What is a non profit organizaton?
hahaha. it means they dont make money from what they do.
A non-profit is an organization founded for one of several reasons (education, scientific endeavors, etc.) for public support. Contrary to what most people believe, non-profits can in fact make a profit. The difference is that for-profits may then divide up these profits and disburse them among the various officers and directors. You cannot do this in a non-profit. Also, if organizations are looking to be tax-exempt (not subject to federal income tax) then there are various restrictions that are put in place and certain activities that non-profits cannot engage in.
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