a nonprofit organization with a governing body incorporated or authorized to conduct business in the state where it operates or is headquartered and has a duly promulgated charter, constitution, and/or bylaws;
a nonprofit organization organized as an identified sub-unit of a religious body that has legal status or is an identified sub-unit of another legal entity recognized under state law;
a corporation sole; or
a for profit organization organized as a corporation, partnership, sole proprietorship, limited liability company, or association with a duly promulgated charter and other appropriate governing documents.

NA The organization is a network management entity.

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	PURPOSE: Sound governance increases the organization’s viability and sustainability.

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	GOVERNING BODY A person or persons with the legal authority and responsibility to set policy and oversee the operations of an organization. Generally, the governing body is a group, such as a board of directors or board of trustees. While the exact responsibilities of the governing body depend on the nature and character of the organization, the governing body has minimum fiduciary responsibilities to the organization set by statute, regulation, and case law, and typically assume responsibilities for long term planning, risk management, and evaluation and effectiveness of management.


	BYLAWS The operating procedures developed by the governing body and adopted by the organization for the regulation of its internal affairs, including the actions of the governing body and its relationship to the chief executive officer and any advisory board associated with the organization.


	LIABILITY An obligation, responsibility, or debt.


	MANAGEMENT See ADMINISTRATION