New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle I - Office of Parks, Recreation and Historic Preservation
Chapter IV - Environmental Assistance Programs
Subchapter A - Clean Water/clean Air Bond Act of 1996
Part 431 - Provisions Relating To All Projects
Section 431.2 - Not-for-profit corporation requirements
Current through Register Vol. 46, No. 39, September 25, 2024
A not-for-profit corporation must demonstrate to the satisfaction of the office that it is capable of operating and maintaining the completed project for the benefit of the public. The following documents will be required to verify a corporation's not-for-profit, tax-exempt status and provide evidence of such capability:
(a) a copy of the corporation's certificate of incorporation, by-laws, amendments and other operative organizational documents;
(b) a copy of a determination letter from the United States Internal Revenue Service verifying the corporation's tax-exempt status;
(c) verification of charities registration;
(d) financial statements, for the corporation's previous three fiscal years, audited when available, showing all expenditures and sources of income; and
(e) copies of IRS form 990 for the last complete fiscal year.
