what does it mean to be a nonprofit
Nonprofit organization A nonprofit organization (NPO), also known as a non-business entity[1] or nonprofit institution,[2] is dedicated to furthering a particular social cause or advocating for a shared point of view. In economic terms, it is an organization that uses its surplus of the revenues to further achieve its ultimate objective, rather than distributing its income to the organization's shareholders, leaders, or members. Nonprofits are tax exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.
Phi Beta Sigma Today, Phi Beta Sigma has blossomed into an international organization of leaders. The fraternity has experienced unprecedented growth and continues to be a leader among issues of social justice as well as proponent of the interests of minority communities, the needy, the oppressed, and the youth. No longer a single entity, the Fraternity has now established the Phi Beta Sigma Educational Foundation, the Phi Beta Sigma Housing Foundation, the Phi Beta Sigma Federal Credit Union, a notable youth auxiliary program, "The Sigma Beta Club," and the Phi Beta Sigma Charitable Outreach Foundation.