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profit organization is a type of organization that is set up to provide goods and services to the public in a way that does not generate a profit. Nonprofit organizations are established to serve a charitable, educational, religious, or other purpose that benefits the public.
Community-serving nonprofit organizations focus on providing services to the community either globally or locally. Community-serving nonprofits include organizations that deliver aid and development programs, medical research, education, and health services.
How to Fill Out the Form W-9 for Nonprofits Step 1 ? Write your corporation name. ... Step 2 ? Enter your business name. ... Step 3 ? Know your entity type. ... Step 4 ? Your exempt payee code. ... Step 5 ? Give your street address. ... Step 6 ? Give your city, state, and zip code. ... Step 7 ? List account numbers.
Non-profit organizations include churches, public schools, public charities, public clinics and hospitals, amateur sports organizations, political organizations, legal aid societies, volunteer services, organizations, labor unions, professional associations, research institutes, museums, and some governmental agencies.
Nonprofits are formed explicitly to benefit the public good; not-for-profits exist to fulfill an owner's organizational objectives. Nonprofits can have a separate legal entity; not-for-profits cannot have a separate legal entity.