This document provides an overview of the steps involved in starting a nonprofit organization, including establishing a board of directors, legal formation through filing articles of incorporation with the state, applying for 501(c)(3) federal tax exemption, complying with state-level regulations, and fulfilling annual reporting requirements. It discusses the services offered by CharityNet USA to help nonprofits with tasks such as document preparation, registrations, bookkeeping, and strategic planning. The conclusion emphasizes helping clients generate revenue and build a strong operational foundation through recommended services.
Fundraising from America: Setting up a US Non-profitAdam Davidson
New and updated for 2015.
Most American individuals, foundations & companies will only support charitable organizations outside the USA by making gifts and grants to a US non-profit known as a 501(c)(3). Setting up a 501(c)(3) is not a painful process but it is subject to a number of corporate and tax laws and regulations. We will be asking whether American fundraising is right for your organization whilst covering all the tax & legal issues involved through the setting up process.
Note: This information was not intended to be legal advice. It is advised that you consult your own legal expert in regard to your specific situation.
Fundraising from America - A guide to State RegistrationAdam Davidson
Are you sure you know all about this often-misjudged requirement that is fast becoming one of the most common Noncompliance issues when Fundraising from America?
US states are increasingly requiring registration if you fundraise in their state. If you have an office, address, staff, bank account or other ‘permanent’ activities in a state you may also be required to register in that state to do business. Each state is different in what it considers fundraising – in some merely having a website is enough. We will spend an hour talking about what this could mean for your 501(c)(3) organisation – what constitutes fundraising or operating a state, what registration is required and when you should do so and how much it will cost you either to register or in penalties if you fail to do so.
Have you thought about starting a nonprofit or foundation and are not sure where to begin? Or, perhaps you're "stuck" trying to complete the confusing and complicated IRS paperwork.
If you answered "yes" to either of these questions, you'll want to view our presentation on the 7 Secrets to Starting a Nonprofit or Foundation.
This presentation will show you, step by step, what to do when applying for tax exempt status and what to expect once you have submitted your application. We'll also share the secrets we have learned about how to avoid excessive delays, (including the three things you must never do) and specifically what the IRS is looking for when evaluating nonprofit applications.
Fundraising from America: Setting up a US Non-profitAdam Davidson
New and updated for 2015.
Most American individuals, foundations & companies will only support charitable organizations outside the USA by making gifts and grants to a US non-profit known as a 501(c)(3). Setting up a 501(c)(3) is not a painful process but it is subject to a number of corporate and tax laws and regulations. We will be asking whether American fundraising is right for your organization whilst covering all the tax & legal issues involved through the setting up process.
Note: This information was not intended to be legal advice. It is advised that you consult your own legal expert in regard to your specific situation.
Fundraising from America - A guide to State RegistrationAdam Davidson
Are you sure you know all about this often-misjudged requirement that is fast becoming one of the most common Noncompliance issues when Fundraising from America?
US states are increasingly requiring registration if you fundraise in their state. If you have an office, address, staff, bank account or other ‘permanent’ activities in a state you may also be required to register in that state to do business. Each state is different in what it considers fundraising – in some merely having a website is enough. We will spend an hour talking about what this could mean for your 501(c)(3) organisation – what constitutes fundraising or operating a state, what registration is required and when you should do so and how much it will cost you either to register or in penalties if you fail to do so.
Have you thought about starting a nonprofit or foundation and are not sure where to begin? Or, perhaps you're "stuck" trying to complete the confusing and complicated IRS paperwork.
If you answered "yes" to either of these questions, you'll want to view our presentation on the 7 Secrets to Starting a Nonprofit or Foundation.
This presentation will show you, step by step, what to do when applying for tax exempt status and what to expect once you have submitted your application. We'll also share the secrets we have learned about how to avoid excessive delays, (including the three things you must never do) and specifically what the IRS is looking for when evaluating nonprofit applications.
Fundraising from America - A Guide to State Registration (New look slides)Adam Davidson
New look slides!
Are you sure you know all about this often-misjudged requirement that is fast becoming one of the most common Noncompliance issues when Fundraising from America?
US states are increasingly requiring registration if you fundraise in their state. If you have an office, address, staff, bank account or other ‘permanent’ activities in a state you may also be required to register in that state to do business. Each state is different in what it considers fundraising – in some merely having a website is enough. We will highlight what this could mean for your 501(c)(3) organisation – what constitutes fundraising or operating a state, what registration is required and when you should do so and how much it will cost you either to register or in penalties if you fail to do so.
