Private Nonprofit Organization Law and Legal Definition

Private nonprofit organization means “an organization, no part of the net earnings of which inures to the benefit of any member, founder, contributor, or individual; that has a voluntary board; that has an accounting system or has designated an entity that will maintain a functioning accounting system for the organization in accordance with generally accepted accounting procedures; and that practices nondiscrimination in the provision of assistance.” [32 CFR 176.5; Title 32-National Defense; Subtitle A-Department Of Defense; Chapter I-Office Of The Secretary Of Defense; Subchapter H-Closures And Realignment; Part 176-Revitalizing Base Closure Communities And Community Assistance-Community Redevelopment And Homeless Assistance]