[TheThinkTank] collective vs non-profit

Hey,

Can someone lay out a simple list of pros and cons for each please? Right now we're a 501c3, with a 5 member board of directors, 2 part time employees, and several committed volunteers.

We came across some issues with the gambling commission when we were trying to get a fundraiser/raffle together. Basically, we need a 15 member voting-member body that votes on the board, which sounds like a collective to me. I don't know, maybe it's not. I'm confused.

Thanks, liza