This document contains placeholder sections that are being developed. It is published in the spirit of transparency and will be updated as sections are finalized.
The undersigned incorporator(s), in order to form a nonprofit corporation under the laws of the State of California, hereby adopt(s) the following Articles of Incorporation:
Article I - Name
The name of the corporation is Ktown Team (hereinafter referred to as the "Corporation").
Article II - Purpose
The Corporation is organized exclusively for charitable, educational, and scientific purposes under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or the corresponding provision of any future United States Internal Revenue law.
The specific purposes of the Corporation are:
- To innovate and unite diverse communities in Koreatown, Los Angeles, supporting inclusivity and participation through technology and collaboration.
- To address persistent, cyclical issues that hinder community progress, metaphorically referred to as the "broken sidewalks" of our society.
- To enrich local life, support residents, and set a new standard for community development and collaboration in Koreatown and beyond.
- To use modern technology, strategic partnerships, and comprehensive community engagement strategies to achieve these goals.
Article III - Duration
The duration of the Corporation shall be perpetual.
Article IV - Registered Agent and Office
The name and address of the initial registered agent and office of the Corporation are:
[Insert name of registered agent]
[Insert complete address]
Article V - Initial Board of Directors
The names and addresses of the persons who will serve as the initial directors of the Corporation are:
- [Insert name and address of Director 1]
- [Insert name and address of Director 2]
- [Insert name and address of Director 3]
Article VI - Membership
The Corporation shall have members. The eligibility, rights, and obligations of the members will be determined in accordance with the Corporation's bylaws.
Article VII - Governance
The Corporation shall be governed by a principle of "collaborative adaptability." Strategic direction will be guided by a diverse council of 72 individuals connected to Koreatown through residence or civic involvement. This structure ensures that initiatives remain responsive to community needs and reflect the area's rich cultural tapestry.
The specific structure, selection process, and duties of this council shall be outlined in the Corporation's bylaws.
Article VIII - Limitations
No part of the net earnings of the Corporation shall inure to the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the Corporation shall be authorized and able to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article II hereof.
No substantial part of the activities of the Corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the Corporation shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office.
Notwithstanding any other provision of these articles, the Corporation shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or (b) by a corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code, or the corresponding section of any future federal tax code.
Article IX - Dissolution
Upon the dissolution of the Corporation, assets shall be distributed for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by a Court of Competent Jurisdiction of the county in which the principal office of the Corporation is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.
Article X - Amendments
These Articles may be amended by a two-thirds vote of the Board of Directors, followed by ratification by the Council of 72 and approval by the general membership, as outlined in the Corporation's bylaws.
Article XI - Incorporator
The name and address of the incorporator are:
[Insert name of incorporator]
[Insert complete address]
IN WITNESS WHEREOF, for the purpose of forming this nonprofit corporation under the laws of the State of California, the undersigned, constituting the incorporator of this Corporation, has executed these Articles of Incorporation on this [Insert day] day of [Insert month], [Insert year].
[Signature line for incorporator]
[Printed name of incorporator]