Team DPW Dragon Boat
Articles of Incorporation
Article 1: Legal Name
The name of the corporation shall be Team DPW Dragon Boat.
Article 2: Principal Office
The principal office of the corporation shall be maintained at 4142 Corona Drive, Los Angeles, CA 90032. The corporation’s agent for service of process is Springsong Cooper. Service of process shall be served at 3074 Ewing Avenue, Altadena, CA 91001.
Article 3: Period of Duration
The corporation shall exist in perpetuity from the date of filing these Articles of Incorporation with the Secretary of State of California, unless dissolved according to the law.
Article 4: Purpose and Objective
Team DPW Dragon Boat is a nonprofit corporation and shall operate within the meaning of Section 501(c)(3) of the Internal Revenue Code. The primary purpose for the corporation is to foster dragon boat racing in amateur and professional dragon boat tournaments in the County of Los Angeles, other counties, states, and countries and to promote education around the sport and culture of dragon boat racing, physical fitness, diversity, and global citizenship.
Specifically, the corporation shall provide education, training, and instruction to youth and adults in the sport of dragon boat racing, increase awareness about the benefits of the sport, and provide opportunities for participants to engage in recreational and competitive dragon boat racing.
Article 5: Nonpartisan Activities
This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for charitable [501(c)(3)] purposes. No part of the assets or income of the corporation shall inure to the benefit of or be distributable to the board, officers, members or to other private persons except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth herein. This corporation will be conducted solely as a nonprofit organization.
The corporation and its directors, officers, and members, acting as agents of the corporation, are prohibited from attempting to influence legislation, lobbying, or otherwise intervening in any political campaign (including the publishing or distribution of statements) on behalf of the corporation.
Article 6: Board of Directors
The affairs of the corporation shall be administered by a Board of Directors.
Article 7: Amendments
These Articles may be amended by a three-fourths vote of the Board of Directors.
Article 8: Members
Membership is open to all persons interested in the objectives of the corporation, regardless of race, sex, age, religious belief, disability, or sexual orientation.
Article 9: Dissolution
Upon the dissolution of the corporation, the Board of Directors shall, after paying or making provisions for the payment of all team liabilities, dispose of all remaining team assets by donating assets to the International Cultural Exchange Association, a 501(c)(3) corporation and if it no longer exists, then to a corporation organized and operated exclusively for charitable, educational, or religious purposes as shall at the time qualify as an exempt corporation Section 501(c)(3) of the Internal Revenue Code, as the Board of Directors shall determine. 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 our corporation is then located, for such purposes or to such entities, which are organized and operated for charitable, educational or religious purposes.
No director or officer of this corporation shall be held personally liable for the debts or obligations of Team DPW Dragon Boat, nor shall any of the property or assets of the officers or directors be subject to the payment of the debts or obligations of this corporation.