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nonprofit [2018/04/02 14:01]
amycsj [6 reasons NOT to set up a Nonprofit]
nonprofit [2019/04/09 09:48] (current)
amycsj
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   * 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!
 +  * [[https://​www.irs.gov/​forms-pubs/​about-form-1023-ez]]
  
 |Application Type |User Fee| |Application Type |User Fee|
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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/orgdev/ creating_nonprofit.html+  * [[http://​extension.missouri.edu/​nonprofit/nonprofit.aspx]]
  
 ===== 6 reasons NOT to set up a Nonprofit ===== ===== 6 reasons NOT to set up a Nonprofit =====
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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
nonprofit.txt · Last modified: 2019/04/09 09:48 by amycsj