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2. Non-profit organization laws in the U.S. - Wikipedia

   en.wikipedia.org/wiki/Non-profit_organization...

   In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.

3. 501 (c) (3) organization - Wikipedia

   en.wikipedia.org/wiki/501(c)(3)_organization

   Unlike for-profit corporations that benefit from broad and general purposes, non-profit organizations need to be limited in powers to function with tax-exempt status, but a non-profit corporation is by default not limited in powers until it specifically limits itself in the articles of incorporation or nonprofit corporate bylaws.

4. Model Nonprofit Corporation Act - Wikipedia

   en.wikipedia.org/.../Model_Nonprofit_Corporation_Act

   The Model Nonprofit Corporation Act (MNCA) is a model act prepared by the Nonprofit Organizations Committee of the Business Law Section of the American Bar Association. [1] The MNCA is a model set of statutes governing nonprofit corporations proposed for adoption by state legislatures.

5. By-law - Wikipedia

   en.wikipedia.org/wiki/By-law

   Nonprofit organizations in the United States applying for Federal Tax-Exemption Status are required to adopt bylaws for their organizations. Bylaws for nonprofit organizations by themselves are more of an internal organizing document than required by most states but are necessary for filing for nonprofit 501(c)(3) tax-exemption application ...

6. 501 (c) organization - Wikipedia

   en.wikipedia.org/wiki/501(c)_organization

   A 501(c)(6) organization is a business league, a chamber of commerce like the U.S. Chamber of Commerce, a real estate board, a board of trade, a professional football league or an organization like the Edison Electric Institute and the Security Industry Association, that are not organized for profit and no part of the net earnings goes to the ...

7. Sam Altman told OpenAI staff the company’s non-profit ...

   www.aol.com/finance/sam-altman-told-openai-staff...

   With the company in the process of raising new funds at a valuation somewhere north of $100 billion, the non-profit structure is proving increasingly awkward. For investors, a change means a more ...