A. The corporation is organized exclusively for promotion of the social welfare within the meaning of section 501(c)(4) of the Internal Revenue Code of 1986 as now in effect or as may hereafter amended(“the Code”). In furtherance thereof, the corporation may receive property by gift, bequest or devise,invest and reinvest the same, and apply the income and principal thereof, as the board of directors may from time to time determine, and engage in any lawful act or activity for which nonprofit corporations maybe organized under the laws of the District of Columbia. B. Provisions for the regulation of internal affairs of the corporation, including provisions for distribution of assets on dissolution or final liquidation, are as follows: I. No part of the net earnings of the corporation shall inure to the benefit of, or be distributable to,its officers, trustees, directors or any other private person, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered to or for the corporation and to make payments and distributions in furtherance of the purposes set forth hereof. II. Notwithstanding any other provision of these Articles of Incorporation, the corporation shall not directly or indirectly carry on any activity which would prevent it from obtaining exemption from Federal income taxation as a corporation described in section 501(c)(4) of the Code, or cause it to lose such exempt status.Notwithstanding any of the above statements of purposes and powers, this corporation shall not, except to an insubstantial degree, engage in any activities or exercise any powers that are not in furtherance of the specific purposes of this corporation. III. Upon dissolution of the corporation, the board of directors,after paying or making provision for the payment of all the liabilities of the corporation, shall dispose of all the assets exclusively for the purposes of the corporation and in such manner, or to such organization or organizations, as shall be deemed to qualify as devoted to the social welfare purpose of the corporation.In no event shall any of such assets or property be distributed to any member, director or officer, or any private individual.
Agent Name
COLIN MORTIMER
Agent Address
1919 M STREET NW, SUITE 300, Washington, DC, 20036, USA
nonprofit NEW DEMOCRACY, INC. (New Jersey (US))
NEW DEMOCRACY CVOA (Belgium)
nonprofit NEW DEMOCRACY GROUP UK LTD (United Kingdom)
