25.345—Nonprofit organization.
Nonprofit organization —
(a)
Means any corporation, trust, association, cooperative, or other organization that—
(1)
Is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest;
(2)
Is not organized primarily for profit; and
(3)
Uses net proceeds to maintain, improve, or expand the operations of the organization.
(1)
Institutions of higher education;
(3)
Tribal organizations other than those included in the definition of “Indian Tribe.”