non-profit organization

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Related to Not-for-profit organization: Non Profit Organization

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 ?
Novotny discussed the effects of Sarbanes-Oxley on not-for-profit organizations and how to effectively apply those principles to individual organizations.
The past 20 years has seen a rapid expansion in the use of not-for-profit organizations to meet a variety of needs.
unrestricted net assets: the part of the net asset of a not-for-profit organization resulting from contributions and other inflows of assets whose use by the organization are not restricted by the donor; or anything not classified as permanently or temporarily restricted net assets.
For many years, not-for-profit organizations had very little in the form of official pronouncements from FASB.
Filled with authoritative advice on the financial reporting, accounting, and control situations unique to not-for-profit organizations, Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition is recognized by professionals as the industry standard reference on not-for-profit finance and accounting.
Not-for-profit organizations enjoy the lowest interest rates being charged.
For example, not-for-profit organizations that collect or solicit contributions on behalf of other NPOs have had difficulty determining when they are donors or donees or agents, trustees or intermediaries.
Nearly half (47%) of associations and not-for-profit organizations managed by AMCs have annual revenues more than $500,000.
Anthony is a board member of Long Island Elite, an under-40 networking group that assists members in developing business and supports local not-for-profit organizations.
CFA is a not-for-profit organization founded in 1906, is the world's largest pedigreed cat and cattery (cat breeders) registration dedicated to the protection, care, and education of responsible cat ownership.
The program provides funding to municipalities and not-for-profit organizations, and supports three types of projects only: historic structure reports, historic landscape reports and cultural resource surveys.
He was Executive Vice President of NexCare Collaborative, the healthcare not-for-profit organization that he co-founded with his brother, Dr.