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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
Secured Debt Consolidation – An Instant Remedy by Arvind Singh
Oct 23, 2007
Secured Debt Consolidation refers to a method of loan repayment wherein elimination of the debt is undertaken by you on your terms.
This concept introduces the system of collating all your debts, and taking a fresh loan to pay off these debts...
Non Profit Debt Consolidation – For All Your Financial Tensions by Arvind Singh
Oct 19, 2007
People sometimes find hard to pay back the different loans like the home loans, car loans, credit card debts etc. non profit debt consolidation helps the borrower to payback all his loans and then commit himself to just one loan preferable with a fix...
Where Can I Find Home Mortgage Loan Rates And Non Profit Debt Consolidation? by Li Ming Wong
Sep 08, 2007
There are hundreds of debt consolidation companies that will help you pay off your bills by lowering your payments and interest rates. For a fee they will put you on a debt consolidation program to systematically pay off all of your debts. What if yo...
Cell Phone Fundraising by Kimberly Reynolds
Apr 05, 2007
Putting together a cell phone fundraiser for your group is quick and easy. Here are some tips on how to start your program and most importantly, how to collect large amounts of cell phones.
Cell Phone Recycling First, when doing a phone fund...
Down Payment Gifts by Dan Lewis
Jul 12, 2006
One of the biggest hurdles to getting into your first home is the down payment. Down payment gifts represent one way of dealing with this issue.
Down Payment Gifts
Down payments can be one of the hardest things to overcome for first ...
Non-profit Debt Consolidation by Talbert Williams
Feb 21, 2006
Non-profit debt consolidation sources are resources linked to counsel organizations. The organizations are intended to dedicate themselves to informing debtors on how they can get the most of their finances and provide them support to relieving ...
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