit organizations that would not otherwise have such a source of income.
457 provides for a nonqualified deferred compensation plan for nonprofit organizations that defers annual compensation up to the lesser of $7,500 or one-third of includible compensation per employee.
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) is an online services provider of innovative branding, communications and fundraising solutions for a wide variety of nonprofit organizations, including Operation Smile and Free Wheelchair Mission.

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