501(c)3

(VIDEO) How Long Does it Take to Get a 501(c)3?

Google the term "How to start a nonprofit" or "How to get tax-exempt 501(c)3 status" and you'll see many results with people expressing confusion, frustration and even anger over IRS approval delays which at their height not long ago, ran 18 months … [Read more...]

(VIDEO) Do I Need a Lawyer to Start a 501(c)3?

 Starting a nonprofit organization can be a daunting process, and it’s tempting to turn to a lawyer anytime one is facing a series of confusing bureaucratic processes.Yet, very few attorneys have the experience of doing any more than a … [Read more...]

How Long Does it Take to Start a 501(c)3 Nonprofit? (VIDEO)

Google the term "How to start a nonprofit" or "How to get tax-exempt 501(c)3 status" and you'll see many results with people expressing confusion, frustration and even anger over IRS approval delays which at their height not long ago, ran 18 months … [Read more...]

3 Types of 501(c)3 Nonprofit Organizations

 You hear the term “501(c)3” used to identify “nonprofits” but did you know that there are 3 distinct types of 501(c)3 nonprofit organizations that the IRS recognizes in the Internal Revenue Code?The different types of 501(c)3 offer you … [Read more...]

How to Avoid “Conflict of Interest” on a Nonprofit Board of Directors

 You must identify and eliminate any conflict of interest issues.Dotting “i”s and crossing “t”s on the application is not always enough. You need to be sure your nonprofit entity’s structure or activities do not raise IRS Red Flags for … [Read more...]

(VIDEO) How to Incorporate a Nonprofit

 Benefits of Nonprofit IncorporationFirst and foremost, nonprofit incorporation is necessary to obtain 501(c)3 tax-exempt status, which opens the floodgates to accessing the financial resources needed to run a successful nonprofit … [Read more...]

The Key Forms Required for IRS Approval on Your 501c3 Application

 Every year, thousands of IRS Form 501c3 applications get mired down in the offices of faraway bureaucrats—not because they violate any IRS rules or are poorly written, but because they omit key forms and schedules.Congratulations—you … [Read more...]

How To Write a “Narrative of Activities” for IRS Approval on Your 501c3 Application

 501c3 IRS APPROVAL Requires a Clear Description of How You’ll Execute on Your Nonprofit Mission.But, before we dive in, it’s important to know that the first step in making the IRS love your 501c3 application is defining your nonprofit … [Read more...]

How to Make the IRS Love Your 501c3 Application With Your Nonprofit Mission Statement

 State Your Nonprofit’s Mission in Simple, Concrete TermsEven if your organization has a mission so important that it seems the world may stop spinning without it, you probably won’t get very far with the IRS is you can’t communicate … [Read more...]

What is a 501(c)3?

 What is a 501(c)3?Commonly known by its IRS code designation, 501(c)3 is a tax exempt status bestowed by the IRS upon your nonprofit organization. It’s regulated and administered by the US Department of Treasury through the IRS. It’s … [Read more...]