Nonprofit 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).
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"We are committed to raising funds for nonprofit organizations in our communities, and Receipt Rewards is an easy way for our customers to get involved as well."
The Service has increased enforcement against nonprofit organizations, particularly charities.
Answers in Genesis--a large creationist ministry based in Florence, Kentucky--promptly called upon its supporters to lobby the NPS and Secretary of the Interior Gale Norton not to permit what it called "censorship and book banning." AiG reports that over 125 of its supporters have communicated with the NPS, complaining of what AiG characterizes as "an incredible attack on free speech." The complaint of censorship is, of course, bogus; the First Amendment confers no right to have books purchased and resold by the government or (as here) by a nonprofit organization overseen by a governmental agency.
For nonprofit organizations with larger budgets ($500,000 or more) or those nonprofits receiving federal funding, the Act recommends formation of an audit committee separate from its finance committee, consisting of members who have expertise and knowledge in financial matters.
Though the use of audit committees will no doubt impose certain burdens and costs on nonprofit organizations, such committees will improve communications among directors, auditors and management; enhance the quality of financial reporting; assist board members in fulfilling their stewardship responsibilities; foster an environment that will attract and retain high quality board members; and assist the organization in achieving its stated goals and objectives.
The government's plan is to apply the same standards to nonprofit organizations and koeki corporations.
Essentially, the VPA exempts volunteer workers of nonprofit organizations and government entities from liability for harm caused by their actions or omissions if
From nonprofit organization sites that promote volunteerism to sites that young people have created to contribute to social change, CME hopes to document online youth civic activity of all types.
With access to the Internet, working people can reach out to public officials, nonprofit organizations, and the public, working together to improve the quality of public services and health care provided to the community.
As a consequence, the successful nonprofit manager must constantly work to find ways to sustain the myriad of complex personal relationships that together allow a nonprofit organization to pursue its mission.
These projects included a commitment made in 1998 to invest $2.7 million, of which $1.5 million was funded during the CRA examination period, to create an affordable elderly housing facility in a moderate-income census tract in Baltimore County, Maryland, and a commitment of $250,000 to a nonprofit organization to help to purchase and renovate a shopping center in a low-income area of the City of Baltimore.(9) Qualified investments in the Baltimore MSA totaled $2.6 million, which was a reasonable amount according to examiners.

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