Start a Nonprofit: Filing for 501c3 Tax Exempt Status

Nonprofit Ally
Nonprofit Ally
161.5 هزار بار بازدید - 11 سال پیش - SPECIAL NOTE (Sept. 1, 2014):
SPECIAL NOTE (Sept. 1, 2014): There is now a form 1023EZ. It is shorter than this form (in video), cost less and you get your 501.c.3 quicker. Though you will still need to have all the documents I listed below.

Want a book that will teach you everything you need to know about starting a Nonprofit. Get Nolo "How to Form a Nonprofit" book at https://nonprofitally.com/nolo

Learn more about the 1023EZ at:
http://nonprofitally.com/get-your-501...

This video is an overview of the 501c3 nonprofit 1023 application process. To become a tax deductible nonprofit you need to get 501.c.3 status. To do this you must submit a form 1023 to the IRS. You must also include your nonprofit articles of incorporation and your bylaws.

Here are some other important details you should be aware as you start the 501.c.3. process:

BEFORE YOU START filling out form 1023, be sure you have:

Filed your Articles of Incorporation: http://nonprofitally.com/articles
Prepared your Bylaws: http://nonprofitally.com/bylaws
Held your First Nonprofit Meeting: http://nonprofitally.com/meeting

The IRS is going to ask for some specific details to be documented in you application. So be prepared to spend a few days filling out this form and gathering your resources.

YOUR ARTICLES OF INCORPORATION and/or your bylaws should include:

A statement of your exempt purpose(s), (such as charitable, religious, educational, and/or scientific purposes)
A dissolution clause
A conflict of interest clause

ALSO, BE PREPARED TO give detailed answers about your*:
Compensation of officers, directors, trustees, employees, and independent contractors
Past, present, and planned activities
Financial revenues and expenses

*You may not know all of this information if you are a new nonprofit. An informed best guess is suitable, just be sure to state this in your documentation.

OTHER RESOURCES

A great book to help with this process is the "Nolo: How to Form a Nonprofit Corporation". This book includes a CD with sample bylaws and articles of incorporation. Learn more about the book at:

http://nonprofitally.com/nolo
(This is an affiliate link. I only recommend what I use and this book was invaluable. I highly recommend it.)

The Nonprofit Ally website has a FREE "How to Start a Nonprofit" section at:
http://nonprofitally.com/start-a-nonp...

Good luck. I hope this was helpful.
11 سال پیش در تاریخ 1392/08/19 منتشر شده است.
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