This
non-profit corporation has been organized exclusively for charitable
purposes under the Internal Revenue Code. Including for such purposes;
the making of distributions to organizations that qualify as exempt
organizations under section 501(c)(3) of the Internal Revenue Code.
The
charitable purpose is to assist our society by offering to help
make the lives of most deprived people (specifically the homeless)
a more rewarding life to live, by offering food, clothing and assistance.
All
funds acquired by fundraising, donations, gifts and contributions
or otherwise, shall be devoted to our charitable purpose.
Limitations
No
part of the net earnings of Its ONLY SociaL, Inc.
shall inure to the benefit of, or be distributed to any of its members,
trustees, officers or other private persons. Except that the corporation
shall be authorized to pay reasonable compensation for services
rendered, and to make payments and distributions in furtherance
of the exempt purposes.
No
substantial part of the activities of the corporation shall be carrying
on of propaganda, or otherwise attempting to influence legislation.
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.
The
corporation shall not carry on any other activities not permitted
to be carried on by a corporation exempt from federal income tax
under section 501(c)(3) of the Internal Revenue Code.
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