Site: nolo.com
... David M. Steingold ... nonprofits are incorporated)
it only covers nonprofits that have applied to the IRS and been approved as 501(c) ... organizations (not all nonprofits are exempt from paying taxes, and not all tax-exempt nonprofits are 501(c) ... And, after paying off debts and returning loaned assets, a dissolving 501(c)(3) organization must distribute ... In practice, this usually means distributing assets to one or more other 501(c)(3) organizations. ...