This guide covers nonprofit governance and tax-exempt compliance from formation through dissolution. Part One explains the consequences of having no owners and who actually enforces the duties. Part Two covers the three fiduciary duties in operation. Part Three covers conflicts of interest and the process that makes insider transactions defensible. Part Four covers the excess benefit regime and personal exposure. Part Five covers exemption conditions, inurement, and political activity limits. Part Six covers public charity classification and private foundation rules. Part Seven covers unrelated business income. Part Eight covers the annual filing and state obligations, and Part Nine covers restricted gifts, transactions, and dissolution.