501(c)(3) Board Requirements

Written by True Tamplin, BSc, CEPF® | Reviewed by Editorial Team

Updated on December 14, 2022

501(c)(3) Board Meeting Requirements

The IRS generally requires at least three individuals to serve as board members for a 501(c)(3) organization. These members are required to have at least one meeting per year with all members present. The IRS places no restrictions on term length or who can be on the board. The IRS requires that all members of the board be in attendance at a board meeting at least once per year. A meeting must also be held anytime a new director is elected. The board is free to hold as many meetings as they wish so long as those requirements are satisfied.

501(c)(3) Board Requirements FAQs

What is a 501(c)(3) organization?

A 501(c)(3) organization is a non-profit organization with tax exempt status that is dedicated to the general well-being of society.

Are donations to a 501(c)3 tax deductible?

Donors to a 501(c)(3) may benefit from being able to claim a deduction on their taxes for their contributions.

Is a 501(c)(3) organization tax exempt?

A 501(c)(3) organization is tax exempt so long as it remains true to its stated mission and remains compliant with the IRS.

What does 501(c)(3) mean?

501(c)(3) is the internal revenue code (IRC) section for organizations with tax exempt status. 501(c)(3) falls under internal revenue code 501(c).

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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