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A mutual-benefit nonprofit corporation or membership corporation is a type of nonprofit corporation in the US, similar to other mutual benefit organizations found in some of common law nations, chartered by government with a mandate to serve the mutual benefit of its members. A mutual-benefit corporation can be non-profit or not-for-profit in ...
A 501 (c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501 (c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501 (c) for definitions ...
Despite this emphasis, most organizations have non-discrimination membership policies. Fraternity is usually understood to mean a social organization composed only of men, and sorority one of women, although many women's organizations and co-ed organizations also refer to themselves as fraternities.
t. e. United States non-profit laws relate to taxation, the special problems of an organization which does not have profit as its primary motivation, and prevention of charitable fraud. Some non-profit organizations can broadly be described as "charities" — like the American Red Cross. Some are strictly for the private benefit of the members ...
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501 (c) (3) organization. A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [ 1] in the US.
Definition. Whether or not a group of people is an unincorporated association is not always clear. A summary definition is. a group of people. gathered for a common purpose. but not for profit. intending to create a legally binding relationship between themselves. There is no statutory definition of an unincorporated association, [2] so it has ...
t. e. The National Pan-Hellenic Council ( NPHC) is a collaborative umbrella council composed of historically African American fraternities and sororities, commonly called the Divine Nine, and also referred to as Black Greek Letter Organizations ( BGLOs ). The NPHC was formed as a permanent organization on May 10, 1930, on the campus of Howard ...