Question

Question 4
Not-for-profit organizations are?

Answer 1

Not-for-profit is a broad term for organizations that do not generate profit for their owners. All money generated by the not-for-profit business must be reinvested back into running it. Unlike nonprofits, not-for-profits are not required to operate specifically for the benefit of the public or the advancement of a social cause. A not-for-profit can simply operate to serve the goals or special interests of its members. For example, recreational sports clubs can operate as a not-for-profit.

Answer 2

a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.