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.
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.
Terms commonly used to describe organisations, which do not distribute profits, although they seek to make an operating surplus.
An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses.
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.
An RHBO that has been granted an exemption from income tax under section 50â€“30 of the Income Tax Assessment Act. Not-for-profit entities may not distribute dividends.
The Class of Trade for not-for-profit healthcare institutions.
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.