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A non-profit organization (abbreviated "NPO", also "not-for-profit") is a legally constituted organization whose objective is to support or engage in activities of public or private interest without any commercial or monetary profit. In many countries some NPOs will be charities, but there will also be many NPOs which are not charitable organizations. Whereas profit-making corporations exist under the premise of earning and distributing taxable business earnings to shareholders, the non-profit organization exists primarily to provide programs and services that are of benefit to others and might not be otherwise provided by local, state, or federal entities. While they are able to earn a profit, more accurately called a surplus, such earnings are retained by the organization for its future provision of programs and services, and are not owned by nor distributed to individuals or stake-holders. In the United States, the laws governing charitable non-profits are based around the Internal Revenue Code, Section 501(c)(3) and the tax-deductible contribution guidelines of Section 170. Corporations classified as such, with gross receipts over $25,000, must report financial activity annually to the IRS, by means of a Form 990. The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; lessening neighborhood tensions; eliminating prejudice and discrimination; defending human and civil rights secured by law; and combating community deterioration and juvenile delinquency. NPOs can attain tax exempt status but such status is not automatic. Many non-profits are operated by either volunteers, paid staff or a combination of both, usually reserving the senior executive positions to paid personnel while the entry-level and field positions are frequently held by volunteers. Additionally, an NPO may have members or participants or beneficiaries or students etc. as opposed to customers in for-profit organizations. They require a board of directors, governance in accord with by-laws or an organizing document, such as a charter or declaration of trust.
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Non-profit Organization Subcategories
Non-profit Organization Articles
Christian Debt Consolidation Services - Improve Your Financial Health by apurva shree
Jun 22, 2007
Christian debt consolidation services help people to learn to curtail spending, reduce debts and control money through negotiation and advice. The services provide counsel on the different ways out of debt, and or how to decrease monthly bills. The c...
Wine Tasting Fundraiser by Kimberly Reynolds
Oct 31, 2006
Looking for tips on organizing a wine-tasting fundraiser? Here are some ideas on organizing your fundraising event in order to maximize your proceeds.
Obviously, a wine-tasting event needs wine experts, so begin by seeking suitable merc...
Fundraising With Food by Kimberly Reynolds
May 17, 2006
Fundraising with food has been a long time favorite for sports team fundraising. It is effective, provides something most people like and are willing to pay for, and the variety is vast. Whatever type of food fundraiser you choose for your team...
Top 7 fundraising ideas by Jennifer Carter
May 03, 2006
Have you been given the job of organising a fundraising event and are stuck for ideas? Here's seven great and simple ideas that you can organise:-
Cookie Dough fundraisers
This is an ideal fundraiser for all times of th...
non-profit, community based, environmental website in the works by James Dvorak Jr
Jan 26, 2006
AirAndAqua.com has released a statement noting that they are in the works of putting together a community driven website that focuses on the release of news as well as the discussion of environmental topics. Every day, news relating to impor...
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