Nonprofit Purpose Examples

State:
Multi-State
Control #:
US-0587-WG
Format:
Word; 
Rich Text
Instant download

Description

The document outlines the restatement of purpose for a nonprofit corporation, emphasizing the organization's commitment to charitable, religious, and educational purposes as defined under Section 501(c)(3) of the Internal Revenue Code. Key features include a prohibition on profit distribution to individuals associated with the corporation, ensuring that earnings are used solely for the stated nonprofit objectives. The form delineates the conditions under which the corporation can operate, including restrictions on political activities and lobbying efforts, which are critical for maintaining tax-exempt status. It also discusses the allocation of assets upon dissolution, mandating that all assets be directed exclusively toward exempt organizations. Filling out this form requires accurate representation of the organization's purpose, observance of IRS guidelines, and adherence to state regulations. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in nonprofits, providing them with a clear template to articulate the organization's mission while ensuring compliance with legal requirements. This reinforces the organization's eligibility for tax-deductible contributions and preserves its tax-exempt status.
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  • Preview Bylaw Provision For Obtaining Federal Nonprofit Status Article Restatement of Purpose
  • Preview Bylaw Provision For Obtaining Federal Nonprofit Status Article Restatement of Purpose

How to fill out Bylaw Provision For Obtaining Federal Nonprofit Status Article Restatement Of Purpose?

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FAQ

Here is an example of an article containing the purpose statement for a California nonprofit public benefit corporation: This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. Purpose Statement ? Nonprofit Articles of Incorporation Nonprofit Law Blog ? purpose-statement-arti... Nonprofit Law Blog ? purpose-statement-arti...

Make it concise A well-crafted mission statement should also be brief and to the point. This is often one of the hardest tasks, but try to keep your nonprofit mission statement at 5-15 words, 20 words max. Avoid words > 12 letters or 4 syllables long and don't use more than a 1-word string (A, B, and C).

The purpose statement should generally be fifty words or less, allowing it to be specific, memorable, and easy to share with others. It should be broad enough to allow for growth and program expansion, yet narrow enough to demonstrate tax-exempt qualification and to shape organizational decision-making. Nonprofit Corporate Purpose Statements: Legal Compliance ... Wagenmaker & Oberly ? blog ? nonprofit-c... Wagenmaker & Oberly ? blog ? nonprofit-c...

The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; or maintenance of public buildings, monuments, or works; lessening the burdens of government; lessening ... "Charitable" Purposes | Internal Revenue Service irs.gov ? charities-non-profits ? charitable-p... irs.gov ? charities-non-profits ? charitable-p...

Your purpose statement articulates the purpose of your nonprofit. But mission statements only answer one question about the organization. Another common approach is to add a few words that explain how you will accomplish your mission. Guide to refining & defining your nonprofit mission statement BryteBridge Nonprofit Solutions ? Nonprofit Education BryteBridge Nonprofit Solutions ? Nonprofit Education

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Nonprofit Purpose Examples