Nonprofit Operating Agreement Template

📝 Create

You can open the Nonprofit Operating Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Nonprofit Operating Agreement Template

Printable | Editable Form




Nonprofit Operating Agreement Template (1)
Between:
[Name of the Organization]
[Organization’s ID/Registration Number]
[Organization’s Address]
[Organization’s Phone]
[Organization’s Email]
And:
[Name of the Board Members]
[Board Member’s Identification Numbers/IDs]
[Board Member’s Addresses]
Introduction:
This Nonprofit Operating Agreement (the “Agreement”) is made and entered into as of [Effective Date]. This document outlines the governance and operational structure of [Name of the Organization].
Clause 1: Purpose
The primary purpose of the Organization is to [Describe the mission and objectives of the nonprofit organization].
Clause 2: Governance Structure
The Organization will be governed by a Board of Directors consisting of [Specify number of board members, qualifications, and term limits].
Clause 3: Membership
Membership in the Organization is open to [Specify conditions for membership]. Members have the rights and responsibilities as outlined in [reference section of bylaws or rules].
Clause 4: Meetings
Regular meetings will be held [Specify frequency]. Special meetings may be called as needed. Notice shall be given to all members a minimum of [Specify notice period].
Clause 5: Financial Management
The Organization shall operate as a nonprofit entity. The Board will ensure proper accounting of all funds and will prepare an annual budget for approval by the members.
Clause 6: Amendments
This Agreement may be amended only by a two-thirds (2/3) vote of the Board of Directors, provided that written notice of the proposed amendment is given to each member at least [Specify time frame] prior to the meeting.
Clause 7: Dissolution
Upon dissolution of the Organization, the remaining assets shall be distributed for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code.
Signed in [City], [Date].
Sincerely,
[Signature of the Board Chair]
[Name of the Board Chair]
[Signature of the Secretary]
[Name of the Secretary]
Nonprofit Operating Agreement Template (2)
Between:
[Name of the Organization]
[Organization’s ID/Registration Number]
[Organization’s Address]
[Organization’s Phone]
[Organization’s Email]
And:
[Name of the Board Members]
[Board Member’s Identification Numbers/IDs]
[Board Member’s Addresses]
Introduction:
This Operating Agreement (the “Agreement”) sets forth the terms under which [Name of the Organization] will operate as a nonprofit organization dedicated to [Describe the specific mission and scope of the organization].
Clause 1: Nonprofit Status
The Organization is formed as a non-profit entity under the laws of [State/Country], and it shall operate exclusively for charitable and educational purposes.
Clause 2: Board of Directors
The Organization shall have a Board consisting of [Specify number of directors], who will serve [Specify term duration]. Responsibilities include but are not limited to oversight of operations and financial management.
Clause 3: Conflict of Interest
All Board Members are required to disclose any potential conflicts of interest and abstain from voting on matters where a conflict exists.
Clause 4: Funding and Contributions
The Organization will seek funding through grants, donations, and fundraising activities while ensuring transparency and accountability in its financial dealings.
Clause 5: Record Keeping
The Organization shall maintain accurate and complete records of its activities, including meeting minutes, financial reports, and membership lists, in accordance with applicable laws.
Clause 6: Indemnification
The Organization agrees to indemnify its Board Members against any actions arising from their roles, provided that such actions were in good faith and not due to willful misconduct.
Clause 7: Revocation
Any member may revoke this Operating Agreement by giving written notice to the Board, subject to the terms set forth in the membership policies.
Signed in [City], [Date].
Sincerely,
[Signature of the Board Chair]
[Name of the Board Chair]
[Signature of the Secretary]
[Name of the Secretary]

Form

Please complete the form below to create the Nonprofit Operating Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Nonprofit Operating Agreement Template

1. Organization Information


2. Board Members Information


3. Purpose of the Organization

4. Membership Policy

5. Meetings and Voting

6. Financial Management

7. Amendments to the Agreement

8. Conflict of Interest Policy

9. Dissolution Clause

10. Signatures and Acceptance

11. Declaration and Signatures





PDF


WORD

Printable

Nonprofit Operating Agreement Template

Printable | Editable Form




Nonprofit Operating Agreement Template