Not-for-Profit means that an organization receives compensation only for the reasonable costs of its operation, including reasonable compensation for products and services provided to Members to enable them to use Medical Cannabis pursuant to Health and Safety Code Sections 11362.7 et seq.; reasonable compensation for employees; reasonable out-of-pocket expenses incurred in providing those products or services, or both. Reasonable out-of-pocket expenses may include, but are not necessarily limited to, reasonable expenses for Member services and education, rent or mortgage, utilities, construction, furniture, maintenance, analytic testing, security, professional service costs, regulatory compliance costs, debt service, and reserves.
Not-for-Profit means an entity formed not for pecuniary profit or financial gain and for which no part of its assets, income or profit is distributable to, or inures to the benefit of, its members, directors or officers.
Not-for-Profit means any person included under sections 401(a), 501(c), and 501(d) of the internal revenue code.
More Definitions of Not-for-Profit
Not-for-Profit means that the proceeds of the organisation are used for the benefit of the organisation and are not available for disbursement to the members of the organisation.
Not-for-Profit means an organisation that does not operate for the profit or gain of its individual members, whether these gains would have been direct or indirect. This applies both while the organisation is operating and when it winds up.
Not-for-Profit means establishing, maintaining, or Doing Business for purposes other than making a profit.
Not-for-Profit. ’ organization 1 means an
Not-for-Profit. Entity: A licensing Entity that is either registered as a non-profit or not-for-profit organisation, and whose statutes or by-laws ensure democratic participation amongst all members in the decision-making processes. Founders or members of a Not-For-Profit Entity are not permitted to make a profit or benefit from the net earnings of the organization.
Not-for-Profit. Not-for-Profit shall mean a not-for-profit corporation organized under the laws of New York State, or another state, in good standing and authorized to do business in New York State, and recognized by the Internal Revenue Service as a 501(c)(3) organization.
Not-for-Profit means a business entity that is granted tax exempt status by the internal revenue service.