non-profit organization
DefinitionAn incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially. Any money earned must be retained by the organization, and used for its own expenses, operations, and programs. Many non-profit organizations also seek tax exempt status, and may also be exempt from local taxes including sales taxes or property taxes. Well-known non-profit organizations include Habitat for Humanity, the Red Cross, and United Way. also called not-for-profit organization.
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Related Terms
Articles of Association, Board of Trustees, NAIC, National Association of Investors Corporation, 501-(C)(3) bond, Investment Counsel Association of America (ICAA), National Foundation for Credit (NFCC), Philippine Stock Exchange
non-profit organization appears in the definitions of these other terms on BusinessDictionary.com
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