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A nonprofit organization (NPO), also known as a nonbusiness entity, [ 1 ]nonprofit institution, [ 2 ] or simply a nonprofit, [ a ] is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners.
The online store GoodwillFinds.com allows consumers to search by category, trend, price and donation location, and leverages AI to recommend pricing and enable personalization. GoodwillFinds is a separate entity from Goodwill Industries International, but is a non-profit organization and shares the same mission as Goodwill.
According to the UN, an NGO is a private, not-for-profit organization which is independent of government control and is not merely an opposition political party. [65] The rapid development of the non-governmental sector occurred in Western countries as a result of the restructuring of the welfare state.
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 ...
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.
The Labor and Employment Relations Association (LERA) was founded in 1947 as the Industrial Relations Research Association. LERA is an organization for professionals in industrial relations and human resources. Headquartered at the School of Labor and Employment Relations at the University of Illinois at Urbana–Champaign, the organization has ...
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