Non-Profit definition

Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.

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Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51% of the ownership interest in the Development held by the general partner entity and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing.

Non-Profit means a corporation without share capital that has objects of a charitable nature;

Examples of Non-Profit in a sentence

The Subrecipient shall administer its program in conformance with OMB Circulars A-122, “Cost Principles for Non-Profit Organizations,” or A-21, “Cost Principles for Educational Institutions,” as applicable.
The AHFC Timbers Non-Profit Corporation, a Texas non-profit corporation which, will serve as general partner (the “General Partner”) of the Partnership.
Pursuant to Education Code section 47604, AMPS has elected to be formed and to operate as a non-profit public benefit corporation pursuant to the Non-Profit Public Benefit Corporation Law of California (Part 2, commencing with section 5110 et seq.
FCDO will consider requests for payment in advance for Non-Profit Organisations (NPOs) only and subject to approved workplans and mutually agreed assessment of need.
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations (OMB Circular A-133) and the State of Texas Uniform Grant Management Standards (UGMS).

More Definitions of Non-Profit

Non-Profit means any corporation, trust, association, cooperative, or other organization which:

Non-Profit means exempt from taxes under Section 501(c) of the United States Internal Revenue Code.

Non-Profit means a non-profit organization described in Section 501c(3) of the Internal Revenue Code of 1954 which is exempt from taxation under Section 501(c)(3) of that code, or any non-profit educational organization qualified under Section 23701(d) of the Revenue and Taxation Code.

Non-Profit or “not-for-profit” means an entity that is exempt from taxes under United States Internal Revenue Code Section 501(c), 26 U.S.C. 501(c).

Non-Profit. (“Not for Profit” ) – means to be tax-exempt as an organization described in IRC Sections 501(c)(3) of the Code, an organization must be organized and operated exclusively for one of more of the purposes set forth in IRC Section 501(c)(3) and none of the earning of the organization may inure to any private shareholder or individual. In addition, it may not attempt to influence legislation as a substantial part of its activities and it may not participate at all in campaign activity for or against political candidates.

Non-Profit means an entity that is certified as tax-exempt under Section 501(c)(3) of the Internal Revenue Code.