The purpose of IRS Form 1023, also known as the "Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code," is to provide the Internal Revenue Service (IRS) with...
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Subject to the direction of the Board of Directors, the Treasurer shall: oversee all financial matters of the Corporation; ensure that the employees and other agents of the Corporation cause to be...
Name A Massachusetts Nonprofit Corporation BYLAWS ARTICLE I The Corporation Section 1. Name and Purposes. The name and purposes of the Corporation shall be as set forth in the...
The meaning of nonprofit or not-for-profit is that no person either through ownership or control can derive profit from the organization. Exempt on the other hand is a reference to an organization's...
(Revised December 2017) Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code Note: Retain a copy of the completed Form 1023 in your permanent records....
Conflicts of interest are rooted in the fiduciary duty of loyalty owed by directors and officers to their nonprofit corporations. The duty of loyalty requires directors and officers to act at all...