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Not-for-profit organization. A not-for-profit or non-for-profit organization ( NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. [ 1] An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.
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.
Wikimedia chapters and thematic organizations are incorporated non-profit organizations. They are recognized by the Foundation as affiliates officially when its board does so. The board's decisions are based on recommendations of an Affiliations Committee (AffCom), composed of Wikimedia community members, which reports regularly to the board ...
BoardSource, formerly the National Center for Nonprofit Boards, is an American nonprofit organization founded in 1988. Its mission is "to inspire and support excellence in nonprofit governance and board and staff leadership".
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency . The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
Form 990. 2022 revision of Form 990. Form 990 (officially, the " Return of Organization Exempt From Income Tax " [ 1]) is a United States Internal Revenue Service (IRS) form that provides the public with information about a nonprofit organization. [ 2] It is also used by government agencies to prevent organizations from abusing their tax-exempt ...
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 ...
A nonprofit may have a delegate structure to allow for the representation of groups or corporations as members. Alternatively, it may be a non-membership organization and the board of directors may elect its own successors. The two major types of nonprofit organization are membership and board-only. A membership organization elects the board ...
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