What is PeriTrax?
Definition PeriTrax are “complete paths” or “all-encompassing journeys.”
PeriTrax Inc is a Michigan Domestic Nonprofit Corporation whose purpose is:
● to increase community awareness of, and access to, sustainable facilities and materials related to preventative and restorative health
● to facilitate the design and implementation of branded, large-scaled functional infrastructures, in conjunction with other parties, that provide both unfettered and fee-based access to anyone visiting the sites
● to establish a public/private consortium to plan within, and utilize, the sites for functions related to community-wide improvements regarding preventative and restorative health
● to help build a sustainable national Sharing System that increases opportunities and augments funding for resolving the needs of individuals and nonprofits
PeriTrax is organized exclusively for altruistic purposes. Specifically, we are organized exclusively for “charitable, religious, educational, and scientific purposes” for the public good, “including, for such purposes, the making of distributions to organizations that qualify as exempt organizations described under Section (501)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code.”
Upon dissolution, PeriTrax agrees to the following: “Assets will be distributed for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government for a public purpose.”
(We filed Form 1023 with the IRS on February 18, 2024. We have the understanding that, because the agency is understaffed, our 501 c3 status is pending as of November 5, 2024, and will continue to be so until our application is approved.)
Stay tuned.
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