A group, organization, institution or corporation formed to provide goods and/or services for a charitable, educational, religious, literary or scientific purpose. Nonprofits' assets are usually donated by companies, foundations or individuals who do not expect to be repaid. These contributions are tax deductible.
If a nonprofit meets the requirements of the Internal Revenue Service's Code, section 501(c)(3), it can obtain tax-exempt status, and does not pay federal or state income taxes
Non-profit can be spelled more than one way (e.g., nonprofit or non-profit).
You can search databases using the Boolean OR to retrieve more. For example: (nonprofit or non-profit or not-for-profit) AND management.
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Nonprofit organizations with 501(c)(3) status are required to file Form 990, Return of Organizations Exempt from Income Tax, with the IRS. The form includes financial statements and background information on the nonprofit, including salaries of key employees (i.e. director, head, officers).
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The following articles are great resources for your project this quarter. Make sure you read them and incorporate your learning into the assignments.