Nonprofit Status
The
WOC is a non-profit organization. No part of the net earnings of
the group shall inure to the benefit of or be distributable to its
members, trustees, officers, or other private persons, except that
the WOC shall be authorized and empowered to pay reasonable compensation
for services rendered and to make payments and distribution in furtherance
of the purposes set forth in its constitution. No substantial part
of the activities of the WOC shall be the carrying on of propaganda,
or otherwise attempting to influence legislation, and the WOC shall
not participate in, intervene in (including the publishing or distribution
of statements) any political campaign on behalf of any candidate
for public office. Notwithstanding any other provision of these
bylaws, the group shall not carry on any other activities not permitted
to be carried on (a) by a corporation exempt from federal income
tax under Section 501( c) (3) of the Internal Revenue Code of 1954
(or the corresponding provision of any future U.S. Internal Revenue
law) or (b) by a corporation, contributions to which are deductible
under Section 170 ( c) (2) of the Internal Revenue Code of 1954
(or the corresponding provision of any future U.S. Internal Revenue
Law).
|