Nonprofit organization.
2 C.F.R. § 1108.260
in effectEffective: 2024-07-01Nonprofit organization means any corporation, trust, association, cooperative, or other organization, not including an institution of higher education, that:
(a) Is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest;
(b) Is not organized primarily for profit; and
(c) Uses net proceeds to maintain, improve, or expand the operations of the organization.
Source: eCFRURL: https://www.ecfr.gov/api/versioner/v1/full/2024-07-01/title-2.xmlFetched: 7/26/2026