To qualify as an exempt organization, the applicant

a. May be organized and operated for the primary purpose of carrying on a business for profit, provided that all of the organization’s net earnings are turned over to one or more tax exempt organizations.

b. Need not be specifically identified as one of the classes upon which exemption is conferred by the Internal Revenue Code, provided that the organization’s purposes and activities are of a nonprofit nature.

c. Must not be classified as a social club.

d. Must not be a private foundation organized and operated exclusively to influence legislation pertaining to protection of the environment.