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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 ]
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 non-governmental (private) legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to ...
Charters can be run as either non-profit or for-profit institutions. However, there are some for-profit management organizations that hold charters, though these are only allowed in Arizona. [3] Only non-profit charters can receive donations from private sources, just the same as traditional public schools. [4]
In most states, the charter-holder has the privileges and responsibilities of a school board, but not the taxing authority. Many states have adopted laws that require that the holder of the school charter be a non-profit organization. As a result, the most common form of a charter management organization is a 501(c)(3) non-profit organization ...
Ashford University became non-profit in 2018 and was subsequently acquired by the University of Arizona in 2020. Baker College in Michigan became nonprofit in 1977. Bryant & Stratton College – multiple locations. The school has converted to nonprofit. [15]
A school district is a special ... districts 34 and 41 in Kowloon and districts 11 and 12 in Hong Kong Island are considered the ... a non-profit organization ...
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Charter schools are publicly funded schools that operate independently from their local district. [5] Charter schools are often operated and maintained by a charter management organization (CMO). CMOs are typically non-profit organizations and provide centralized services for a group of charter schools. [6]