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IL AG990-IL 2025 Form Houston Texas: What You Should Know
I, ___________, OF ___, DO hereby ______________, sign this instrument of incorporation as of ____ ____ day of _________. A certificate of dissolution, if any, that may take effect immediately upon filing an election petition under ___________ of this ____ year. A Certificate of designation. A Certificate of organization. (Print Name) This is the Certificate of Organization of the __________ (Print Name) Corporation. I HEREBY ELECT TO REGISTER THIS CORPORATION WITH THE STATE OF ILLINOIS. THE CORPORATION IS HEREBY SUBJECT TO All the FOREGOING LAWS AND REGULATIONS UNDER WHICH IT MAY OPERATE, AND THE STATE OF ILLINOIS DECLARES THIS CORPORATION TO BE A NOT-FOR-PROFIT CORPORATION AND AUTHORIZES IT TO OPERATE ITS BUSINESS AS AN ACTIVE ORGANIZATION, IN ACCORDANCE WITH THE THIRD PARAGRAPH OF ARTICLE 4 OF THE ILLINOIS BUSINESS CORPORATION ACT OR, IF IT SO DESIRES, TO BE IN FEDERAL REGISTRATION OR IN A STATE OF EMERGENCY. (Print Name). A Statement of Policy. This Statement of Policy is a part of the Form AG990-IL to be filed by a charitable organization operating in the State of Illinois and which states what the organization's goal and policy will be as an organization in promoting charitable activities. An entity is considered an active or non-passive organization for tax purposes if the entity operates for the benefit of one or more tax-exempt organizations. A nonprofit entity is not considered actively operated unless the person has the legal authority to solicit funds for charitable purposes. A nonprofit entity must operate as a nonprofit organization from a point of view that supports the charitable purposes. In the case of a tax-exempt organization, the nonprofit organization must maintain records consistent with Federal or State law as far as the organization is concerned. The statement must be read to the public and must be signed by the President and Secretary or the President's representative and the Secretary. The statement may be printed. After each of the nonprofit organizations operating in the State of Illinois has filed Form AG990-IL, the Secretary of State will send a copy of the Statement of Policy to each member of the State Commission on the Status and Qualifications of Charities.
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