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nonprofit corporation - vertaling naar arabisch
LEGAL ENTITY INCORPORATED FOR PURPOSES OTHER THAN GENERATING PROFITS
Non-profit corporation
nonprofit corporation
شَرِكَةٌ لَانَفْعِيَّة
Public authority
TYPE OF NONPROFIT CORPORATION CHARTERED BY A U.S. STATE GOVERNMENT
Public Authority; Public authority; Public benefit nonprofit corporations; Government authorities; Public benefit nonprofit corporation; Public-benefit non-profit corporation
سلطة عامة
public authority
TYPE OF NONPROFIT CORPORATION CHARTERED BY A U.S. STATE GOVERNMENT
Public Authority; Public authority; Public benefit nonprofit corporations; Government authorities; Public benefit nonprofit corporation; Public-benefit non-profit corporation
السلطة العامة
Definitie
non-profit corporation
n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. A non-profit corporation (also called "not for profit corporation") is formed by incorporators, has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation. Upon dissolution of a nonprofit corporation its assets must be distributed to an organization existing for similar purposes under the "cy pres doctrine." In order for contributions to the corporation to be deductible as charitable gifts on federal income taxes, the corporation must submit a detailed application (with a substantial fee) for an Internal Revenue Service ruling that it is established for one of the specific nonprofit purposes spelled out in the Internal Revenue Code. Informational tax returns must be filed annually with the IRS and the state taxing body. In addition, the state Attorney General may have oversight powers to determine if the corporation is abiding by state laws by limiting its activities to its approved non-profit purposes and not milking the corporation for disguised profits.
See also: charity corporation cy pres doctrine
Wikipedia
Nonprofit corporation
A nonprofit corporation is any legal entity which has been incorporated under the law of its jurisdiction for purposes other than making profits for its owners or shareholders. Depending on the laws of the jurisdiction, a nonprofit corporation may seek official recognition as such, and may be taxed differently from for-profit corporations, and treated differently in other ways.
Voorbeelden uit tekstcorpus voor nonprofit corporation
1. The nonprofit corporation introduced a shared cataloging system in 1'71 for 54 Ohio academic libraries.
2. Citgo‘s offer was refused by the Aleutian Pribilof Islands Association, a Native regional nonprofit corporation representing four eligible villages.
3. The Legal Services Corp., a nonprofit corporation funded by Congress, distributes grants to legal aid groups in all 50 states.
4. The agency recently hired a nonprofit corporation from the West Bank to inventory the land and assets.
5. His wife, Christine, is the hands–on board chairwoman of the nonprofit corporation, Oaks at Rio Bend Inc.