A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organizations. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.
The proper form and necessary content of articles or certificates of incorporation for a nonprofit corporation depend largely on the requirements of the state nonprofit corporation act in the state of incorporation. Typically nonprofit corporations have no capital stock and therefore have members, not stockholders. Because federal tax-exempt status will be sought for most nonprofit corporations, the articles or certificate of incorporation must be carefully drafted to include specific language designed to ensure qualification for tax-exempt status.
Not Profit Organization File With Example
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How to fill out Articles Of Incorporation, Not For Profit Organization, With Tax Provisions?
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Whether it is a board member, administration, or program staff, their roles and relationships must be clearly defined. The nonprofit organization structure is divided into three main functional areas: Governance, Administration, and Programs.
Non-profit organizations include churches, public schools, public charities, public clinics and hospitals, amateur sports organizations, political organizations, legal aid societies, volunteer services, organizations, labor unions, professional associations, research institutes, museums, and some governmental agencies.
When speaking about NPO's the public spells them many ways. This includes nonprofit, non-profit and also non profit. While it is acceptable to use any of these versions the most widely accepted spelling is nonprofit all one word.
Examples of not-for-profit entities include community organizations, sports leagues and social clubs such as college fraternities and sororities, as well as business leagues like chambers of commerce who provide services to dues-paying members.
Top-down The top-down chart is probably the easiest to follow and works best in smaller organizations with limited staff. The Board and Executive Director will hold the top two positions with other staff placed below depending on their roles.