Definitions for "Nonprofit"
An organization, usually a corporation or trust, formed not for private gain but for public or mutual benefit purposes. These organizations are exempt from taxes. Contributions to public benefit organizations (called 501(c)(3) organizations) are usually tax deductible for donors. Contributions to other types of nonprofits (mutual benefit organizations, business leagues, sports clubs, etc.) are usually not tax deductible to donors.
an organization that is set up in a legal matter so as not to pay tax
an organization whose income is not used for the benefit or private gain of persons with an interest in the organization, as designated by the Internal Revenue Service
Keywords:  motivated, commercially
not commercially motivated
Keywords:  shut, hire, skills, don't, down
a business, and if you don't hire people with business skills, you will shut down
Keywords:  pursuing, simply, goal, common, group
a common interest group, which is simply a group of individuals pursuing a common goal
Information related to nonprofit development, management, and leadership.