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New credit agreements are subject to status. The smallest of nonprofit organizations with a yearly revenue of $5,000 or less do not need to declare themselves to the IRS, so if they were known about and included in the statistics, there would be far more nonprofit organizations in existence than are currently known about.The biggest problem for nonprofit organizations is when the IRS moves the goal posts for tax-exempt status. The only way to use an LLC to hold assets for a Non-Profit Corporation is to have the LLC be a qualified subsidiary of the Non-Profit Corporation. To do this the LLCs sole member would be the Non-Profit Corporation, and the LLCs management would only be permitted to engage in activities permitted of its parent non-profit corporation. This member managed single member LLC must be controlled by the Non-Profit corporation parents same directors and officers (See IRC Reg (link). (a) The Company is validly existing as a corporation under the laws of the State of

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