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).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

non-profit organization

an organization which attempts to achieve an objective other than profit, for example, a charity.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
There are an estimated 100,000 to 150,000 nonprofit organizations currently operating.
The annual event raises money for nonprofit organizations in Spirit communities and builds relationships with Spirit's supplier partners.
Donations of any size are welcomed by most nonprofit organizations. You can elect to personally donate a sum of your choosing, or you can have your business sponsor an event put on by the organization.
Sandler Training is offering the opportunity for a central Oklahoma nonprofit organization to receive a scholarship worth $50,000 of professional development training.
This research, based on the study of non-American born Chinese female leaders, as well as American female leaders, will describe and analyze the influencing factors of their career advancement in nonprofit organizations to gain a greater understanding of their trajectory to executive or leadership positions.
TCF team members and TCF Bank customers donated more than USD 1.3m through fundraising activities and matching gifts and TCF Foundation granted nearly USD 1.6m to nonprofit organizations that support community development, education, human services, and arts and culture.
Data gathering and recording, accounting, reporting (internally and, more importantly, to donors), grant management and resource planning, and other processes that are deemed critical in the operations of nonprofit organizations usually take so much time, attention and resources that translate to lesser focus on their core missions.
Though the rise in employment rates is great for nonprofit organizations, the turnover--including recruiting, hiring, and training--has grown expensive.
"Northern Trust has served nonprofit organizations in the Milwaukee area for more than 17 years and our work with Herzing is an example of our deep relationship with the community," said Darius A.
Technology and its users play an integral role in this effort, and management accountants can help ensure that nonprofit organizations are utilizing these tools properly and following established best practices.
By encouraging employee volunteerism and input, financially supporting more than 100 nonprofit organizations each year and with staff and attorneys serving on several nonprofit boards, the Friday law firm has a strong focus on philanthropic efforts.

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