Nonprofit Organization


Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

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.
95); Operating Grants for Nonprofit Organizations 2005 (Oryx Press; $44.
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.
The following issues need to be considered before a nonprofit organization can design an effective supplemental pension plan:
To help nonprofit organizations apply for grants, a workshop is scheduled for 9 a.
Fiscal Challenge--changes in the revenue structure of nonprofit organizations reflect the following key trends:

Full browser ?