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t. e. United States non-profit laws relate to taxation, the special problems of an organization which does not have profit as its primary motivation, and prevention of charitable fraud. Some non-profit organizations can broadly be described as "charities" — like the American Red Cross. Some are strictly for the private benefit of the members ...
A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [1] in the US.
Not-for-profit organization. A not-for-profit or non-for-profit organization ( NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. [1] An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.
Definition. Whether or not a group of people is an unincorporated association is not always clear. A summary definition is. a group of people. gathered for a common purpose. but not for profit. intending to create a legally binding relationship between themselves. There is no statutory definition of an unincorporated association, [2] so it has ...
BoardSource. BoardSource, formerly the National Center for Nonprofit Boards, is an American nonprofit organization founded in 1988. Its mission is "to inspire and support excellence in nonprofit governance and board and staff leadership". [1]
A nonprofit organization ( NPO ), also known as a nonbusiness entity, [1] nonprofit institution, [2] or simply a nonprofit (using the adjective as a noun ), is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners.
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