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.
Examples of Not-for-Profit in a sentence
LLIECHE LOMA XXXXX-INLAND EMPIRE CONSORTIUM FOR HEALTHCARE EDUCATION, a California Not for Profit Religious Corporation Date: By: Xxxxxx Xxxxx, M.D. Chief Executive Officer AFFILIATE: COUNTY OF SAN BERNARDINO, DEPARTMENT OF BEHAVIORAL HEALTH Date: By: XxXxxxx Xxxxxx Director COUNTY OF SAN BERNARDINO By Xxxxxx Xxxxxxxxxx, Chair, Board of Supervisors Date: SIGNED AND CERTIFIED THAT A COPY OF THIS DOCUMENT HAS BEEN DELIVERED TO THE CHAIRMAN OF THE BOARD Xxxxx X.
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 means an organization that is exempt from paying taxes under Section 501(c) of the Internal Revenue Code.
Not-for-Profit means a corporation or entity described in the General Not-for- Profit Corporation Act of 1986.
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.