Bylaws Sample For Nonprofits
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How to fill out Sample Bylaws For A New York Professional Service Corporation?
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FAQ
Although the words can be used differently by different groups, the simplest way to distinguish between them is to think of "not-for-profit" as an activity, like reading a book. The term "nonprofit" refers to an organization that is not intended to make a profit, like an adult literacy group.
Mainly, is it non-profit or nonprofit? Clearly, the debate is a hot one, as there are varying opinions even in well-established dictionaries; whereas the Oxford English Dictionary uses the hyphenated version, the New Oxford Dictionary of North America recognizes the unhyphenated.
These terms are often used interchangeably, but they all mean different things. Nonprofit means the entity, usually a corporation, is organized for a nonprofit purpose. 501(c)(3) means a nonprofit organization that has been recognized by the IRS as being tax-exempt by virtue of its charitable programs.
Grammarians would likely argue that use of the term in it's hyphenated form indicates its placement as an adjective, describing a following noun. For example, the non-profit business model is growing in its popularity. In its unhyphenated form, the term is used as a noun.