§ 25.345 - Nonprofit organization.

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Nonprofit organization—

Means any corporation, trust, association, cooperative, or other organization that—

Is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest;

Is not organized primarily for profit; and

Uses net proceeds to maintain, improve, or expand the operations of the organization.

Includes nonprofit—

Institutions of higher education;

Hospitals; and

Tribal organizations other than those included in the definition of “Indian Tribe.”