Everything you always wanted to know about starting a non-profit* *But were afraid to ask

28 Pages·2013·0.42 MB·English

by  Morey Mechlin

“Everything you always
wanted to know about
starting a non-profit*

*But were afraid to ask”

Morey Mechlin
Stop! Check out your options.
Starting a nonprofit.
Gain support.
Define purpose.
• Develop concept
• Define purpose and goals
• Consider funding sources
• Find leader
Form steering committee.
• Steering committee will focus on the key goal
of making nonprofit official – taking the legal
steps necessary to become a tax exempt entity
with the ability to raise funds.
• Steering committee is different than a board
of directors.
Becoming a nonprofit organization.
• This process includes:
– Filing an application for approval of Certificate of
Incorporation by State Supreme Court
– Obtaining a letter of tax exemption from State
Department of Revenue
– Filing articles of incorporation and fees with the
Secretary of State
– Registering as a nonprofit corporation with the
State Attorney General

501(c)3 status.
• A 501(c)3 organization is any organization
described in section 501(c)3 of the Internal
Revenue Code, organized exclusively for
charitable, educational, scientific or religious
purposes described in the code.
• To become a 501(c)3 organization, you must
have filed articles of incorporation with
Secretary of State.
Info available.
• Application for Recognition of Exemption
under Section 501(c)3 of the Internal Revenue
Code – Form 1023
• Publication 557 “Tax Exempt Status for Your
Organization”
• Publication 598 “Tax on Unrelated Business
Income of Exempt Organization”