A Nonprofit Corporation Is A

A nonprofit corporation is a:

A) corporation that has never made a profit.
B) corporation that does not intend to make a profit.
C) corporation formed for charitable, educational, religious or scientific purposes that cannot make a profit.
D) corporation formed for charitable, educational, religious or scientific purposes that can make a profit, although any profit generated may not be distributed to its members, officers or directors.
E) corporation formed only for charitable purposes.