An officer is a person elected or appointed to manage an organization’s daily operations, such as a president, vice president, secretary, or treasurer.
Form 990, Part VI, Line 11 relates to the organization’s process for filing the Form 990 prior to the form being filed with the IRS. Line 11 includes two parts.
Probably the main reason for you to form a nonprofit organization rather than a for-profit entity is the exemption benefits that come with the tax-exempt status.
By incorporating your nonprofit you create a legal entity whose primary function is to provide limited personal liability protection to those managing the organization.
When setting up your nonprofit organization, the two key steps you want to accomplish: incorporate the organization (not obligatory but wise) in your state of main activity and apply for its tax-exempt status with the IRS. In addition, you should investigate what other registration and licensing requirements apply to your organization in order to be compliant with federal, state, and local laws and to be able to reap the additional benefits your tax-exempt status provides.