BY-LAWS OF MAENDELEO, INC.
Article I. NAME AND PURPOSE
(i) Name: The name of the organization shall be Maendeleo (hereafter referred to as “Maendeleo”). It shall be a tax exempt nonprofit corporation as defined by the Internal Revenue Code Section 501(c) (3) and incorporated under the laws of the District of Colombia.
(ii) Purpose: Maendeleo is organized exclusively for altruistic purposes. Maendeleo is an initiative by Tanzanians to improve the quality of life of Tanzanians. Maendeleo works by harnessing the energy, skills, network and other resources, of concerned individuals, especially of Tanzanians, to address the challenges facing the people of Tanzania. Furthermore, Maendeleo strives to inspire Africans to improve the lives of other Africans.
(iii) Duration: Maendeleo shall remain in operation indefinitely.
(iv) Fiscal Year: The fiscal year of the organization shall coincide with that of the calendar year, from January 1st to December 31st of each year, unless otherwise determined by the Board of Directors (hereafter referred to as the “Board”).