A nonprofit organization (NPO) is a business that has been granted tax-exempt status by the US Internal Revenue Service (IRS) on the basis that it advances a social cause benefiting the public in some way. (Think: historical preservation, scientific research, animal welfare, economic development...
What is a nonprofit organization (NPO)? A nonprofit organization (NPO) is one that is not driven by profit but by dedication to a given cause that is the target of all income beyond what it takes to run the organization. Because of this, NPOs receive tax-exempt status from the federal ...
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Want to learn about nonprofit corporations, including the pros and cons, how to get a 501(c)(3) status? Call us for guide to get your company off the ground.
nonprofit sector is a growing, thriving sector. A nonprofit is recognized as a legal entity by the government and, if it qualifies, will be granted tax benefits. When combined with the thrill of making a difference, a nonprofit can be a great alternative to starting a for-profit business. ...
Anonprofit business planis for any entity that operates for public or social benefit. It covers everything you’ll find in a traditional business plan, plus a section describing the impact the company plans to make. For example, a speaker and headphone brand would communicate that they aim to...
There is a lot of room for abuse in the nonprofit sector, as evidenced by hefty compensation packages for the directors of some well-known nonprofits. To protect the integrity of nonprofit values, nonprofits are required to submit supporting paperwork to protect their status, and they may be su...
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A nonprofit organization is an organization without commercial owners and which addresses the needs of society. Nonprofit organizations are also known as not-for-profits, NFP’s or simply as nonprofits. Nonprofit organizations are likely to be involved in areas such as religious, education, health,...
Working on nonprofit boards. Don't assume the shoe fits. Contrary to popular perception, businesspeople can be benevolent. For instance, one recent study notes that four-fifths of all Harvard Business School graduates are involved with nonprofits, with more than half of those serving on boards....