Definition of «nonprofit corporation»

A nonprofit corporation is an organization that operates for charitable, educational, religious, or public service purposes. It is different from a regular corporation because it does not aim to make a profit for its owners or shareholders. Instead, any money earned or received is used to support its mission and programs for the benefit of society.

Sentences with «nonprofit corporation»

  • Her organizational consultation practice includes work with family - owned and other privately - owned businesses and professional practices, as well as with a range of nonprofit corporation and municipal entities. (pabar.org)
  • But his role with the new nonprofit corporation that submitted a bid last week for the contract has thrown fuel on an already controversial issue. (articles.chicagotribune.com)
  • It obliquely chided Mr. DiNapoli for weighing in — quite responsibly — on alleged corruption in the Cuomo administration's use of nonprofit corporations in State University of New York projects. (timesunion.com)
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