Nevada Nonprofit Corporation (NRS82) is a legal entity in the state of Nevada that is formed for charitable, educational, scientific, or religious purposes. It is a type of corporation that is exempt from state and federal income taxes. There are two types of Nevada Nonprofit Corporations: the Public Benefit Corporation and the Nonprofit Mutual Benefit Corporation. The Public Benefit Corporation is designed to provide a public benefit to the community, such as charity, education, religion, or scientific research. The Nonprofit Mutual Benefit Corporation is created in order to provide a benefit to the members of the organization, such as a club, association, or other organization. These types of corporations must observe certain guidelines in order to maintain their non-profit status, such as distributing profits to members, having a board of directors, and filing annual reports with the state of Nevada.