In depth presentation on considerations for choosing the most beneficial entity for a particular business or financial situation - LLC, Sole Proprietorship, General Partnership, etc. Contact Goldin Peiser & Peiser, LLP for more information or visit www.gppcpa.com.
Succeed from the start, your guide to bringing your business to the U.S.Emma Cowdery
Learn the steps of opening a business in the U.S. from beginning to end. Brought to you by the Delaware Concierge Team for International Business, this guide outlines the necessary components of setting up your U.S. branch office from incorporating, taxes, visas, hiring employees and more. Read success stories of other international firms and get connected with experts that will help you.
10 faq for foreign companies establishing operations in the united statesEliot Norman
THese Frequently asked questions (FAQ) cover corporate formation, protection of Intellectual property, contracts, visas, taxes and more. A checklist of what you need to consider before setting up a company in the USA.
Learn more about starting and sustaining a nonprofit in Washington, DC at www.wdcep.com/business-in-dc/starting-a-nonprofit/
June 13th, 2012: WDCEP hosted its monthly DoingBusiness2.0 speaker series. This edition focused on starting a nonprofit in DC. George Constantine, a partner at Venable LLP that counsels tax-exempt charities, trade associations, professional societies, and labor organizations, lays the groundwork to starting a nonprofit in DC.
Canadian Incorporation - Nonprofit, Charity, etc.CareerSkills
Our volunteer prepared this presentation about options for incorporating our organization back in the early days. It includes requirements, legal and financial considerations, and a bit more info.
***We are not experts, this is our experience only, please do not consider this professional advice and please don't sue us if it's inaccurate and/or when you use it things don't turn out well!
Nonprofit CPA Salinas, Nonprofit Audit Salinas, Nonprofit management SalinasPresentation from Hayashi &Wayland CPAs discussing how nonprofit can benefit from running their organization more like a business -
This is one of presentations from the 2009-2010 Game Industry Start Up Workshop Series. The first workshop topic was "How to Form and Protect Your Business" and it took place on 9/15/09.
Відкрита дискусія «Міфи про Делавер VS особистий досвід. Частина 1»? організована Комітетом АПУ з питань телекомунікацій, інформаційних технологій та Інтернету, Київ, 15.03.2017
Fundraising from America - A Guide to State Registration (New look slides)Adam Davidson
New look slides!
Are you sure you know all about this often-misjudged requirement that is fast becoming one of the most common Noncompliance issues when Fundraising from America?
US states are increasingly requiring registration if you fundraise in their state. If you have an office, address, staff, bank account or other ‘permanent’ activities in a state you may also be required to register in that state to do business. Each state is different in what it considers fundraising – in some merely having a website is enough. We will highlight what this could mean for your 501(c)(3) organisation – what constitutes fundraising or operating a state, what registration is required and when you should do so and how much it will cost you either to register or in penalties if you fail to do so.
In depth presentation on considerations for choosing the most beneficial entity for a particular business or financial situation - LLC, Sole Proprietorship, General Partnership, etc. Contact Goldin Peiser & Peiser, LLP for more information or visit www.gppcpa.com.
Succeed from the start, your guide to bringing your business to the U.S.Emma Cowdery
Learn the steps of opening a business in the U.S. from beginning to end. Brought to you by the Delaware Concierge Team for International Business, this guide outlines the necessary components of setting up your U.S. branch office from incorporating, taxes, visas, hiring employees and more. Read success stories of other international firms and get connected with experts that will help you.
10 faq for foreign companies establishing operations in the united statesEliot Norman
THese Frequently asked questions (FAQ) cover corporate formation, protection of Intellectual property, contracts, visas, taxes and more. A checklist of what you need to consider before setting up a company in the USA.
Learn more about starting and sustaining a nonprofit in Washington, DC at www.wdcep.com/business-in-dc/starting-a-nonprofit/
June 13th, 2012: WDCEP hosted its monthly DoingBusiness2.0 speaker series. This edition focused on starting a nonprofit in DC. George Constantine, a partner at Venable LLP that counsels tax-exempt charities, trade associations, professional societies, and labor organizations, lays the groundwork to starting a nonprofit in DC.
Canadian Incorporation - Nonprofit, Charity, etc.CareerSkills
Our volunteer prepared this presentation about options for incorporating our organization back in the early days. It includes requirements, legal and financial considerations, and a bit more info.
