### Question
Can you define what nonprofit organization means?


### Answer
**Nonprofit organization** is defined as the following in *12 U.S.C. § 1831q*:

> a private organization (including a limited equity cooperative)—


(A) no part of the earnings of which inures to the benefit of any member, shareholder, founder, contributor, or individual

#### Citation:
  - *12 U.S.C. § 1831q*
  - Heading: **CHAPTER 15-FEDERAL LOAN AGENCY**

