Private nonprofit organization
Private nonprofit organization means an organization:
(1) No part of the net earnings of which inure to the benefit of any member, founder, contributor, or individual;
(2) That has a voluntary board;
(3) That has a functioning accounting system that is operated in accordance with generally accepted accounting principles, or has designated a fiscal agent that will maintain a functioning accounting system for the organization in accordance with generally accepted accounting principles; and
(4) That practices nondiscrimination in the provision of assistance.