As applied to any private entity, no part of the net earnings of such entity accrues or may lawfully accrue to the benefit of any private ...
Non-profit organisations are those which are driven by non-financial organisational objectives, ie other than for profit or shareholder return. may refer to an organization or the entire sector. Non-profit means not conducted or maintained for the purpose of making a profit. Instead, it operates to serve a public good. ... An organization that operates in a not-for-profit manner and are classified under the tax code as 501(c)(3). Palm Beach County public schools are non-profit, tax exempt entities. A nonprofit organization is a philanthropic organization in which the staff are all volunteer. A "non-profit" corporation is one not designed primarily to pay dividends on invested capital. [Bl] 501(c) is a provision of the United States Internal Revenue Code (), listing twenty-eight types of non-profit organizations exempt from some Federal income taxes. Sections 503 through 505 list the requirements for attaining such exemptions. ...
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