Olympic Committee Of Serbia And Montenegro
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Olympic Committee Of Serbia And Montenegro
The Olympic Committee of Serbia and Montenegro ( sr, Олимпијски комитет Србије и Црне Горе / ''Olimpijski komitet Srbije i Crne Gore'') was the non-profit organization representing athletes from Serbia and Montenegro in the International Olympic Committee. It was founded in 1992 when the olympic committee of newly formed Federal Republic of Yugoslavia (constituted by Serbia and Montenegro in 1992) kept the name, the Yugoslav Olympic Committee, that of the committee of the previous country, Socialist Federative Republic of Yugoslavia. In 2003 country of FR Yugoslavia changed the name to Serbia and Montenegro which was followed by the name change of its olympic committee, renaming it to Olympic Committee of Serbia and Montenegro. During the dissolution of the State Union of Serbia and Montenegro after Montenegrin independence referendum in 2006, Montenegrin Olympic Committee was formed and the Olympic Committee of Serbia was restored as the legal suc ...
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Non-profit Organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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