A 501(c)(7) is a social club, which has its own set of rules that can be found here:
www.irs.gov
Requirements for filing a 990 -- at least for a 501(c)(3)-- is annual income in excess of $25,000.
I would look through the rules to see what the proper distribution of assets is for it but I am fairly certain that outside distribution, at least for a 501(c)(3) is not permitted.
And I am not sure it's a nonprofit corporation you have already formed unless its been granted a 501 status of some sort from the Feds. It seems to me that until then, its just a corporation. I would prefer to see a CPA consulted since there seems to be some oversite here that is fretful.