–2. Must be organized
for non-profit purposes
•NPOs
must be organized exclusively for social welfare, civic improvement,
pleasure, recreation or any other purpose except profit
•Document 2010-0380581I7 - NPOs may be established
to further any purpose other than for a profit purpose, no
requirement that an NPO must have a “benevolent” or “social”
purpose
•When determining the purpose for which an association was organized, the instruments creating the association will normally be reviewed, including letters patent, articles of incorporation, memoranda of agreement, by-laws, etc.
•Rarely an issue, though recent audits have commented on dissolution provisions in this context
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