An organization, usually a corporation or trust, formed not for private gain but for public or mutual benefit purposes. These organizations are exempt from taxes. Contributions to public benefit organizations (called 501(c)(3) organizations) are usually tax deductible for donors. Contributions to other types of nonprofits (mutual benefit organizations, business leagues, sports clubs, etc.) are usually not tax deductible to donors.
an organization that is set up in a legal matter so as not to pay tax
an organization whose income is not used for the benefit or private gain of persons with an interest in the organization, as designated by the Internal Revenue Service
If an organization does not want to make a profit, it is a nonprofit group. Churches, colleges, and charitable organizations are nonprofit groups. They take any extra money they have after they have paid their expenses and put it back into their group. Nonprofit groups do not have to pay taxes.
Refers to a nonprofit organization, or a 501(c)(3) organization, whose purpose is to carry on charitable work in the community
The designation of a corporation that exists for charitable, research, educational, scientific, or religious purposes, rather than to expand equity for shareholders. The preferred OCLC term is 'not for profit' organization.
Applicants must conduct qualifying research supported by a domestic non-profit foundation, non-profit professional association, or other non-profit institution, or a U.S. or other government agency (Federal, State, or local). A domestic foundation, professional association, or institution is considered to be non-profit if exempt from Federal tax under the provisions of Section 501 of the Internal Revenue Code (26 U.S.C. 501).
Typically, an incorporated entity whose mission does not include reporting profits from its business activities; in the context of this guide, many non-profit entities for whom federal programs are pertinent are organized for educational, charitable, philanthropic or cultural purposes. Most, but not all, non-profits are exempt from federal corporate income taxes under Section 501(c)(3) of the Internal Revenue Code; this status may or may not be a determining factor in a non-profitÕs eligibility for certain federal funds; if concerned, you should check directly with the federal funding agency for its guidelines.
marketing The marketing of a product or service in which the offer itself is not intended to make a monetary profit for the marketer.
A term describing the Internal Revenue Service's designation of an organization whose income is not used for the benefit or private gain of stockholders, directors or any other persons with an interest in the company. A nonprofit organization's income must be used solely to support its operations and stated purpose. Go to Top
An organization whose income is not used for the benefit of persons who would otherwise benefit from an interest in the organization. Funds received by a nonprofit organization must be used only in support of its mission and operations.
As designated by the Internal Revenue Service, an organization whose income is not used for the gain of persons with an interest in the organization. Funds received by a nonprofit must be used only in support of its mission and operations.