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Recordkeeping - Faqs

What kind of records does a non-profit have to keep about its directors?

The Societies Act requires a non-profit to keep a register  of the names of its directors along with a piece of contact information provided by them. The non-profit must also have proof of their consent to act as directors, the date they were elected/appointed, and the date they stopped holding office.

Societies Act - Fact sheets

Directors

This Fact Sheet provides information about being a director of a non-profit in the Yukon.DefinitionA director of a non-profit, also known as a “board member”, is an individual who has been elected or appointed to oversee a non-profit’s activities and

Recordkeeping - Faqs

What are official records?

Official records are those a non-profit must keep, either in digital or paper format, under section 22 of the Societies Act. These are records about governance, members, directors, and finances of the non-profit. For example, non-profits are required to keep governance documents such as its certificate of incorporation, constitution, and bylaws.

Recordkeeping - Templates

Annual Report

This document shows an example of what an Annual Report looks like.

Societies Act - Faqs

What is a non-profit or society?

The word society is used in Yukon to mean non-profit organization (NPO). Societies are governed by a law called the Societies Act. The Societies Act sets out the rules and procedures for incorporating, managing, and dissolving a society in Yukon. 

Societies Act - Faqs

Why incorporate a non-profit?

Incorporation as a non-profit gives it legal status separate from its members. This legal status means the non-profit can do things in its own name, such as borrow money. It also means the non-profit, rather than the individuals, is liable for any debt.

Societies Act - Faqs

Do you need a constitution and bylaws to incorporate a non-profit?

Yes. The constitution (name and purposes) and bylaws (rules for governing) are the foundational documents for incorporating a non-profit.

Societies Act - Faqs

What purpose does a non-profit serve?

Societies may be set up for a wide range of purposes, such as daycare, recreation or arts,  sports, and social clubs. A non-profit’s purpose cannot be to make money, but the non-profit can operate a business to support its purposes. For example, a seniors’ network might operate a thrift shop (a business), but all the proceeds go toward providing services and programming for seniors (the non-profit’s purpose).