Canon Law

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nonprofit [2017/07/19 14:18] amycsjnonprofit [2023/06/30 15:16] (current) – external edit 127.0.0.1
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 ====== Establishing and Running A Nonprofit ====== ====== Establishing and Running A Nonprofit ======
   * Nonprofit Law and Consultation   * Nonprofit Law and Consultation
-  * Amy Hereford – JD, PhD+  * Amy Hereford – JD, JCD/PhD
   * 6400 Minnesota Ave – Saint Louis, MO 63111   * 6400 Minnesota Ave – Saint Louis, MO 63111
   * 314-972-4763 – amyhereford@gmail.com   * 314-972-4763 – amyhereford@gmail.com
-  * (c) www.ahereford.org+  * (c) [[http://www.ahereford.org]]
  
 ---- ----
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   * Tax Laws still apply   * Tax Laws still apply
   * Charitable Solicitation Laws still apply   * Charitable Solicitation Laws still apply
 +    * [[https://ago.mo.gov/civil-division/consumer/business-registrations/charitable-organizations-professional-fundraisers]]
   * Take account of costs and fees (3-15%)   * Take account of costs and fees (3-15%)
   * Equity, Loan, Gift   * Equity, Loan, Gift
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       * An attorney familiar with nonprofit law is an indispensable help in successfully meeting all these demands       * An attorney familiar with nonprofit law is an indispensable help in successfully meeting all these demands
     * File Articles of Incorporation and draft Bylaws.     * File Articles of Incorporation and draft Bylaws.
-    * Apply for Federal Tax ID number and Federal Tax Exempt status.+    * Apply for Federal Tax ID number and Federal Tax Exempt status. FREE 
 +    * [[https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online]]
  
 |  Articles of Incorporation  |  Bylaws  |  EIN SS-4  |  Tax Exemption Form 1023  | |  Articles of Incorporation  |  Bylaws  |  EIN SS-4  |  Tax Exemption Form 1023  |
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     * Filed with Secretary of State     * Filed with Secretary of State
     * Generally a fill in form, but care must be taken in drafting purpose clauses     * Generally a fill in form, but care must be taken in drafting purpose clauses
 +  * [[https://www.sos.mo.gov/business/corporations/forms.asp]] 
 +  * [[https://www.sos.mo.gov/CMSImages/Business/corp52.pdf?v=2]] 
 +  * Purpose and Dissolution - required language: [[https://www.irs.gov/charities-non-profits/suggested-language-for-corporations-and-associations]]
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   * Role and responsibilities of the Board   * Role and responsibilities of the Board
   * Meaningful oversight of staff – purposes, activities, financials   * Meaningful oversight of staff – purposes, activities, financials
-  * Amendment and Dissolution+  * Amendment and Dissolution - repeat required lanuage regarding purpose and dissolution.
  
  
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     * Tax exempt filing     * Tax exempt filing
     * Employment taxes     * Employment taxes
 +  * [[https://www.irs.gov/site-index-search?search=ein&field_pup_historical_1=1&field_pup_historical=1]]
  
 ===== Federal Tax Exemption Application ===== ===== Federal Tax Exemption Application =====
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   * Part XI User Fee   * Part XI User Fee
   * Supporting Schedules   * Supporting Schedules
 +  * [[https://www.irs.gov/pub/irs-pdf/f1023i.pdf]]
  
