Nonprofit institution

Nonprofit institution means any institution, organization, or association, whether incorporated or unincorporated -
(1) The net earnings of which do not inure or may not lawfully inure to the benefit of any private shareholder or individual; and
(2) That has been determined by the Internal Revenue Service to be tax-exempt under section 501(c)(3) of title 26.

Source

34 CFR § 12.2

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Scoping language

Definitions in the Act. The following terms used in this part are defined in section 472 of the Act:

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