Our Mission is to reduce motorcycle crash fatalities while being an effective, transparent and professionally run 501(c)(3) public charity. We are a resource for the general public and governmental agencies, and we are purposefully independent of the motorcycling industry.
What does it mean to be a non-profit, or public benefit corporation?
“Unlike business corporations, which have shareholders and stockholders who are “owners” of the corporation, there is no stock, no shares and no “owners” in nonprofit corporations. The money and assets of 501(c)(3) nonprofit organizations like National Motorcycle Institute (NMI) are considered public funds, and the members of its Board of Directors are considered “trustees” of its funds on behalf of the public. The directors and officers of a 501(c)(3) nonprofit organization like NMI are not the owners of the organization, and they have no right to use or take any of the organization’s funds or assets. They are there to serve the organization and the needs of the public.” – David Atkin, Attorney, Director, Center for Nonprofit Law