Under Arkansas law, you will need at least three board members. Members' terms are to be no less than one year or more than six years. Members may be re-elected and are not compensated. No part of the income may be distributed to members, directors, or officers. Public libraries and the Internet are the best sources of information about potential funders.
Incorporation is necessary to receive tax-exempt status.
Establish a board of directors with at least three members. Decide on the statement of purpose of the organization. Draft and adopt articles of incorporation and bylaws for the corporation. The articles of incorporation establish the name and purpose of the nonprofit organization. Bylaws are the organization's primary governing documents.