The following blog is by Sarah Morris
After extensive research and community conversations conducted last fall, the YNPN-TC Board of Directors has determined that it’s time to incorporate! For the past seven years, YNPN-TC has been operating as an informal unincorporated organization. That has worked for us so far because most of our events are free, we are volunteer-led with no paid staff, and so many great businesses and nonprofits opened up space and resources to us.
As we look to the future of YNPN-TC, the board has decided that forming a Minnesota nonprofit corporation is the right move for the network right now. With nonprofit corporation status, we will be able to limit personal liability, open bank accounts, handle money, and have the capacity to provide and promote different professional development opportunities. This shift is important as we continue to grow our member-focused programming and services. At this time, YNPN-TC will not file for 501(c)(3) nonprofit status with the Internal Revenue Service, but by incorporating in Minnesota, we have left the door open for future consideration of 501(c)(3) status.
Currently, an I-Squad team made of Angela Cabatbat, Jamie Millard, Sarah Morris, and Rinal Ray is working on creating Articles of Incorporation, reviewing our Bylaws, and developing necessary policies and procedures. The I-Squad reports monthly to the Governance Committee and the Board of Directors with recommendations. We hope to complete the process by the end of May. You, as a member, should not see any changes in your participation in YNPN-TC, but you should feel confident that YNPN-TC is growing and becoming a more sophisticated organization to better meet your needs!