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IRS Conflict of Interest Statement

16 years 5 months ago #140825 by Kayla
Replied by Kayla on topic RE: IRS Conflict of Interest Statement
Thank you! So JHB, I am not clear where this (long) policy statement goes. Do you place it in your bylaws? It has its own numbering- do you change all of that and "stick it into" your bylaws somewhere? Or is this an attachment to the bylaws? As always, I am hoping to get this 501(c)(3) submission right the first time, so I can get it cleanly behind us!! Your help is appreciated!

Critter- thank you for posting your "IRS Approved" bylaws. Am I assuming correctly that if your Articles of Incorporation include the proper IRS wording for

1.) Purpose (that wording about charitable, educational, scientific etc.)
2.) Inurement (no private benefitting wording)
3.) Dissolution ( all money going to another 501(c)(3))

that you do not have to repeat this in the bylaws? Would the bylaws wording be more for internal use, so to speak? I guess I am having some trouble with what the IRS requires and what is good and necessary for the organization internally. We are a very small group, but we manage to bring in a decent amount of money, which is why we are formalizing.

Thanks for all of the help! This project is far more complicated than I anticipated, but it is the right route to go. I just don't want to do things incorrectly and then have to undo my mistakes- too much time and money would be involved!!
16 years 5 months ago #140816 by JHB
I tried uploading it to the file exchange area, but keep getting errors. Here's a link to an old thread where it is posted.
www.ptotoday.com/boards/robts-rules-byla...interest-policy.html
16 years 5 months ago #140815 by Kayla
IRS Conflict of Interest Statement was created by Kayla
I am unable to access any info on my Start Up Guide CD (it appears to be blank) and I do not see a hard copy of the "Conflict of Interest" statement (IRS approved!) for our bylaws in the Start Up Guide binder. Can anyone provide this canned statement? Thank you!
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