.

Contact:
Amy Hereford, CSJ, JD
CSJ Ministries
6400 Minnesota Ave.
St. Louis, MO 63111-2807
Phone: 314-266-1814
Fax: 815-550-1329
Contact on Skype


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    Copyright 2010

     

     

     

    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.
     
     

     

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