Non Profit - Bylaws for La Finka

Article I: Name and Purpose

  1. Name: The name of the organization is La Finka.
  2. Purpose: La Finka is organized exclusively for charitable, educational, and scientific 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.

Article II: Membership

  1. Eligibility for membership: Open to any individual who supports the purposes of the organization.
  2. Rights of members: Each member shall have the right to vote in elections for the Board, propose initiatives, and participate in general meetings.
  3. Dues: Membership dues shall be determined annually by the Board of Directors.

Article III: Meetings

  1. Annual Meeting: The annual meeting of the members shall take place in the first quarter of the year, the specific date, time, and location of which will be designated by the chair.
  2. Special Meetings: Special meetings may be called by the chair, the Executive Committee, or a simple majority of the Board of Directors.

Article IV: Board of Directors

  1. Board Role, Size, and Compensation: The Board is responsible for overall policy and direction of the organization, and delegates responsibility of day-to-day operations to the staff and committees. The Board shall have up to 10 and not fewer than 3 members. The board receives no compensation other than reasonable expenses.
  2. Terms: All Board members shall serve two-year terms, but are eligible for re-election.
  3. Meetings and Notice: The Board shall meet at least quarterly, at an agreed upon time and place. An official board meeting requires that each board member have written notice at least two weeks in advance.

Article V: Committees

  1. Committee Formation: The Board may create committees as needed, such as fundraising, housing, public relations, data collection, etc.
  2. Executive Committee: The officers of the board constitute the Executive Committee. The Executive Committee has the authority to make ongoing decisions between full board meetings.

Article VI: Amendments

  1. Amendments: These bylaws may be amended when necessary by two-thirds majority of the Board of Directors. Proposed amendments must be submitted to the Secretary to be sent out with regular board announcements.