; and (B) demonstrates that the Organization has in effect adequate financial responsibility and financial controls, including fraud prevention measures and an audit schedule, to ensure proper management of funds. (4) Additional Organizations After January 1, 2035, on a determination by the Administrator that additional Organizations would be beneficial in satisfying the requirements of this part, the Administrator may approve additional Organizations that meet the requirements of this subsection. (5) Revocation (A) In general The Administrator shall revoke approval of an Organization under this subsection if the Administrator determines that the Organization— (i) ceases to meet the requirements of this part, including the criteria described in paragraph (3); or (ii) fails to implement and administer an approved Plan in a manner that effectuates the purposes of this part. (B) Replacement If the Administrator revokes approval of an Organization pursuant to subparagraph (A), the Administrator may approve 1 or more additional Organizations to carry out the responsibilities of the revoked Organization under this part for the applicable category of covered products or beverage containers, subject to the criteria described in paragraph (3). (c) Duties An Organization shall act as an agent, and on behalf, of each producer that is a member of the Organization to carry out the responsibilities of the producer under this part with respect to the applicable category of covered products or beverage containers. (d) Coordination If more than 1 Organization is established under subsection (a) with respect to a category of covered products or beverage containers, the Administrator shall, as necessary, establish a process to require coordination among those Organizations. (e) Nonprofit status Each Organization shall be— (1) established and operated as an organization described in section 501(c)(3) of the Internal Revenue Code of 1986