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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.
The society must offer benefits to members, which may include life insurance, medical insurance, scholarships, educational programs, travel opportunities, and discount programs. [111] Revenue generated from providing benefits to non-members must be insubstantial to the society and may be taxable as unrelated business income. [112]
[37] [38] A private nonprofit organization, GuideStar, provides information on 501(c)(3) organizations. [39] [40] ProPublica's Nonprofit Explorer provides copies of each organization's Form 990 and, for some organizations, audited financial statements. [41] Open990 is a searchable database of information about organizations over time. [42]
A membership organization is any organization that allows people or entities to subscribe, and often requires them to pay a membership fee or "subscription". [1] Membership organizations typically have a particular purpose, which involves connecting people together around a particular activity, geographical location, industry, activity, interest, mission, or profession. [2]
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.
A participating museum may receive benefits that can outweigh a potential reduction in direct admissions fees. Access to reciprocal membership privileges is usually reserved for membership levels higher than a basic membership, and participating museums have found that membership revenues may increase after announcement of a reciprocal program.
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The National Volunteer Fire Council (NVFC) is the leading 501(c)(3) nonprofit membership association representing the interests of the volunteer fire, EMS, and rescue services. Founded in 1976, the NVFC serves as the voice of the volunteer in the national arena and provides tools, resources, programs, and advocacy for first responders across ...