A nonprofit organization is defined as "a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers." (Cornell Law School, Legal Information Institute). Nonprofits are organized under their respective state laws and vary greatly in their missions. Most commonly, however, a nonprofit organization is driven by a dedication to a social cause. Examples of nonprofits include, but are not limited...
By: Baker Donelson
By: Baker Donelson