What are the rules for non-profit organizations?

Basic Rules for Non-Profit Organizations. Non-profit organizations are considered corporations and they have many of the same rules and formalities as their corporate partners. Non-profit entities must keep good records. They must record meetings of minutes and set up a separate bank account.

Are nonprofit board minutes public?

Yes, there is no general requirement that Board minutes be public - though some jurisdictions have laws that they must be available to members. However, nonprofit organizations earn trust by being open about how they handle the pubic trust that has been granted to them.