Not-for-Profit Entities

GPTKB entity

Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:organization
gptkbp:accountingStandards FASB ASC 958 in the United States
gptkbp:alsoKnownAs gptkb:Nonprofit_Organizations
gptkbp:differenceFromForProfit Do not operate to generate profit for owners
gptkbp:differenceFromGovernment Not part of government
gptkbp:example gptkb:Foundations
Educational institutions
Religious organizations
Charities
Social clubs
gptkbp:financialReporting Required to report financials to government agencies
gptkbp:fundedBy Grants
Donations
Membership fees
Fundraising activities
gptkbp:governingBody Managed by board of directors or trustees
https://www.w3.org/2000/01/rdf-schema#label Not-for-Profit Entities
gptkbp:IRSCode 501(c) in the United States
gptkbp:legalForm gptkb:company
gptkb:organization
gptkb:train
gptkbp:mission Focus on social, educational, religious, or charitable goals
gptkbp:ownedBy No private ownership
gptkbp:profitDistribution Do not distribute profits to owners or members
gptkbp:publicBenefit Primary goal is public benefit, not profit
gptkbp:purpose Serve public or community benefit
gptkbp:regulates Subject to specific government regulations
gptkbp:surplusUse Reinvested in organization’s mission
gptkbp:taxStatus May be tax-exempt
gptkbp:volunteerInvolvement Often rely on volunteers
gptkbp:bfsParent gptkb:ASC_718
gptkbp:bfsLayer 7