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 ?

To find other potential board members, not-for-profits can tap into sources that align with their mission.

Strategies for maintaining an effective board: Strong not-for-profit governance hinges on successful recruitment, training, and retention

St Vincent's travails highlight a common misconception about not-for-profit hospitals.

Not-for-profits are not the answer

Not-for-profits enjoy many tax-exempt privileges, but these privileges are subject to stringent requirements.

Navigating the not-for-profit tax minefield

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.

When a good legislator sponsors bad legislation

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.

Bank of America names head of non-profit arm

The faltering of this most recent legislative reform is a telling comment on the characteristically makeshift regulatory environment in Canada for not-for-profit corporations.

NFP corporate legislation

I am honoured to be here today at the ACOSS National Conference to begin a conversation about a renewed relationship between the Australian Government and the not-for-profit sector.

Government relationships with the not-for-profit sector

That, unfortunately, is just the type of fraud risk internal auditors in not-for-profits are most likely to face.

Reputations at risk: although not-for-profit organizations are a horse of a different color, auditors can help them tame fraud that can publicly impact their mission and drive donors away

Historically, not-for-profit organizations generally benefited from laws affording charitable immunity from tort actions.

Chapter 5: specific issues for the not-for-profit entity

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.

Non-profits bring new opportunity to redevelopment arena

I have accessed what I consider some of the best ethics policies from both the not-for-profit and the for-profit worlds, and the real meat of it was around the conversation with the staff.