### Question
How is the "nonprofit organization" defined?


### Answer
The term **nonprofit organization** is defined in *12 U.S.C. § 1831q* as follows -

> 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 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

