Nonprofit Consultant Draft
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Non-profit organizations use profits to advance their programs rather than distribute to owners, and fall into categories like trade associations, charities, social clubs, government groups, and political groups. Forming a non-profit requires filing articles of incorporation and bylaws with the state, as well as an IRS application for tax exemption which has various fees depending on the type of determination required. This document provides information on the legal requirements and process for establishing a non-profit organization in Texas.
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Nonprofit Consultant Draft
- 1. THINKING OF FORMING A NON- PROFIT??
- 2. By-laws Articles of incorporation Texas application for exemption Table of Content What is Non-Profit Organization? Articles of Incorporation Texas Application for Exemption Wilson's non profit consulting
- 3. What is a Nonprofit Organization? The difference between nonprofit and for-profit organizations is that nonprofits use their profits to advance their programs, while for-profits distribute their profits to their owners or stockholders. Nonprofit organizations fall into five main categories: 1) Trade associations, organized to advance a group of people who have a profession in common (for example, Association of Research Librarians, International Association of Meeting Planners). This group also includes chambers of commerce and unions. 2) Charitable organizations, which must generally demonstrate a benevolent component. This is a diverse category, including religious groups, museums, environmental and educational organizations, libraries, and the many helping groups referred to as "charities." They are also referred to as 501 (c)(3) organizations, because that is the number of the IRS Code under which they are described. 3) Social clubs, such as country clubs and fraternal organizations. 4) Governmental groups, including city, county, state, and federal agencies. 5) Political groups, generally organized to promote certain policies, issues, or candidates for political office.
- 4. Articles of Incorporation This legal document outlines the general purpose and structure of the organization and its intent to operate exclusively with a nonprofit purpose. The articles are filed with the state government if and when the nonprofit is incorporated. They usually follow a standard form and contain a minimum of detail because they are cumbersome to change. What are Bylaws? Nonprofit bylaws are the rules and methods that your organization follows to insure legality and productivity. Nonprofit bylaws by themselves are more of an internal document than required in United States, but a well planned and clear structure will take out the guess work and corruption out of your organization especially in time of disagreement between board members. This is the document that specifies the election process of directors, your meeting manners, the role of the employees, and many more roles. Take your time when it comes to drafting your bylaws, its the make or break it document. Fees for Filing 501c through the IRS Issue/Type of Request Office of Jurisdiction User Fee Exemption application user fees EO Determinations Organizations with annual gross receipts $10,000 during preceding 4 years (Form 1023 or Form 1024) 501(c)(3) organizations with annual gross receipts $50,000 and assets $250,000 (Form 1023-EZ) $400 Organizations with annual gross receipts > $10,000 during preceding 4 years (Form 1023 or Form 1024) $850 Group exemption requests EO Determinations $3,000
- 5. Other determinations EO Determinations Regulations section 301.9100 relief in connection with applications for recognition of exemption None Advance approval of set-asides (Code section 4942(g)(2)) $1,000 Advance approval of voter registration activities (Code section 4945(f)) $1,000 Section 4945 advance approval of organization's grant making procedures (Form 8940) $1,000 Exemption from Form 990 filing requirements $400 Advance approval of "unusual grant" $400 Determination of Type of a section 509(a)(3) organization $400 Reclassification of foundation status, including a voluntary request from a public charity for private foundation status $400 Termination of private foundation status under section 507(b)(1)(B) - advance ruling request or notice under section 507(a)(1) or 507(b)(1)(B) $400 Other determination letters under the jurisdiction of the Determinations office $400 Accounting method changes (Form 3115) EO Determinations None Accounting period changes (Form 1128) EO Determinations None Canadian registered charities EO Determinations None Confirmation of exemption (to replace lost exempt status letter, and to reflect name and address changes) EO Determinations None Qualified subsidiaries of section 501(c)(25) organizations EO Technical $2,250 Section 514(b)(3) neighborhood land use rule EO Technical None Section 4943(c)(7) extensions of disposal period EO Technical $10,000
- 6. Section 6104(d) harassment campaign letter rulings EO Technical None Letter rulings EO Technical $10,000
- 7. Wilson's non profit consulting Insert Image Here Contact Person: Title: Email: Phone Number: Specialties: