Difference between revisions of "Amendment/0003-Compliance 501c3"

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m (Amendment to Articles 0002: Compliance for 501c3: typo fixed)
(Amendment to Articles 0003: Compliance for 501c3)
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*** [[User:Opticron|Opticron]] 09:25, 10 February 2009 (CST)
 
*** [[User:Opticron|Opticron]] 09:25, 10 February 2009 (CST)
 
*** [[User:Brimstone|Brimstone]] 09:31, 10 February 2009 (CST)
 
*** [[User:Brimstone|Brimstone]] 09:31, 10 February 2009 (CST)
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*** [[User:Jim Shoe|JimShoe]] 09:53, 10 February 2009 (CST)
  
 
== Summary ==
 
== Summary ==

Revision as of 09:53, 10 February 2009

Amendment to Articles 0003: Compliance for 501c3

  • Date Passed:
    • Method Passed: Online Signature of Board Members via Media Wiki System

Summary

Revise Articles to match paragraph provided by the IRS.

Prior Wording

Article II: Duration

The Duration of the corporation is perpetual, unless otherwise stated.


In the event that a movement to dissolve the organization passes, assets may be liquidized to pay off any debt the organization may have accrued. Any remaining assets of the organization must be donated to a charitable, educational, or scientific endeavor.

Article III: Purpose


The corporation has been organized for the following purpose(s):

  • Education
  • Community Collaboration

Amendment to Wording

Article II: Duration

The Duration of the corporation is perpetual, unless otherwise stated.


In the event that a movement to dissolve the organization passes, assets may be liquidized to pay off any debt the organization may have accrued.

Upon the dissolotion of this organization, assets will be distributed for one or more exempt purposes within the meaning of Internal Revenue Code section 501(c)(3) or corresponding section of any future federal tax code, or will be distributed to the federal government, or to a state of local government for a public purpose.

Article III: Purpose


Makers Local 256 is organized exclusively for charitable, scientific and education purposes. The purpose of this organization is:

  • To explore the benefits of productivity through volunteer collaboration
  • Create, Educate, and Learn