A not-for-profit is an organization that offers goods or services to meet certain goals but not to earn a profit.Non-for-Profit Expanded DefinitionNot-for-profit organizations operate with the expectation of earning no profit. Any profit earned by a not-for-profit organization is either ...
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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" ...
Not-For-Profit Although they may seem like a slight variation of wording that may mean the same, nonprofit organizations and not-for-profit organizations constitute two distinct types. A nonprofit organization is an entity that manages its operations like a business. However, their main aim is ...
In conclusion, understanding the distinctions between nonprofit, not-for-profit, and for-profit organizations is crucial for anyone navigating the realm of social impact and business. Nonprofit entities are specifically formed to benefit the public good, enjoying tax-exempt status and of...
Not-for-profit corporation Definition 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 cha...
Definition 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?
Definition of a Not-for-Profit Organization Like a nonprofit, a not-for-profit company is one which does not distribute profit to its owners and shareholders but instead invests them back into their business and its initiatives. Anybody who sees a need can establish a not-for-profit company ...
If someone sees a need in their community or elsewhere in the world, they can research their idea and put together a business plan outlining the proposed nonprofit’s objectives and how it plans to meet those goals. Almost anyone can start a not-for-profit group and apply for tax-exempt...
For-profit retail banks may offer a superior bundle of financial services, but not-for-profit (occupational) credit unions enjoy subsidies from their sponsors (and exemption from federal income taxes), which allow them to capture a share of the local market. The model predicts that, at the ...