***We are not experts, this is our experience only, please do not consider this professional advice and please don't sue us if it's inaccurate and/or when you use it things don't turn out well!
Nonprofit CPA Salinas, Nonprofit Audit Salinas, Nonprofit management SalinasPresentation from Hayashi &Wayland CPAs discussing how nonprofit can benefit from running their organization more like a business -
This is one of presentations from the 2009-2010 Game Industry Start Up Workshop Series. The first workshop topic was "How to Form and Protect Your Business" and it took place on 9/15/09.
Відкрита дискусія «Міфи про Делавер VS особистий досвід. Частина 1»? організована Комітетом АПУ з питань телекомунікацій, інформаційних технологій та Інтернету, Київ, 15.03.2017
Presentazione dell'Offerta Formativa dell'Istituto Pantheon: Corsi Accademici triennali di primo livello e Corsi Professionali.
I Corsi Accademici sono autorizzati con Decreto Ministeriale prot. n. 626 del 18/07/2013 e rilasciano, al loro termine, previa discussione della tesi di Laurea, un Diploma Accademico di primo livello equivalente alla Laurea triennale.
I Corsi Professionali sono autorizzati ai sensi della Legge 845 del 21/12/1978 e rilasciano Attestati di Qualifica e Specializzazione Professionale con validità legale in Italia ed in tutto il territorio dell'Unione Europea
euroCRIS DSpace-CRIS repository presentation delivered May 12th, 2014 at the #CRIS2014 euroCRIS membership business meeting in Rome. The new euroCRIS repository holds and offers open access to all the CRIS2014 conference submissions, http://bit.ly/1iFFZo9
Industrial big-data analysis tools like Hadoop are often unwieldy, cumbersome to use and expensive to maintain, especially if you're new to the field. It is well and good if you have a cluster set up and a handy team of engineers to maintain it. But what if you're a researcher, alone with a big dataset, a Linux machine (or, better, several) and no clue how to do Java?
In this talk I am sharing a few handy tricks on how to quickly process and run preliminary analysis on large datasets with nothing more than LuaJIT and some shell magic.
So, you have made a decision on the form of business entity, whether it is a corporation, LLC, or even a non-stock/non-profit. Like any well-oiled machine, it is not enough to set it up, now you have to keep it in working order. Corporate compliance is what you do after forming an entity to make sure the business remains in good standing with specific state law requirements. This webinar discusses how to maintain compliance with various state law requirements, including Delaware. Notice requirements and best practices on recording meetings will be reviewed, including which communications are protected by the attorney-client privilege and which ones are not. The importance of maintaining separate business and personal assets is analyzed. By-laws are analyzed, including how action is taken, whether by proxy, consents, resolutions, voter agreements, including the impact of technology on corporate action. Corporate compliance and ethics programs are discussed, including best practices; in particular, who should be a part of the reporting structure and who should not. Also discussed is whether the compliance program should be a stand-alone program or if it should be integrated into the normal business process of a company.
Part of the webinar series: CORPORATE & REGULATORY COMPLIANCE BOOT CAMP 2021 - PART 2
See more at https://www.financialpoise.com/webinars/
Setting up a company in the USA as a Non-Resident (IT Industry)Smart Accountants
With the Tax Season shaking the entire industry, only something valuable should divert your attention. And believe us when we say that our webinar series, which covers a variety of highly engaging topics around U.S Taxation is exactly what you should be focusing on!
Non Profit Formation - how to create a non-profit presented by Wayne Lippman CPA
Rules of the Game for Tax Exempt Non-Profits
Getting Into the Game: How to Obtain Tax Exempt Status
Playing Well with Others: Collaborating with Other Non-Profits and For-Profits
Presented by Wayne Lippman CPA.
