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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.
[37] [38] A private nonprofit organization, GuideStar, provides information on 501(c)(3) organizations. [39] [40] ProPublica's Nonprofit Explorer provides copies of each organization's Form 990 and, for some organizations, audited financial statements. [41] Open990 is a searchable database of information about organizations over time. [42]
Lodge 266, Jersey City, New Jersey Lodge 168, Brooklyn, New York Pittsburgh Moose Convention, Toledo, Ohio The Loyal Order of Moose is a fraternal and service organization founded in 1888 and headquartered in Mooseheart, Illinois.
The predecessor of IRC 501(c)(6) was enacted as part of the Revenue Act of 1913 [88] likely due to a U.S. Chamber of Commerce request for an exemption for nonprofit "civic" and "commercial" organizations, which resulted in IRC 501(c)(4) for nonprofit "civic" organizations and IRC 501(c)(6) for nonprofit "commercially-oriented" organizations. [77]
The United Way of Metropolitan Chicago is a 501(c)(3) non-profit organization and a branch of the United Way of America.The United Way of Metropolitan Chicago serves the city of Chicago and its surrounding suburbs, allocating funding to other charitable organizations, especially those that provide needed healthcare, education, and income services.
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