A non-profit organization (NPO) is an entity that operates without the primary goal of generating profit. Instead, NPOs pursue charitable, educational, religious, or social missions to benefit the community or society at large.
A non-profit organization is an entity that funnels any surplus funds back into the operation of the organization, rather than to...
Unlike for-profit businesses, NPOs have no owners and any surplus profits after operating expenses are used to further its goals instead of being distributed between members or employees of the organization. What is the difference between an NPO and a not-for-profit organization? Nonprofitandnot-f...
An organization must maintain the purpose that it has previously reported to the IRS, such as that its mission is to help less privileged individuals gain access to a college education. The 501(c)(3) organization must first notify the IRS of its change of operations if it decides to engage...
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,...
For IRS purposes, non-profit organizations fall into two broad categories, known as 501(c)(4) and 501(c)(3) after the relevant sections of the IRS Code. While a 501(c)(4) is subject to taxes on its income, it can follow a broader agenda, including direct participation in political ...
Examples of Non-Profit CorporationThe American Cancer Society is a non-profit organization that aims to raise awareness about cancer and increase funding for cancer research. Oxfam International is a confederation of 20 independent charitable organizations that help people lift themselves out of poverty....
Examples of Conflicts of Interest Self-dealing is the most common type of conflict of interest in the business world. It occurs when a management-level professional accepts a transaction from another organization that benefits the manager andharms the companyor the company's clients. ...
A. Over 700 million people can get clean, safe water through the project. B. Worldwide water shortage has caused the death of millions every year. C. Water shortage can be solved through World Water Week activities. D. One in nine people in the world lacks safe and clean drinking water...
What is a nonprofit corporation? A nonprofit corporation is an organization dedicated to serving the public and is aimed towards particular social causes, such as charitable, educational, or religious matters. Thesetypes of businessesoperate on creating social impact, rather than making a profit. They...