Article IV: Not-For-Profit Status

  1. This Corporation is not organized for a pecuniary profit or financial gain and no part of its assets, income or profits shall be distributed to, inure to the benefit of its members, directors, trustees or officers except to the extent permitted under the Not-for-Profit Corporation law. The Corporation is organized under Internal Revenue Code 501 (c) (3).
  2. No part of the net earnings of the Corporation shall inure to the benefit of any member, trustee, director, officer of the Corporation, or any private individual (except that reasonable compensation may be paid for services rendered to or for the Corporation in connection with the furtherance of the aforementioned purposes and the management of its affairs), and no member, trustee, officer of the Corporation or any private individual shall be entitled to share in the distribution of any corporate assets on dissolution of the Corporation.
  3. No substantial part of the activities of the Corporation shall be carrying on propaganda, or otherwise attempting to influence legislation (except as otherwise provided by Internal Revenue Code Section 501 (h)), or participating in, or intervening in (including the publication or distribution of statements), any political campaign on behalf of any candidate for public office.
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