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 ?
org, NetSuite's corporate citizenship arm, donates NetSuite's powerful cloud-based management suite of applications to qualified not-for-profits to conduct their mission-critical business operations like accounting, social impact reporting and business processes unique to their organisations, as well as ERP, grants management, donor management, human resources, content management and fundraising.
In the case of colleges, they already pay local governmental property taxes on their dormitories and cafeterias, a unique situation making those in the state less competitive than any other state around it and making the not-for-profits less competitive with public institutions that do not have to pay the same levy.
Vitale would provide support and financial solutions to not-for-profit health care organizations and educational institutions that rely on Bank of America's Not-for-Profit Health care and Institutions practice.
The good news for internal auditors in all the changes rocking not-for-profits is no matter how complex that sector gets, sound, basic internal audit procedures can still help prevent and detect fraud.
Careful planning and collaboration are key in creating successful joint ventures, according to the panelists discussing 'For-Profit and Not-for-Profit Collaboration in Redevelopment' at an educational conference presented by the Northern New Jersey District Council of the Urban Land Institute (ULI-NNJ) focused on creating successful redevelopment initiatives.
As a result, some not-for-profits are operating with less staff but with the same amount of work.
Some would say these margins do not apply because not-for-profits are more caring and deliver higher quality of life and standards of care.
The protection of charitable assets of not-for-profits converting to for-profit status has a long history in the health industry.
Of course, these facilities, being in the not-for-profit sector, have had access to large endowments that they've been able to invest to offset their operating losses.
The external threats are institutional racism and discrimination within the not-for-profit theater field, and the very structure of the not-for-profit arts industry, which places black theater in a colonized position in regard to funding.
While some not-for-profits don't receive charitable contributions, the new standard on financial statements will affect virtually every not-for-profit organization.
30M Government, associations, not-for-profit Award of MERIT Entry: Rehabilitation for the Three Stages of Life Winner: Mark D.