Non-profit Corporation Assistance

A nonprofit organization (US) or not-for-profit organisation (UK and elsewhere) (NPO) is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. States in the United States defer to the IRS designation conferred under United States Internal Revenue Code Section 501(c), when the IRS deems an organization eligible.

While not-for-profit organizations are permitted to generate surplus revenues, they must be retained by the organization for its self-preservation, expansion, or plans. NPOs have controlling members or boards. Many have paid staff including management, while others employ unpaid volunteers and even executives who work with or without compensation. Where there is a token fee, in general, it is used to meet legal requirements for establishing a contract between the executive and the organization.

When you want to create a non-profit organization, you need to be in the hands of experienced professionals.

 

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