Modernizes the NC Nonprofit Corporation Act; creates a simple, online, no-fee annual report for NC nonprofits; allows nonprofits to merge with unincorporated nonprofit associations or limited liability companies (LLCs) that are treated as 501(c)(3) charitable organizations for federal tax purposes; simplifies the process for nonprofits incorporated in other states to become NC nonprofit corporations; creates a process for other business entities to convert to nonprofit corporations; requires nonprofits incorporated in NC in the future, other than private foundations, to have at least three board members; clarifies that donor acknowledgment statements that follow the requirements of federal tax law are also acceptable for state law purposes; companion to SB 489.