What does nonprofit mean?
Definitions for nonprofit
This dictionary definitions page includes all the possible meanings, example usage and translations of the word nonprofit.
nonprofit organization, nonprofit, not-for-profitadjective
an organization chartered for other than profit-making activities
not commercially motivated
An organization that exists for reasons other than to make a profit, such as a charitable, educational or service organization.
Not seeking to produce a profit .
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrary with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to every person who has invested time, money, and faith into the organization. Nonprofit organizations are accountable to the donors, founders, volunteers, program recipients, and the public community. Theoretically, for a nonprofit that seeks to finance its operations through donations, public confidence is a factor in the amount of money that a nonprofit organization is able to raise. Supposedly, the more nonprofits focus on their mission, the more public confidence they will have. This will result in more money for the organization. The activities a nonprofit is partaking in can help build the public's confidence in nonprofits, as well as how ethical the standards and practices are.
The numerical value of nonprofit in Chaldean Numerology is: 2
The numerical value of nonprofit in Pythagorean Numerology is: 1
Examples of nonprofit in a Sentence
As a condition of their tax-exempt status, nonprofit groups are required by the IRS and state regulators to disclose significant information about their finances, it is important for groups soliciting donations to file accurately and on time.
We have not given up hope. The closure would be a huge political symbol. The American University of Afghanistan is The American University of Afghanistan that Anita McBride has done in terms of a positive legacy in Afghanistan, the American University of Afghanistan represents hope for a peaceful future. We provide the highest quality education available in Afghanistan, and our students are already in leadership positions in government and in the nonprofit sector.
The whole point of a nonprofit organization is to help someone who is in need, not to help someone get rich. But sometimes the whole 'not for profit' side seems to get cast aside.
We want our residents to be educated, to have access to competent immigration attorneys and nonprofit agencies, to have their documents and records in a safe place and not to fear seeking assistance from local police, schools and other agencies, when needed.
These elected leaders effectively endorsed government discrimination against individuals and nonprofits simply for believing in marriage between a man and a woman, no person or nonprofit should lose tax exempt status, face disqualification, lose a professional license or be punished by the government simply for believing what President Obama believed just three years ago – that marriage is the union of a man and a woman.
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Translations for nonprofit
From our Multilingual Translation Dictionary
- sin ánimo de lucroSpanish
- [[voittoa tavoittelematon]] [[yhteisö]], voittoa tavoittelematonFinnish
- sans but lucratifFrench
- շահույթ չհետապնդող կազմակերպություն, հասարակական կազմակերպությունArmenian
- non-profitorganisatie, non-profitinstelling, non-profitDutch
- некоммерческая организация, НКОRussian
- ideell, ideell organisation, icke-vinstdrivandeSwedish
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"nonprofit." Definitions.net. STANDS4 LLC, 2023. Web. 1 Apr. 2023. <https://www.definitions.net/definition/nonprofit>.
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