Who can use the form 1023 EZ?
To be eligible, your nonprofit must have less than $250,000 in total assets, your gross receipts must total less than $50,000 annually for the next three years. There are many other qualifications, and any organization that wishes to file the Form 1023-EZ must complete the eligibility worksheet before submitting the form online. We will complete the eligibility check list for you.
Who can NOT use the Form 1023 EZ?
Certain types of organizations cannot use the 1023-EZ, even if they meet the basic qualifications. The following types of organizations typically must file the long-form 1023: Churches and church associations, Schools, colleges, and universities, Hospitals and medical research organizations, Agricultural research organizations, Charitable risk pools, Credit counseling institutions, Health Maintenance Organizations (HMOs), Public safety organizations, and Private foundations.
If you are a Church, click Here
If you believe you will be over $50,000 per year, click here
Branded Starter Website
Launch Your Vision!
- Your branded domain name
- Your branded Starter Website
- Your professional e-mail
- Fully Expandable
- Social Media Plugins
What is a starter website?
You will start by choosing your domain name, usually with the extension .org (www.yourname.org) We will then create for you a one-page starter website showing who, what, where and how of your organization. Your mission, vision and goals. Included is a branded email. e.g. (support@yourdomain.org) Later on, you’ll be able to be able to upgrade and have all the expandable plugins available.
State Incorporation
Signature ready in 7 days or less!
- Name Verification
- Nonprofit Incorporation
- Articles of Amendment (If Needed)
- EIN Tax ID
- Minutes
- Conflict of Interest Policy
- Bylaws
- Banking Resolution
- 1 Year Registered Agent
What if we are already incorporated?
We will review your Articles of Incorporation for specific organizational and dissolution clauses that must be stated. If the articles do not have them, we will need to file an amendment. (Included)
You will need to file Form 1023-EZ within 27 months after the end of the month in which you were legally formed. If you file after, the effective date of your exempt status will be the date of the application.
What are the filing fees to incorporate?
The fees vary by state, usually from $50.00 to $100.00
How long does it take for the state to file the articles of incorporation?
Generally, on an average, it takes 7 to 10 business days.
What is a registered agent?
A “registered agent” (or RA) is designated by a business to receive official legal documents, such as lawsuit papers, subpoenas, and other legal notices. Most states require a registered agent. The RA’s business office is called the registered office and must have a street (no PO boxes) address in the state
How many people do we need to have to incorporate a nonprofit?
A nonprofit needs a board of directors to oversee operations. Most states require nonprofits to have at least three directors on the board.
What is an EIN tax number ID
An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity. Nonprofits need an EIN.
When can I solicit for donations?
Once you are incorporated, you can start accepting donations while you’re waiting for the 501(c)(3). The IRS will retro act the status back to the date of incorporation
State Nonprofit Requirements
Signature ready in 7 days or less!
- Your State Tax Exemption
- Your State Solicitation registration
- Your State Sales tax exemption
- Your State Property Tax Exemption
What is state tax exemption?
Tax exemption under section 501(c)(3) is a matter of federal law. After receiving federal tax exemption, you may also be required to apply with your state to obtain exemption from state taxes.
What is state charitable solicitation registration?
Many states have laws regulating the solicitation of funds for charitable purposes. These statutes generally require organizations to register with a state agency before soliciting. In addition, organizations may be required to file periodic financial reports. State laws may impose additional requirements on fundraising activity involving paid solicitors and fundraising counsel.
What is state sales tax exemption?
In most states, your organization is not automatically exempt from state sales tax, even after obtaining 501(c)(3) recognition from the IRS. You must file a separate application in order to receive state sales tax exemption.
What is state property tax exemption?
Generally, the Exemption from local property taxes is available for property of organizations: Formed and operated exclusively for qualifying purposes (religious, scientific, hospital, or charitable), That use their property exclusively for those qualifying purposes, and That has a current tax-exempt letter from the Internal Revenue Service or the Franchise Tax Board.
501(c)(3) Complete Application
501(c)(3) Status 100% Guaranteed
- Nonprofit Consultation
- Complete 501(c)(3) 1023 EZ eligibility worksheet
- Complete filing 501(c)(3) 1023 EZ Form
- All IRS inquiries (POA) Power of Attorney
- IRS 501(c)(3) Determination letter
- 1st year 990-N Form
- Lifetime Support
FAQ
Who can use the form 1023 EZ?
To be eligible, your nonprofit must have less than $250,000 in total assets, your gross receipts must total less than $50,000 annually for the next three years. There are many other qualifications, and any organization that wishes to file the Form 1023-EZ must complete the eligibility worksheet before submitting the form online.
Who can NOT use the Form 1023 EZ?
Certain types of organizations cannot use the 1023-EZ, even if they meet the basic qualifications. The following types of organizations typically must file the long-form 1023: Churches and church associations, Schools, colleges, and universities, Hospitals and medical research organizations, Agricultural research organizations, Charitable risk pools, Credit counseling institutions, Health Maintenance Organizations (HMOs), Public safety organizations, and Private foundations.
How much does it cost to file form 1023 EZ?
The IRS user fee for Form 1023-EZ is $275. The user fees must be paid through Pay.gov when the application is filed.
How long does it take for form 1023 EZ to be approved?
According to the IRS website, 2 to 4 weeks.
Can we receive donations while we are waiting for 501(c)(3) approval?
Yes. Your 501(c)(3) status will retro act back to the date of your incorporation. Thereby, they will be fully deductible to the Donner.
What will be the effective date of Exemption?
Generally, if you file Form 1023-EZ within 27 months after the end of the month in which you were legally formed, and we approve the application, the legal date of formation will be the effective date of your exempt status.
What are the annual IRS filing requirements?
Generally, an organization is required to file an annual 990 series returns However, an eligible organization, that normally has gross receipts of $50,000 or less is required to file annual electronic notice on Form 990-N (e-Postcard)
What is the Form 990-N?
Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990-N, also known as the e-Postcard, by the 15th day of the 5th month after the close of your tax year.
What are the State Registration requirements?
Tax exemption under section 501(c)(3) is a matter of federal law. After receiving federal tax exemption, you may also be required to register with your state to solicit contributions and to obtain exemption from state taxes.
After receiving the 501(c)(3) tax exemption, what if the organization brings in more than $50,000 annually?
The IRS has also said that a recognition letter may not be relied on by donors if it is based on any inaccurate material information.” If you get more than $50,000 in a year, you will have to file at least a Form 990-EZ and bring yourself to the attention of the IRS.