Definitions for "Not-For-Profit" Add To Word List
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Organizations that are established under provisions of state and federal laws to provide services. Any surplus income is turned back into improving or expanding services for clients. Non-profits are governed by volunteeer boards of directors or. Boards are responsible for establishing financial and program policies.
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A property owned by all church-related and other entities that are corporations organized and operated under a policy by which no trustee or other person shares in the profits or losses of the enterprise.
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Terms commonly used to describe organisations, which do not distribute profits, although they seek to make an operating surplus.
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An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses.
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Status of ownership and/or operation characterized by government by community-based boards of trustees who are all volunteers. Board members donate their time and talents to ensure that a not-for-profit organization's approach to caring for older people responds to local needs. Not-for-profit homes and services turn any surplus income back into improving or expanding services for their clients or residents. Many not-for-profit organizations are often associated with religious denominations and fraternal groups. Not-for-profits may also interact with Congress and federal agencies to further causes that serve the elderly.
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An RHBO that has been granted an exemption from income tax under section 50–30 of the Income Tax Assessment Act. Not-for-profit entities may not distribute dividends.
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The Class of Trade for not-for-profit healthcare institutions.
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Ownership group which includes all church-related and other facilities that are corporations organized and operated under a policy by which no trustee or other person shares in the profits or losses of the enterprise.
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