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 ?
He said: "Our offering is now amongst the best available for UK charities and other not-for-profit companies, and the launch of a dedicated brand in ThirdSector-Protect is testament to our commitment to the sector.
There are categories in the Business Excellence Awards for small, medium, large and not-for-profit companies and organization.
Clothes Aid is among not-for-profit companies which ship cast-offs out of the country to raise cash for charities such as Great Ormond Street and Make A Wish.
Upon my retirement nearly four years ago, I joined several boards of public and private companies, now serving on three public company boards, as well as those of a number of privately held and not-for-profit companies.
The area has affordable rents which is why a lot of not-for-profit companies have flocked to Chelsea," said Nissani, who also handled an expansion in restauranteur Eddie Allahan's chain of kosher eateries, bringing steakhouse, Le Carne Grill, to a 4,800 s/f space at 340 Lexington Avenue.
The not-for-profit companies merged last month to create CV One and are now updating systems to allow data to be stored on a single network.
The enhanced offering, which includes several management liability products under one form, now targets private and not-for-profit companies with up to $750 million in assets and fewer than 1,500 employees.
Rents in Midtown South and the Flatiron District still have room to grow, and we expect smaller firms and not-for-profit companies to start looking for space in other parts of the city, especially in the growing downtown commercial and retail neighborhoods.
In addition, WithumSmith+Brown Global Assurance has designed a new SarbOx solution specifically for venture-backed private entities and not-for-profit companies.
While most not-for-profit companies hire fund managers to manage their smart growth funds, CPC has acquired the multidisciplinary skills necessary to do virtually an entire project, including the design architecture, in-house,
She testifies that for-profit and not-for-profit companies currently serve the state, and that to the extent that such companies might not now compete with Premera in a particular product line or service area, they could easily do so.
Chubb offers D&O liability insurance for public, private and not-for-profit companies, health care organizations and financial institutions.