Did you know that DSNA is a non-profit organization?
A few years ago, Sue Grant RN, past DSNA treasurer, worked very hard to complete the needed paperwork required by the IRS to change our status. DSNA now qualifies under the IRS Section 501(c) is eligible for special exemptions from all U.S. Federal income tax.
Because DSNA has non-profit status with the IRS, we were required to apply for Delaware Certificate of Incorporation. As of December 2009, DSNA became incorporated! Incorporation will also benefit the Executive Board members. Forming a corporation means that the founders, or incorporators, are creating a legal entity that exists wholly apart from the people involved with it. Since DSNA is a nonprofit corporation, we will have liability protection a corporation provides. For example, if DSNA were to be sued, the assets of its directors and members are generally protected because corporate assets are distinct from personal assets.