IRC 501(c)(6) provides for exemption of business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues (whether or not administering a pension fund for football players), which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual.

SAFETY AND RELIABILITY ASSOCIATION, INC. is organized for the purposes of promoting such common business, professional, and educational interests of its members as may qualify the corporation as exempt within the meaning of Section 501(c)(6) of the Internal Revenue Code of 1986 or the corresponding section of any United States Internal Revenue Law (the “Code”). Within such limits, the corporation is specifically organized to improve operator-driven safety and reliability into the industrial, commercial, and utility markets through working groups of industry professionals that are members of the corporation, to create better practices to improve safety and reliability, and to reduce downtime within the sectors served. Dues from members will constitute the primary source of support for the corporation.

No part of the net earnings of the corporation shall inure to the benefit of or be distributable to its directors, officers, members, or other private individuals, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in the purpose clause hereof. The corporation will not engage in a regular business of a kind ordinarily carried on for profit. To the extent it would disqualify the corporation from tax exemption under section 501(c)(6) of the Code, no substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the organization shall not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other provisions of this document, the corporation shall not carry on any other activities not permitted to be carried on by an organization exempt from federal income tax under section 501(c)(6) of the Code.