Haven Missions

Form 990 - Supplemental Information

“PURPOSE This organization is organized exclusively for religious, charitable, and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501 C (3) of the Internal Revenue Code, or corresponding section of any future federal tax code. POWERS Except as these Articles otherwise provide, the corporation has all the powers provided in the TEXAS Non-Profit Corporations Act. Moreover, the corporation has all implied powers. The corporation may reasonably compensate directors in furtherance of one or more of its purposes. RESTRICTIONS AND REQUIREMENTS The corporation may not pay dividends or other corporate income to its members, trustees, directors, or officers, or otherwise accrue distributable profits, or permit their utilization for private gain. The corporation may not embark on any action prohibited by the TEXAS Non-Profit Corporation Act. The corporation may not engage in any activities, except to an insubstantial degree, that does not further its purposes as set forth in these Articles. The corporation may not take any action that would be inconsistent with the requirements for a tax exemption under internal revenue Code Section 501 C (3) and related regulations, rulings, and procedures. Nor may it take any action that would be inconsistent with the requirement for receiving tax-deductible charitable donation under Internal Revenue Code Section 170 C (2) and related regulations, rulings and procedures. Regardless of any other provision in the articles of Incorporation, or state law, the corporation may not: 1. Engage in activities or use its assets in manners that do not further one or more exempt purpose as set forth in these articles and defined by the internal Revenue Service and related regulations, rulings and procedures except to an insubstantial degree. 2. Serve a private interest other than one clearly incidental to an overriding public interest. 3. Devote more than an insubstantial part of its activities to attempting to influence legislation by propaganda or otherwise except as provided by the internal Revenue Code and Related regulations, rulings and procedures. 4. Participate in or intervene in any political campaign on behalf of or in opposition to any candidate for public office. The prohibited activities include publishing or distributing statements and any other direct or indirect campaign activities. 5. Have objectives characterizing it as an action organization as defined by the Internal Revenue Code and regulated, ruling, and procedures. 6. Permit any part of the corporations net earnings to inure to the benefit of any private shareholder or members of the corporation or any other private individual. 7. Carry on unrelated trade or business, except as a secondary purpose related to the corporations primary exempt purpose. TRUSTEES LIABILITY A trustee is not liable to the corporation or members for monetary damages for an act or omission in the trustees capacity as trustee except as otherwise provided by a TEXAS Statute. INDEMNIFICATION The corporation may indemnify a person who was, is or is threatened to be made a named defendant or respondent in litigation proceedings because the person is or was a trustee or other person related to the corporation as provided by the provisions of the TEXAS Non-Profit Corporation Act governing indemnification. DISSOLUTION The nonprofit corporation will not dispose of its assets on dissolution other than for one or more exempt purposes. On dissolution, the corporations assets will be distributed to the state government for public purposes, or to an organization exempt from taxes under the Internal Revenue Code Section 501 C (3) to be used to accomplish the exempt purposes for which the corporation was organized.”