Noun1.nonprofit organization- an organization chartered for other than profit-making activities nonprofit,not-for-profit organization,organisation- the act of organizing a business or an activity related to a business; "he was brought in to supervise the organization of a new department" ...
A Not-for-profit corporation is a corporation created by statute, government or judicial authority that does not issue stock. It is created with a specific purpose, educational, charitable or related to other enumerated purposes, it may be a foundation, a charity or other type of non-profit ...
Seenonprofit organization. Related Q&A What is the gross profit method of inventory? What is the difference between gross profit margin and gross margin? What is the difference between a balance sheet of a nonprofit organization and a for-profit business?
The term “not for profit” generally refers broadly to an activity that does not generate profits, and many types of organizations can be considered “not for profit”. Start a Nonprofit Organization The process of starting a nonprofit organization is complicated and more detailed information can ...
Nonprofits may receive donations of goods or services such as office supplies, equipment, or professional services. The donating party is eligible for tax benefits by gifting in-kind items. Nonprofit vs. Not-for-Profit The terms nonprofit organization (NPO) andnot-for-profitorganization (NFPO) ar...
However, it’s not always the case that you only have to pay for the coinsurance. If the service availed has a copay, then you would have to pay the coinsurance on top of the copayment. Upon reaching the out-of-pocket limit for that year, you no longer have to pay for both coins...
Nonprofits are allowed to provideassetsor income to individuals only as fair compensation for their services. Indeed, the organization must explicitly state in its organizing papers that it will not be used for the personal gain or benefit of its founders, employees, supporters, relatives, or assoc...
The terms “non-profit organization” or NPOs and “not-for-profit” or NFPs are often used interchangeably to refer to organizations that do not distribute their profits to shareholders. However, both terms refer to different types of organizations that differ in their scope, size, and activiti...
non-profit in Business topic From Longman Dictionary of Contemporary Englishˌnon-ˈprofit (also non-profitmaking British English, not-for-profit especially American English) adjective a non-profit organization uses the money it earns to help people instead of making a profit a non-profit ...