Nonprofit Formation Questionnaire

Please answer each question to the best of your ability; don’t stress if you do not know the answer. Where options are given, select your preferred choice. Where open-ended, provide your thoughts and we’ll refine later together. This questionnaire is designed for nonprofit corporations (such as 501(c)(3) organizations).

1. Basic Information

Proposed Legal Name

Principal Office Address (may be public)

Mailing Address (if different)

Company Email (may be public)

Company Telephone

Registered Agent

Standard Delaware Agent

Other

Fiscal Year End

December 31

Other

Purpose Statement

Intended IRS Status

501(c)(3)

Other

2. Board of Directors

Initial Number of Directors (minimum 3 in most states)

Other

Names and Addresses of Initial Directors

Initial Director Name
Address
Initial Director Name
Address
Initial Director Name
Address

Length of Director Terms

1 Year

2 Years

3 Years

Other

Term Limits

How are Directors elected or appointed?

How are vacancies filled?

Process for removing Directors

Board Voting

Simple Majority

Supermajority

Unanimous

Matters requiring supermajority or unanimity

Board Committees (if any)

3. Officers and Management

Names of Initial Officers

Initial Officer
Initial Officer
Initial Officer

President/Chair

Secretary

Treasurer

Other Officers (optional)

Who can bind the nonprofit contractually?

4. Membership (if applicable)

Will the nonprofit have members?

Yes

If Yes, Classes of Membership

Voting Rights of Members

Admission Criteria

Dues/Fees

Termination of Membership

Annual Meeting Requirements

5. Compensation and Conflicts

Will officers or directors be compensated?

Yes

If yes, how is compensation determined (e.g., Board approval)?

Expense reimbursement policy

Conflict of Interest Policy in place?

Yes

Procedure for disclosing conflicts of interest

6. Indemnification and Insurance

Should directors and officers be indemnified to the fullest extent allowed by law?

Yes

Will the nonprofit purchase Directors & Officers (D&O) insurance?

Yes

7. Recordkeeping and Reporting

Who will keep corporate minutes and records?

Annual state report filing month

Will financial audits/reviews be conducted?

Yes

As required by law

8. Dissolution

Upon dissolution, assets must go to another 501(c)(3) or governmental entity. Preferred beneficiary types

Similar nonprofit

Government entity

Other

9. IRS Compliance Provisions

Confirm inclusion of standard provisions

No private inurement (no earnings for insiders)

No substantial lobbying or political activity

Dissolution clause directing assets to another exempt organization