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I was curious as to why the non-profit model didn't work, and was surprised it was registered in Deleware. I am automatically a bit nervous when a California ba
by marincounty 11y ago
I was curious as to why the non-profit model didn't work, and was surprised it was registered in Deleware.
I am automatically a bit nervous when a California based non-profit registers in Deleware. Sorry, but I want to download those free previews on www.guidestar.org, and find out who is on the BOD, and who is making the most money in the 501c3. If I can't find the detailed financials; I don't donate.
Why would a non-profit register in Delware:
"One advantage provided to corporations under the DGCL is flexibility in internal structure. Unlike some states such as New York, the DGCL requires a corporation to have only one director. A nonprofit corporation in Delaware must have members, but directors can serve as the only members. Unlike California, there is no requirement for a majority disinterested board. Finally, Delaware does not require the naming of corporate officers.
Delaware also generally applies less cumbersome regulation to the formation and operation of nonprofit corporations than some other states. Unlike New York, which requires in certain circumstances the approval of various state agencies prior to the formation of a nonprofit, an individual can form a Delaware nonprofit corporation simply by filing a certificate of incorporation. Delaware also does not require nonprofit corporations formed under Delaware law to register with its Attorney General’s office or file annual separate financial reports to the state (though if the nonprofit operates in Delaware, it may be required to file a copy of its federal Form 990 with the Delaware Attorney General). Finally, unlike some states, Delaware does not require any state government approvals for nonprofit corporate changes such as amendments to the certificate of incorporation, mergers, and dissolutions."
Looking at the Federal From 990 is important--IMHO. The public shouldn't have to pay to see that informantion. I don't know if couchsurfing even filed 990's? A disinterested board is important--for any non-profit--IMHO. Registering with the attorney generals office is important--IMHO. My point is if you are a San Francisco non-profit register in California. If you have a good cause, and all financial information is open public viewing; you might be surprised just how much money you raise?
http://communityenterpriselaw.org/2014/01/is-delaware-the-best-place-to-incorporate-a-nonprofit/ http://communityenterpriselaw.org/2014/01/is-delaware-the-be...
- eli 11y agoI'm confused. Can't you get a 990 from any nonprofit in any state by just asking them for it?
- subaculture 11y agoWell, maybe its time to sign for BeWelcome (non-profit) http://www.bewelcome.org/ http://www.bewelcome.org/ Can BeWelcome be sold? http://www.bewelcome.org/wiki/Can_BeWelcome_be_sold http://www.bewelcome.org/wiki/Can_BeWelcome_be_sold Differences with Other Networks http://www.bewelcome.org/wiki/Difference_with_other_hospitality_networks http://www.bewelcome.org/wiki/Difference_with_other_hospital... No.