Form with which the board of directors of a corporation records the contents of its annual meeting.
Annual Board Directors Template For Nonprofit Organizations In Massachusetts
State:
Multi-State
Control #:
US-0006-CR
Format:
Word;
Rich Text
Instant download
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FAQ
Every non-profit corporation organized under the laws of the commonwealth must file a non-profit annual report with the Corporations Division on or before November 1st of each year. M.G.L.A. c180 § 26A; 950 CMR § 106.13.
If your organization receives more than 10 percent but less than 33-1/3 percent of its support from the general public or a governmental unit, it can qualify as a public charity if it can establish that, under all the facts and circumstances, it normally receives a substantial part of its support from governmental ...
One crucial step in how to start a nonprofit in Massachusetts is forming a board of directors. The state requires every nonprofit to have at least three board members, the majority of whom should not be related by blood or marriage.
Nonprofits must have at least three board members when they form. Many boards have more than the minimum three.
To reduce risk, most nonprofits take special care to enact the 49% rule. That means that the percentage of board members that are considered interested directors is limited to less than half of the total number of members.
Initially, to form the nonprofit, three directors are sufficient. In fact, in Massachusetts, one person is sufficient to form a nonprofit corporation, but this is not recommended for a nonprofit that plans to seek tax-exempt status.
If your organization has total gross revenue of at least $500,000 but less than $1,000,000 for a given fiscal year, it must file either audited or reviewed financial statements for that year. If the organization has gross revenue of $1,000,000 or more, only audited financial statements are acceptable.
Every non-profit corporation organized under the laws of the commonwealth must file a non-profit annual report with the Corporations Division on or before November 1st of each year. M.G.L.A. c180 § 26A; 950 CMR § 106.13.
Who Must File a Form PC? Every public charity organized or operating in Massachusetts or soliciting funds in Massachusetts must file a Form PC, except organizations which hold property for religious purposes or certain federally chartered organizations.
