Articles Of Incorporation Nonprofit - Oregon Secretary Of State Page 2

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NONPROFIT CORPORATION TYPE - Article 5
PLEASE READ CAREFULLY
Nonprofit corporations are required to be classified in one of three categories. For most nonprofit
corporations, the following tests apply:
1. "Religious" corporation means a corporation which is organized primarily or exclusively for religious
purposes. These corporations may be tax-exempt under 501(c)(3).
2. "Public benefit" corporation means a corporation which:
(a) is tax exempt under section 501(c)(3) of the Internal Revenue Code or is organized for a public or
charitable purpose;
(b) on dissolution must distribute its assets to an organization organized for public or charitable purpose, to
a religious corporation, to the United States, to a state or to an organization which is tax exempt under
section 501(c)(3) of the Internal Revenue Code; and
(c) does not come within the definition of religious corporation.
3. "Mutual benefit" corporation means a corporation which is organized to provide benefits for their
members or a small group of people, and does not come within the definition of public benefit or religious
corporation. These corporations are not tax-exempt under 501(c)(3), but may be tax-exempt under some
other section of law.
DISTRIBUTION OF ASSETS ON DISSOLUTION - Article 7
If you plan to submit a separate filing to the IRS to qualify for 501(c)(3) status
Do you want to adopt the IRS recommended language for distribution of assets upon dissolution to qualify
for 501(c)(3) status?(See the following page)
If NO, and you are organized as a public benefit nonprofit corporation, you must give your assets to another
public benefit corporation when you dissolve. Name that charity in Article 7:
Upon the dissolution of the organization, assets shall be distributed to _____________.
If YES, in Article 7 write, “See attached” and attach the PUBLIC BENEFIT 501(c)(3) INFORMATION
language on the following page to the articles of incorporation form.
Articles of Incorporation - Nonprofit (05/14)

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