Nonprofit Clauses

Required Language:

The purpose of this organization is to operate as a social club for the pleasure and recreation of its members, as described in Section 501(c)(7) of the Internal Revenue Code.

Required Language:

Upon dissolution, assets shall be distributed for one or more exempt purposes within the meaning of section 501(c)(7) of the Internal Revenue Code, or to the federal government, or to a state or local government, for a public purpose.

Required Language:

No part of the net earnings of the club shall inure to the benefit of, or be distributable to, its members, directors, officers, or other private persons, except to pay reasonable compensation for services rendered.

Required Language:

The club shall not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office.

Required Language:

The club shall ensure that substantially all of its activities are for the pleasure and recreation of its members, and that no more than 35% of gross receipts come from non-member sources.