Nonprofit organization definition

Nonprofit organization means a university or other institution of higher education or an organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1954 (26 U.S.C. 501(c) and exempt from taxation under section 501(a) of the Internal Revenue Code (25 U.S.C. 501(a)) or any nonprofit scientific or educational organization qualified under a state nonprofit organization statute.

Nonprofit organization means an organization that is exempt from federal income taxation pursuant to Section 501(a) of the Code and described in Section 501(c) of the Code and that has as one of its designated activities, as indicated on United States Internal Revenue Service form 1023 "recognition of exemption", an activity that is directly related to the purposes for which grants may be issued under Revised Code Sections 164.20 through 164.27 as described in divisions (A) and (B) of Revised Code Section 164.22

Nonprofit organization means any agency, institution or organization which is, or is owned and operated by, one or more corporations or associations, no part of the net earnings of which inures, or may lawfully inure, to the benefit of any private shareholder or individual and which has a territory of operations that may extend to a neighborhood, community, region or the State.[PL 1983, c. 459, §6 (NEW).]

Examples of Nonprofit organization in a sentence

• Section 136.001, Education Code, is amended by 20-46 amending Subdivision (1) and adding Subdivision (1-a) to read as 20-47 follows:20-48 (1) "Coordinating board" means the Texas Higher 20-49 Education Coordinating Board.20-50 (1-a) "Nonprofit organization" means an organization 20-51 exempt from federal income taxation under Section 501(a), Internal 20-52 Revenue Code of 1986, as an organization described by Section 20-53 501(c)(3) of that code.20-54 SECTION 48.

• The Nonprofit and/or parent Nonprofit organization shall have, as one of its tax-exempt purposes, the fostering of low-income housing and shall have been so engaged for the two years prior to the Application submission date.

• Sections 2001.002(19) and (25-a), Occupations Code, are amended to read as follows: (19) "Nonprofit organization" means an unincorporated association or a corporation that is incorporated or holds a certificate of authority under Chapter 22, Business Organizations Code [the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon s’ Texas Civil Statutes)].

More Definitions of Nonprofit organization

Nonprofit organization means an organization, or group of organizations, described in section 501(c)(3) of the "Internal Revenue Code of 1954," and exempt from income tax under section 501(a) of that code.

Nonprofit organization means any corporation, trust, association, cooperative, or other organization, not including IHEs, that:

Nonprofit organization means a domestic university or other institution of higher education or an organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1954 (26

Nonprofit organization means an organization qualified to do business in California and qualified under Section 501(c)(3) of Title 26 of the United States Code.

Nonprofit organization means an organization described in section 501 (c) (3) of the Internal Revenue Code which is exempt from federal income tax under section 501 (a) of the Internal Revenue Code.

Nonprofit organization means a corporation qualifying as a 26 U.S.C. section

Nonprofit organization means any person that is, or is represented to be, a