Site: nolo.com
... David M. Steingold ... incorporated)
it only covers nonprofits that have applied to the IRS and been approved specifically as 501(c) ... organizations (not all nonprofits are exempt from paying taxes, and not all tax-exempt nonprofits are 501(c) ... ldquo;charitable organizations” under Mississippi law (any Mississippi nonprofit that is a 501(c) ... In addition, after paying off debts and returning loaned assets, a dissolving 501(c)(3) organization ... In practice, this usually means distributing assets to one or more other 501(c)(3) organizations. ...