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Contact:
Amy Hereford, CSJ, MS, JD
CSJ Ministries
6400 Minnesota Ave.
St. Louis, MO 63111-2807
Phone: 314-266-1814
Fax: 443-381-0389
Contact on Skype
Resources for:
Copyright 2008
advertising
Nonprofit
Resources
Nonprofit Corporation Compliance Issues:
Nonprofit Corporations generally file for Tax Exemption from the IRS.
This exemption carries some requirements, namely:
Annual filing of Form 990
Abstaining for all political campaigning
Enganing in only limited lobbying
No private benefit, particularly to members and officers of the
corporation
Transfer of the assets to a charitable purpose when the corporation
dissolves
Activities unrelated to the organization's purpose are taxable
(UBIT)
Many states have requirements for nonprofit organizations, including:
Registering with the Attorney General
Registering and reporting on fundraising activities
Filing an annual report
Reporting any significant transfer of assets out of the state
of incorporation
Webcast on Establishing and Running a Small Nonprofit
Nonprofit Corporation Checklist:
Research goals and mission
Develop a plan and recruit board members
Establish Corporation
Adopt Articles of Incorporation and File with the State
Name the Board of Directors and adopt Bylaws
Obtain an EIN - Tax ID number by filing form SS-4 with the IRS
Obtain Tax Exempt status by filing Form
1023 with the IRS
Establish a Conflict of Interest Policy
Establish financial management
A corporate banking account,
An accounting system adequate for
organizational management
tax reporting
grant tracking
proving substantiation letters to contibutors
Meaningful financial oversight
Internal controls
Contact the state
tax board for information about obtaining a state tax number and
see if additional information must be submitted for state tax exemption
from income tax and sales tax, etc.
Check with the state
department of consumer affairs or business licensing to obtain any
required business licenses or permits.
Contact the state
Attorney General's Office to see if registration or reporting is
required.
Find out about workers' compensation if you will have employees.
Protect your trade name
Order any required notices (advertisements you have to place) of your
intent to begin operating in the community.
Check zoning laws.
Obtain city and/or county business licenses or permits.
Get adequate insurance or a rider to a homeowner's policy.
Get tax information for employees, including guidelines for withholding
taxes, information on hiring independent contractors, etc.
Apply for a federal non-profit mailing permit.
Order business cards and stationery.
Get an email address.
Set up your website.
Develop a Corporation Checklist of legal requirements for operation
including:
Board Meetings
Tax Filings
State Filings
Ongoing steps to develop the organization
Educate and Assess the Board
Select, educate and evaluate the Director and key staff
Develop a strategic plan
Review vision and mission
Review programs and activities
Review financials, fundraising and legal compliance
Identify areas of growth and stagnation in the organization
Examine areas of possiblities for growth and needed services
Some links to other Nonprofit Sites.