LLC ↔ nonprofit separation

Entities:

Entity	Role
Apex STEM Education Inc.	501(c)(3) applicant — donations, grants, programs
Ridge Racers STEM Education LLC	Separate — ops/merch optional

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Required

• Separate bank accounts and bookkeeping
• Written agreements if LLC provides services to nonprofit
• Fair market value pricing
• Board approval + conflict disclosure
• Family trustees recuse on LLC-related votes

Formation reference: checklist Phase 8

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Annual attestation

Board minutes: no commingling; related-party transactions logged.

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Standing warning (finance SOPs)

Do not pay LLC invoices from the nonprofit account without board-approved contract.