Understanding Roles & Bylaws for a Non-Profit Organization

Video Transcript

"Hi! This is Jim Goettler with Expert Village and this a video about to form and operate a non-profit organization. In the last segment, I started to discuss bylaws and I am going to continue in this segment but more to point the roles of the board which take a large portion of bylaws. Remember bylaws are your internal documents. This is how you choose to run your organization. So you need to think in terms of your officers, the people who are responsible for operating the meeting as well as the people who are responsible for your books for the money and the people who are responsible for your outreach committees. In bylaws you can name your committees. You can also name whether or not if you can have members. Not all organizations can have members. It can be a lot of work to maintain members so you may not do it but you need to decide in the bylaw section what you are going to do with regards to committees. The very important part of bylaws is what you are going to do when you stop functioning. In other words when you dissolve the organization, you need to spelled out very carefully in the bylaws. You need to remember all the funds you ever gained, all the funds in your bank. When you decide to dissolve must go to other non-profit organizations. You can choose who it is going to be but you must do it. This document will ride along when you make your actual application to the IRS for your 501, so these documents need to be prepared very carefully and very precisely. In the next segment, I am going to get in the outline of the budget which becomes with the main documents of the organization so stay with me. "