What is the meaning of NONPROFIT ORGANIZATION?

one that has committed legally not to distribute any net earnings (profits) to individuals with control over it such as members, officers, directors, or trustees. It may pay them for services rendered and goods provided. Also known as NOT-FOR-PROFIT ORGANIZATION.

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APABarry Goldsmith. (2010). nonprofit organization. Retrieved October 1, 2026, from http://smartdefine.org/nonprofit_organization/definitions/1159297
ChicagoBarry Goldsmith. 2010. "nonprofit organization" http://smartdefine.org/nonprofit_organization/definitions/1159297 (accessed October 1, 2026).
HarvardBarry Goldsmith 2010, nonprofit organization, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/nonprofit_organization/definitions/1159297>.
MLABarry Goldsmith. "nonprofit organization" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/nonprofit_organization/definitions/1159297>
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