The Association is a nonprofit public benefit organization organized under Florida Non-Profit Public Benefit Corporation Law for public and charitable purposes. FTAA is organized to be compliant for Federal Tax Exemption under the section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law). FTAA is not organized for profit, and no part of its income, if any, will nourish the benefit of Members, Officers, Directors, Members of the Audit committee, Ethics Council, or any other committees because of their services.

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