I am finalizing my draft of form 1023 to which I will attach our bylaws. I have looked at so much information concerning the topic of the 501C3 application process that I now need to step back and ask a question (again). I have seen many versions of bylaws, but they are all so different in their specificity on different topics. My concern right now, is how specific do we need to be on the handling of our finances, i.e., our "internal control" procedures. I would rather have this detail in our policies and procedures manual (along with such things as our conflict of interest policy) rather than in the bylaws. Is this acceptable for successful submission to the IRS? Our bylaws refer to our policies and procedures.
