Bylaws for Delaware 501c3

Sample Bylaws for Delaware 501(c)(3) Compliant with: Delaware Code and IRS code. {Insert Name of Nonprofit Organization} BYLAWS (A 501 (c) (3) Not-for-Profit Corporation) ARTICLE I: NAME The name of this nonprofit corporation is: {Insert Name of Nonprofit Organization}, (hereinafter referred to as the “Corporation”) ARTICLE II: NONPROFIT PURPOSES Section 1. IRC Section 501 (C) […]

State Wise Naming Requirements

States have prescribed a list of permissible/required prefixes or suffixes and the list of terms that cannot be used in the name of a nonprofit organization.(Corporations) Statewise naming rules for corporations State Corporate Designators and other naming requirements Alabama Must use “corporation,” or “incorporated,” or an abbreviation of one of such words. Alaska Must use […]

Other less common types of NPO

Advocacy groups: Organizations formed to influence the legislation or Government policies on particular issues are commonly known as ‘advocacy groups’.  Advocacy groups do not classify as charitable organizations and as such cannot claim tax exemption under section 501(c)(3). Selective tax exemptions are available under different clauses of Section 501 (c) for such organizations. Auxiliary organizations: Organizations […]

Primary types of non-profit organization

Most of  the non-profit organizations in U.S.A operate as : Public Charitable Organizations OR as Private Foundations The rules & regulations for both these categories differ widely. 1) Public charitable organization: An organization that raises funds from the general public or from a variety of funding sources is a public charity. A public charitable organization […]

NPOs: Advantages & Disadvantages

Advantages of starting a non-profit organization Most of the income of a non-profit is exempt from income taxes. The contribution from a donor is also tax exempt in most of the cases. A non profit organization can receive grants or aid in contrast to business entities that have to use loans as a means of […]