Similar to Partner Training: Starting a Nonprofit (20)
In this 1 hour webinar hosted by CharityNet USA, we discuss branding and how it is essential to the success of your nonprofit organization. For more information on nonprofit marketing, please visit: http://www.charitynetusa.com/nonprofit_marketing.php
Strategically Planning Your Nonprofit's Way to SuccessGrace Dunlap
In this 1 hour webinar hosted by CharityNet USA, we discuss the benefits of having a strategic plan for your organization and how it can lead the way to success! For more information on strategic plans, please visit: http://www.charitynetusa.com/nonprofit_strategic_planning.php
Social Media Extravaganza for NonprofitsGrace Dunlap
In this 1 hour webinar hosted by CharityNet USA, we discuss the breakdown of social media for nonprofit organizations, including: micro-blogging, blogging, video sharing, bookmarking and more. For more information on nonprofit marketing, please visit: http://www.charitynetusa.com/nonprofit_marketing.php
Grant Funding for Nonprofit OrganizationsGrace Dunlap
In this 1 hour webinar hosted by CharityNet USA, we discuss the benefits and stipulations of grant funding for nonprofit organizations. For more information on grants, please visit: http://www.charitynetusa.com/grants.php
Nonprofit Board of Directors Best Practices Grace Dunlap
In this 1-hour webinar hosted by CharityNet USA, we review the 20 best practices for nonprofit board of directors. For more information on nonprofit startup, visit: charitynetusa.com/nonprofit_startup.php
10 X 10 PROGRAM: Combining Capacity Building & Fundraising to Grow your Nonpr...Grace Dunlap
In this 1 hour webinar hosted by CharityNet USA, we discuss how CharityNet can help your nonprofit raise $10,000 in 10 weeks! For more information on fundraising, please visit: http://www.charitynetusa.com/fundraising.php
10 X 10 PROGRAM: Combining Capacity Building & Fundraising to Grow your Nonpr...Grace Dunlap
In this 1 hour webinar hosted by CharityNet USA, we discuss how CharityNet can help your nonprofit raise $10,000 in 10 weeks! For more information on fundraising, please visit: http://www.charitynetusa.com/fundraising.php
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
2. Nonprofit Formation Overview NPO Formation Overview Board Establishment Legal Formation Application for Federal Tax Exemption State-level Compliance Annual Reporting CharityNet USA Services & Processes
3. Points to Consider What is involved in legal formation? What resources are available? Where will the organization be located? Will it qualify for tax exemption? What are the reporting requirements?
4. Establishing a Nonprofit: Step by Step Establish a Board of Directors. File Articles of Incorporation with the state. Make sure the organization is registered in each state in which funds will be solicited. Become recognized as a 501(c)(3) organization. Obtain exemption from state income and sales taxes, if possible. Maintain compliance with annual filings.
5. Board Establishment NPO Formation Overview Board Establishment Legal Formation Application for Federal Tax Exemption State-level Compliance Annual Reporting CharityNet USA Services & Processes
6. Why a Board of Directors? There must be some protection built into the system so the government can feel that the public purposes of a nonprofit are being carried out. It requires that a group of individuals act as guardians of the public trust, whohave the public’s interest at heart. An effective board can make it possible for the management, staff, and volunteers to focus upon the day-to-day tasks of making that mission a reality.
7. Board Responsibilities The Board is Responsible for: The conduct of the nonprofit organization (Legally and financially) Defining the organization’s mission, goals, and objectives Public accountability and creation of public value
8. Board Activities The Activities of a Board Include: Creates mission statement and reviews it periodically Makes policies (Drafting AOI, Bylaws, Conflict of Interest Policy, Trustee Manual) Selects, evaluates, and terminates the chief executive Appoints committees for different purposes Enhances nonprofit’s public reputation Manages the organizations funds Assists in developing annual budget Makes personal financial contributions Assesses its own performance Engages in long term strategic planning
9. What Board Member do NOT do: Become involved in day to day operations of the organization Hold owner’s equity in any organization assets Receive compensation or salary for their Board duties
10. IRS Board Guidelines for 501(c)(3) Must have a minimum of 3 members on the Board of Directors Must have a minimum of 51% that are strictly volunteer Must have 51% unrelated in family or business
11. Board Indemnification Most organizations indemnify their Board members, meaning that in most cases they cannot be held individually responsible for legal action against the organization. However, if a trustee shows negligence in financial matters they can and will be held personally liable.
12. Legal Formation NPO Formation Overview Board Establishment Legal Formation Application for Federal Tax Exemption State-level Compliance Annual Reporting CharityNet USA Services & Processes
13. Where will the Organization be Located? The organization should be incorporated and headquartered near your planned area of operations. Keep in mind a Registered Agent must have a physical address in the state where the business is incorporated.
14. Choosing an Organization Name Choose a name that is marketable, unique, and describes what the organization will do, or will aspire to relate. Avoid naming the organization after an individual, in most cases. Develop a mission statement relating to the organization’s name and planned activities.
