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Logo of the United Nations Children's Fund (UNICEF), an organization of the United Nations. 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.
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 ]
Regionally accredited schools were usually academically oriented and most were non-profit. Nationally accredited schools, a large number of which are for-profit, typically offered specific vocational, career, or technical programs. Regionally accredited institutions employed large numbers of full-time faculty, and the faculty set the academic ...
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The adoption of the concept of a global society, by educators, has led to a growth in the non-governmental (NGO) and non-profit sector. [31] The idea of a global citizen arose with the following characteristics: Global Citizens know about and have contact with NGOs; Global citizens' education orients them towards participation in NGOs
For-profit colleges that became non-profit colleges [ edit ] Conversions from for-profit to nonprofit are legitimate when the assets and income are fully committed to the educational purpose, and control by private interests is eliminated.
Among degree-granting four-year institutions, 2,095 were private out of 2,832 (74%), of which 1,581 (75%) were non-profit and 514 (25%) were for-profit. [ 39 ] Tuition at private universities tends to be higher than at public universities , though many private universities offer financial aid as well. [ 40 ]
Nonprofit studies or nonprofit management is a multidisciplinary field of teaching and research that focuses on practices of the nonprofit sector and can date back to the 1920s. [1]