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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 ] [ 2 ] While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. [ 3 ]
The DMV is part of the California State Transportation Agency. It is headquartered in Sacramento and operates local offices in nearly every part of the state. As of December 2017, the DMV employed over 8,900 people—35% at headquarters and 65% at 172 field offices (and various other locations). [2]
Directors and officers of non-profits owe a fiduciary duty to the non-profit and its beneficiaries similar to the duties owed by directors and officers of for-profit corporations. [6] Non-profits can have vicarious liability for injuries caused by their employees or volunteers to third parties, such as by traffic accidents. For this reason it ...
A public-benefit nonprofit corporation [1] is a type of nonprofit corporation chartered by a U.S. state government and organized primarily or exclusively for social, educational, recreational or charitable purposes by like-minded citizens.
A shift to being a for-profit company would mark a drastic reversal in governance structure for the AI pioneer, which was founded in 2015 as a non-profit AI research lab. However, the move would ...
Duties of the DMV include enforcement of state and federal laws regarding motor vehicles. Many departments have sworn law enforcement officers who enforce DMV regulations that are codified in state law. In North Carolina, for example, the DMV contains an element known as "License and Theft." Stolen motor vehicles are tracked down by "Inspectors ...
In California, "[t]he amendment, S.B. 1301, changes existing law (found under Corporations Code Sections 2500–3503) [1] to emphasize the social-purpose nature of the flexible purpose corporations, most notably by changing its name to the "Social Purpose Corporation".
Vista College-locations in Texas, New Mexico, and Arkansas; closed 2021; Westwood College – multiple locations; closed 2016; Wood Tobé-Coburn School – New York City, New York; closed 2017; Wright Career College, converted to non-profit in 1995, closed in 2016. [11]