15. Incorporation To become a legally established nonprofit corporation, the organization must file Articles of Incorporation with their state. This is the governing document that establishes the purpose of the organization, and puts limits on the activities the organization may undertake. Specific information required by the IRS must be included if the organization wishes to apply for tax exemption. The format of this document will vary by state.
16. Application for Federal Tax Exemption NPO Formation Overview Board Establishment Legal Formation Application for Federal Tax Exemption State-level Compliance Annual Reporting CharityNet USA Services & Processes
17. Why 501(c)(3) ? A common next step is to request determination under IRC 501(c)(3) Many types of nonprofit organizations may qualify for exemption from federal income taxes, however that exemption is not automatic. Applications must be filed with the Internal Revenue Service requesting the privilege of tax exemption for the organization.
18. 501(c)(3) Benefits 501(c)(3) Organizations: Do not pay federal corporate income tax. With this exemption, an organization can save 15-35% of its taxable income. In most cases do not pay state corporate, franchise, excise, sales, and use taxes. Can offer individual and corporate donors a tax deduction for their contribution. This is an incentive for taxpayers who itemize their deductions. Are eligible to receive foundation grants. Are eligible for lower postal rates with the U.S. Postal Service. Are viewed as a whole as reputable organizations.
19. 501(c)(3) Application Package At minimum, to apply with the IRS for recognition as a 501(c)(3), and organization will need: Form 1023 Application for exemption Financial Plan (3-5 years) Articles of Incorporation Bylaws Conflict of Interest Policy
20. State Level Compliance NPO Formation Overview Board Establishment Legal Formation Application for Federal Tax Exemption State-level Compliance Annual Reporting CharityNet USA Services & Processes
21. State Level Compliance A variety of state-level filings may have to be completed on an annual basis. Failure to complete all state required filings may result in the organization owing state taxes, falling out of good standing, or even being administratively dissolved.
22. Form 941 for Employees This is a quarterly filing for organizations who have paid employees. Like all employers, charities who pay wages must withhold, deposit, and pay employment taxes-including federal income tax, Social Security, and Medicare.
23. State Corporate Tax Returns Nonprofits must be sure to obtain state level sales and income tax exemptions, if available in their state. If the organization is not granted state exemption, they must file and pay taxes! In some cases, organizations exempt from state taxes must still file some sort of annual return (varies state to state)
24. Annual Reporting NPO Formation Overview Board Establishment Legal Formation Application for Federal Tax Exemption State-level Compliance Annual Reporting CharityNet USA Services & Processes
25. Books and Records Organizations must keep adequate records of their finances, thus professional bookkeeping is essential: Document all sources of receipts and expenditures Keep donor records Retain all supporting documents-such as grant applications and awards, sales slips, paid bills, deposit slips, cancelled checks Prepare annual financial statements
26. Form 990 Form 990 (Annual Tax return for Exempt Organizations) ALL organizations are now required to file, regardless of revenue Penalties imposed for not filing Revocation of 501 status if not filed for 2 or more years in a row Professional bookkeeping year round makes filing a breeze
27. Services & Processes NPO Formation Overview Board Establishment Legal Formation Application for Federal Tax Exemption State-level Compliance Annual Reporting CharityNet USA Services & Processes
28. Pricing Prices charged for completion of the paperwork necessary to establish a nonprofit organization will vary, depending on how far the client is in the process and how many supplemental documents they’ve already prepared. In addition, pricing may be affected by the number of state level filings required in the client’s state. Price quotes include only document preparation fees, and all government filing fees will be the responsibility of the client.
29. CharityNet Services: 501c3 tax exempt services State tax exemption & Charity Registrations Articles of Incorporation Grant writing Services Strategic Planning Services Web development Services Bookkeeping and Accounting Services
30. Our Process Once a sale has been made, clients are given access to a specific “Steps Page” related to the service purchased Here, they will find a variety of information, FAQ, processes, and questionnaire to help them provide us with quality content to complete their work. Additionally, we provide value added resources to build goodwill and help our clients manage or grow their business.
31. Conclusion As a nonprofit consultant, your goal is to be recognized as a trusted advisor, share ideas, and build relationships with local nonprofits and churches. CharityNet will support you with service experts in a variety of key competencies including tax & accounting solutions, marketing, graphic design, writing services, web development, and more. The key to success will be to help your clients find revenue through fundraising and then recommend fundamental services to build a strong foundation and successful future.