Bylaws
Tax Exempt Status
In order to meet the criteria for tax exempt status
under Section 501 (c) (3) of the Internal Revenue Code, the following
provisions shall apply:
-
HVCD shall comply with provisions of the 4/3/84 memo, Tax Exempt
Status For CDSS Centers, by Brad Foster, National Director, CDSS,
including requirements to follow the aims and goals of CDSS and to
submit a yearly financial statement to CDSS.
- No part of HVCD’s earnings may inure to the benefit of private
individuals. This does not preclude the payment of any reasonable
fees for work performed.
- In the event of dissolution of HVCD the assets of HVCD must be
distributed to another non-profit organization with 501 (c) (3)
status.
- HVCD must not, as a substantial part of its
activities, attempt to influence legislation or participate to any
extent in a political campaign for or against any candidate for
public office.
Atopted February 26, 1988
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