Nonprofit means an organization having tax-exempt status pursuant to Section 501(c)(3) of the Internal Revenue Code (IRC).
Nonprofit means a private Nonprofit organization that is organized under State or local laws; has no part of its net earnings inuring to the benefit of any member, founder, contributor, or individual; is neither Controlled By, nor under the direction of, individuals or entities seeking to derive profit or gain from the organization; has a tax exemption from the Internal Revenue Service under section 501(c) (3) or (4) of the Internal Revenue Code of 1986; does not include a public body; has among its purposes the provision of decent housing that is affordable to low-income persons, as evidenced in its charter, articles of incorporation, resolutions or by-laws; and, has at least a one year history of providing affordable housing, and is duly qualified to do business within the State.
Examples of Nonprofit in a sentence
Promoting Excess Food Donation to Nonprofit Organizations (May 2014) (42 U.S.C. 1792).
Promoting Excess Food Donation to Nonprofit Organizations (JUN 2020) (42 U.S.C. 1792).
Non-profit organizations are granted partial exemptions (see B.M.C. section 9.04.305).
If your firm is an LLC, this will be noted on the organizations registration and licensing documents.• Non-profit - An entity which exists for charitable reasons and is not conducted or maintained for the purpose of making a profit.
Promoting Excess Food Donation to Nonprofit Organizations (Jun 2020) (42 U.S.C. 1792).
More Definitions of Nonprofit
Nonprofit means that the residue of income over operating expenses ac- cruing in any activity, project, or pro- gram is used solely for the operation of such activity, project, or program.
Nonprofit means a qualified entity that has a tax exemption ruling from the Internal Revenue Service under section 501 (c)(3) or 501 (c)(4) of the Internal Revenue Code and has been incorporated to operate in the State of South Carolina.
Nonprofit means an entity meeting the requirements for tax-exempt status under the U.S. Internal Revenue Code.
Nonprofit means a nonprofit organization that is exempt from Federal income taxation and that is described in section 501(c)(3) of the Internal Revenue Code.
Nonprofit means that which is exempt from taxation under section 501(c)(3) of the internal revenue code, 26 USC 501.
Nonprofit means without the intention of financial gain, advantage, or benefit as defined by federal tax law.
Nonprofit means a nonprofit corporation as defined and established through Chapter 6 of Title 7 of Rhode Island General Laws, and shall include religious organizations that are tax exempt pursuant to 26 U.S.C. §501(d).