The bylaws of our nonprofit corporation make no mention of any position called executive director. The person who is calling themselves the ED is an independent contractor. Does this person have any legal authority to sign documents on behalf of the Corporation?
My elderly mother is still president, largely absentee, of a 501(c)(3) rescue organization that she founded with the VP many years ago. The VP recently died and left a lot of money in trust to keep the nonprofit open. In the absence of strong officers or a strong board, wolves are circling. There is going to be a battle for management of the corporation that my mother can’t handle. She handed in her resignation but the board rejected it. Can they reject her resignation?
I recently launched an organization focused on helping victims of disasters and crises, and enabling others to find opportunities to help those affected by disasters. It primarily consists of a fairly comprehensive website and online community that I am paying for out of my own pocket. I am interested in creating a 501(c)(3) and accepting donations. I'd like to dedicate all of my time to the cause. If I form a (c)(3) corporation, how much can I pay myself? For example, if I bring in $20,000/year, can the (c)(3) pay me the full $20,000? If I bring in $100,000, can I be paid $60,000? I've read through the guidelines and this is the statement that gets me every time - "must not operate for the benefit of private interests such as those of its founder, the founder’s family, its shareholders or persons controlled by such interests."