Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Non-profit organizations

Read a random definition: hot-cargo agreement

A quick definition of Non-profit organizations:

A non-profit organization is a group that is not focused on making money. Instead, they have a specific purpose, like helping people or animals, promoting education, or supporting a cause. Non-profit organizations cannot give money to their members or leaders. They can be set up in different ways, like a corporation or a foundation. Non-profit organizations are exempt from some taxes and may have special legal privileges. They are often run by volunteers and rely on donations to fund their work.

A more thorough explanation:

A non-profit organization is a group that is not focused on making money and does not distribute any of its income to its members, directors, or officers. Non-profit organizations can take many forms, such as corporations, partnerships, foundations, or associations. They are created for specific purposes that are allowed by law, such as religious, charitable, scientific, educational, or public safety goals.

Examples of non-profit organizations include:

  • Churches
  • Public schools
  • Public charities
  • Public clinics and hospitals
  • Political organizations
  • Legal aid societies
  • Volunteer services organizations
  • Labor unions
  • Professional associations
  • Research institutes
  • Museums
  • Some governmental agencies

Non-profit organizations are governed by state law and may be exempt from state taxes and employment programs. They may also have immunity from tort liability or limited tort liability. For federal tax purposes, non-profit organizations are exempt from taxation if they are organized and operated exclusively for specific purposes, such as religious, charitable, scientific, or educational goals.

The Supreme Court has issued several rulings related to non-profits, such as Citizens United v. Federal Election Commission and Advocate Health Care Network v. Stapleton. These rulings have expanded First Amendment protections for non-profit organizations with regard to political speech and eased certain ERISA requirements for relevant religious non-profits.

Overall, non-profit organizations are important for providing services and support to communities and individuals in need, and they operate under specific legal guidelines to ensure their goals are met without the focus on making a profit.

Non-Probate Assets | non-reporting issuer

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
babycat
15:37
bringing this back
HopefullyInLawSchool
15:38
@JazzyGazelle: Did you apply to any other california schools?
15:38
@HopefullyInLawSchool: usc, ucla, and uci! I got an R from UCLA on monday, but USC office told me theyre expecting their first wave next week (I called AGAIN, and this is the latest update unfortunately)
HopefullyInLawSchool
15:39
Did you apply YM to UCI?
15:39
@HopefullyInLawSchool: I go to USC curreently soooo hoping it helps
15:39
@HopefullyInLawSchool: whats YM?
HopefullyInLawSchool
15:39
Your mom
15:39
LMAOOOOO
15:39
I HATE YOU
HAHAHAHAHAHAHAHAHAH ILY
HopefullyInLawSchool
15:39
@JazzyGazelle: I just graduated from CSUN
15:39
UR DONE
what did u say when u called gulc im ab to call them
15:39
you just made me lol in lecture
recentboo
15:40
wait so are we feeling gulc for today
15:40
@recentboo: manifest it. now
Swiftie4Life
15:40
what time does gulc release?
recentboo
15:40
my manifest is bad luck rn after Cornell reserve
Cornell getting freaky asf with wl
i'm on message limit split but i just called and said basically dean andy gave me this estimate for a timeline of when i can expect a decision, and since it's coming up to the end of the timeframe i was wondering if that's solid or is it now more flexible. then if it's possible for me to see what stage my app is at (say that part super politely)
HopefullyInLawSchool
15:41
@JazzyGazelle: USC seems really cool, it's not too far from CSUN, im just worried if I got in even itd be too expensive ):
snow
15:41
100% getting an R from gulc
snow
15:41
just called lol
15:41
@HopefullyInLawSchool: its SO EXPENSIVE FOR NO REASON
HopefullyInLawSchool
15:42
CSUN was like two nickels
JumpySubsequentDolphin
15:42
HE STRIKES AGAIN
Lowkey feel like I messed up my Cornell app w my why Cornell. I think it was a paragraph and just talked about wanting to practice in NYC.
ooooo would it be crazy to call and ask if my application is under review when it hits "complete" just to see if theyll tell me something ab ii
At the time, I thought nothing is better than something but starting to think it wasn't the best strat
snow
15:42
split thats kinda what i did
LSD+ is ad-free, with DMs, discounts, case briefs & more.