  
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   * Remember: Approved Forms 1023-EZ are open to public inspection   * Remember: Approved Forms 1023-EZ are open to public inspection
   * Don’t Forget to Pay the User Fee!   * Don’t Forget to Pay the User Fee!
-    Reduced 7/1/2016: $400 to $275+  [[https://www.irs.gov/forms-pubs/about-form-1023-ez]] 
 + 
 +|Application Type |User Fee| 
 +|Form 1023|$600| 
 +|Form 1023-EZ|$275
 +|Group exemption letter|$2,000| 
 + 
     * Must be paid through www.pay.gov     * Must be paid through www.pay.gov
   * Approval of your application is not guaranteed   * Approval of your application is not guaranteed
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   * Tax due on Unrelated Business Income – reported on Form 990-T   * Tax due on Unrelated Business Income – reported on Form 990-T
   * Information Return   * Information Return
 +  * 990N [[https://www.irs.gov/charities-non-profits/annual-electronic-filing-requirement-for-small-exempt-organizations-form-990-n-e-postcard]]
 +  * 990 & 990-EZ [[https://efile.form990.org/]]
  
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-** +**Local Regulatory Issues**
-Local Regulatory Issues**+
   * Business licenses and permits   * Business licenses and permits
     * Licensing and insurance of professionals     * Licensing and insurance of professionals
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 **Further Resources** **Further Resources**
-  * www.ahereford.org/nonprofit+  * [[www.ahereford.org/nonprofit]]
   * Email amyhereford@gmail.com for more information   * Email amyhereford@gmail.com for more information
-  * www.irs.gov/eo +  * [[www.irs.gov/eo]] 
-  * http://extension.missouri.edu/cd/orgdevcreating_nonprofit.html+  * [[http://extension.missouri.edu/nonprofit/nonprofit.aspx]] 
 +  * [[http://a.co/2Gs3WpJ|Non-Profit Workbook ]]
  
 ===== 6 reasons NOT to set up a Nonprofit ===== ===== 6 reasons NOT to set up a Nonprofit =====
   * 1. There is already an organization filling that need.   * 1. There is already an organization filling that need.
   * 2. You do not have other people “on board” yet.   * 2. You do not have other people “on board” yet.
-  * 3.Your idea is better suited as a for-profit enterprise+  * 3. Your idea is better suited as a for-profit enterprise
   * 4. Starting up takes time.   * 4. Starting up takes time.
   * 5. You’d like to plan a one time fundraiser.   * 5. You’d like to plan a one time fundraiser.
   * 6. Your type of cause makes it difficult to secure long term funding.   * 6. Your type of cause makes it difficult to secure long term funding.
  
 +===== Dissolution =====
 +  * Meet and/or extinguish all outstanding claims against the organization
 +  * Send Articles of Dissolution to Secretary of State
 +    * Required approval: Directors
 +      * Higher standards for approval may be found in the Articles or Bylaws
 +  * Send Notice to Attorney General
 +    * Notice of who received assets of the Nonprofit
 +    * Retain enough to pay any outstanding debts and professional fee
 +  * Send Notices to claimants
 +    * Mail notice to known claimants
 +    * Publish notice for unknown claimants
 +  * Obtain Tax Clearance Letter from Dept of Revenue
 +  * Send Articles of Termination to Secretary of State
 +    * Mail with Tax Clearance Letter
 +    * Once all business is complete
 ====== Part II ====== ====== Part II ======
  
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 **Honorary and Adjunct Boards** **Honorary and Adjunct Boards**
-  * Fundraising: +{{ ::honorary.png?300 |}}
-  * Board of Governors +
-  * Board of Advisors +
-  * Friends Groups +
-  * Supporting Organizations +
-  * Community, Citizen Board +
-  * Steering Committees +
-  * Board of Directors or Trustees +
-  * Fundraising Committee +
-  * Budget and Finance Committee +
-  * Other: Ad Hoc or Program Committees +
-  * Nominating Committee +
-  * Executive Director +
-  * Advisory:+
  
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 +==Parting Words===
   * Board composition and numbers matter; guard against founder's syndrome   * Board composition and numbers matter; guard against founder's syndrome
   * Policies are important but must be understood, implemented and enforced   * Policies are important but must be understood, implemented and enforced
/users/ahereford.org/htdocs/canonlaw/data/attic/nonprofit.1500499109.txt.gz · Last modified: 2023/06/30 15:16 (external edit)