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fibo-be-le-cb:NotForProfitCorporation

URI

https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/CorporateBodies/NotForProfitCorporation

Label

not-for-profit corporation

Description

corporation approved by its jurisdictional oversight and tax authorities as operating for educational, charitable, social, religious, civic or humanitarian purposes

Superclasses (4)

Usage

Instances of fibo-be-le-cb:NotForProfitCorporation can have the following properties:

PROPERTYTYPEDESCRIPTIONRANGE

Implementation

@prefix cmns-av: <https://www.omg.org/spec/Commons/AnnotationVocabulary/> .
@prefix fibo-be-le-cb: <https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/CorporateBodies/> .
@prefix fibo-be-le-fbo: <https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/FormalBusinessOrganizations/> .
@prefix owl: <http://www.w3.org/2002/07/owl#> .
@prefix rdfs: <http://www.w3.org/2000/01/rdf-schema#> .
@prefix skos: <http://www.w3.org/2004/02/skos/core#> .

fibo-be-le-cb:NotForProfitCorporation a owl:Class ;
    rdfs:label "not-for-profit corporation" ;
    rdfs:isDefinedBy fibo-be-le-cb: ;
    rdfs:subClassOf fibo-be-le-cb:Corporation,
        fibo-be-le-fbo:NotForProfitOrganization ;
    skos:definition "corporation approved by its jurisdictional oversight and tax authorities as operating for educational, charitable, social, religious, civic or humanitarian purposes" ;
    cmns-av:explanatoryNote "A not-for-profit corporation is formed by incorporators, and has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation." ;
    cmns-av:synonym "non-profit corporation" .