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Article 12

ARTICLE XII – LIMITATIONS AND RESTRICTIONS

Section 1.  Notwithstanding any other provisions of this Constitution, this Fellowship shall not carry on any activities not permitted by an organization exempt from federal income tax under IRC Section 501 (c) (3), or contributions to which are deductible under IRC Section 170 (c) (2).  All references herein to “IRC” shall mean the Internal Revenue Code of 1986, as amended, (or the corresponding provision of any future United States Internal Revenue Law).
Section 2.  OCF is organized and is to be operated exclusively for charitable, religious, and educational purposes within the meaning of IRC Section 501 (c) (3).  OCF is not organized, nor shall it be operated, for any pecuniary gain or profit, and it does not contemplate the distribution of gains, profits, or dividends to the members thereof (if any) or to any private individual or private shareholder, as the latter is defined for purposes of IRC Section 501 (c) (3).

No substantial part of the activities of OCF shall consist of carrying on propaganda, or otherwise attempting to influence legislation, except as provided in IRC Section 501 (h), nor shall OCF participate or intervene in any political campaign (including the publication or distribution of statements) on behalf of any candidate for public office except as provided in IRC Section 501 (h).

The money and property of this corporation are irrevocably and exclusively dedicated to charitable, religious, and educational purposes, and no part of the net income or assets of this corporation shall ever inure to the benefit of any director, trustee, officer, shareholder, or member (if any) hereof, or to the benefit of any private individual.

Upon dissolution of this OCF, its assets remaining after payment of, or provision for payment of, all debts and liabilities of this corporation, shall be distributed to a nonprofit fund, foundation, trust, or corporation which is organized and operated exclusively for charitable, religious, or educational purposes which has established its tax exempt status under IRC Section 501 (c) (3).
Section 3.  Orthodox Christian Fellowship is organized exclusively for charitable, religious, educational, or scientific purposes, including, for such purposes, the making of distribution to organizations that qualify as exempt organizations under section 501 (c) (3) of the Internal Revenue Code of 1954.

No part of the net earnings of the organization shall inure to the benefit of its members, directors, officers, or other persons except that the organization shall be authorized to and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the exempt purposes of the organization.

In the event of dissolution, the residual assets of the organizations will be turned over to one or more organizations with similar purposes or to one or more organizations described in section 501 (c) (3) of the Internal Revenue Code of 1954.

 

Created by Nick Syrpis in 2012. He can be contacted at ns7902@uncw