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A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, or simply a nonprofit, 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 generate a profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be nonprofit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without having tax-exempt status. Key aspects of nonprofits are their ability to fulfill their mission with respect to accountability, integrity, trustworthiness, honesty, and openness to every person who has invested time, money, and faith into the organization. Nonprofit organizations are accountable to the donors, founders, volunteers, program recipients, and the public community. Theoretically, for a nonprofit that seeks to finance its operations through donations, public confidence is a factor in the amount of money that a nonprofit organization is able to raise. Presumably, the more a nonprofit focuses on their mission, the more public confidence they will gain. This will result in more money for the organization. The activities a nonprofit is partaking in can help build the public's confidence in nonprofits, as well as how ethical the standards and practices are. There is an important distinction in the US between non-profit and not-for-profit organizations (NFPOs); while an NFPO does not profit its owners, and money goes into running the organization, it is not required to operate for the public good. An example is a sports club, whose purpose is its members' enjoyment. The names used and precise regulations vary from one jurisdiction to another. Source: Wikipedia (en)
Works about nonprofit organization 131
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Law No. 119 of November 25, 1935
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Law No. 513 of September 27, 1937
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Law No. 578 of November 9, 1937
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Law No. 60 of August 11, 1947
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Law No. 188 of December 17, 1947
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Law No. 53 of July 30, 1947
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Law No. 157 of November 28, 1947
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Law No. 566 of December 21, 1948
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Law No. 553 of December 18, 1948
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Law No. 311 of July 26, 1948
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Law No. 579 of December 22, 1948
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Law No. 424 of October 7, 1948
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Law No. 531 of December 11, 1948
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Law No. 501 of November 29, 1948
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Law No. 454 of October 27, 1948
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Law No. 597 of December 24, 1948
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Law No. 214 of January 7, 1948
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Law No. 673 of April 21, 1949
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Law No. 888 of October 24, 1949
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Law No. 892 of October 24, 1949
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Law No. 915 of November 13, 1949
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Law No. 1005 of December 24, 1949
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Law No. 1032 of December 30, 1949
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Law No. 929 of November 23, 1949
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Law No. 930 of November 24, 1949
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Law No. 945 of December 3, 1949
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Law No. 965 of December 8, 1949
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Law No. 967 of December 10, 1949
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Law No. 862 of October 13, 1949
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Law No. 880 of October 20, 1949
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Law No. 882 of October 21, 1949
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Law No. 750 of June 27, 1949
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