501c3 Status: Difference between revisions

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[[Category:Projects]]
[[Category:Projects]]


==Related information==
===IRS publications===
* Applying for
501(c)(3)
Tax-Exempt Status
http://www.irs.gov/pub/irs-pdf/p4220.pdf
* Compliance Guide
for 501(c)(3)
Public Charities http://www.irs.gov/pub/irs-pdf/p4221pf.pdf
* Tax-Exempt
Status for Your
Organization http://www.irs.gov/pub/irs-pdf/p557.pdf
* http://www.irs.gov/Charities-&-Non-Profits/Annual-Electronic-Filing-Requirement-for-Small-Exempt-Organizations-Form-990-N-%28e-Postcard%29
==Stuff needed to 'get' 501c3 status==
Primary task masters: Dan and ???
Primary task masters: Dan and ???


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Then we're a full blown 501c3 & could start sponsoring other up and coming nonprofits, give tax deductible donation receipts (we already do this often through FCS), etc
Then we're a full blown 501c3 & could start sponsoring other up and coming nonprofits, give tax deductible donation receipts (we already do this often through FCS), etc
==Stuff needed to 'keep' 501c3 status==
===Recordkeeping===
===Filing with govt===
====Form 990 & variants====

Revision as of 00:23, 5 August 2015


Related information

IRS publications

  • Applying for

501(c)(3) Tax-Exempt Status

http://www.irs.gov/pub/irs-pdf/p4220.pdf
  • Compliance Guide

for 501(c)(3) Public Charities http://www.irs.gov/pub/irs-pdf/p4221pf.pdf

  • Tax-Exempt

Status for Your Organization http://www.irs.gov/pub/irs-pdf/p557.pdf

Stuff needed to 'get' 501c3 status

Primary task masters: Dan and ???

  1. Get a Seattle City Business license - $67 with late fees and credit/debit surcharge.
    DONE by mfoster...but paperwork was to arrive via postal mail... maybe Jon has it?
  • Customer # (Business license #) : 769603
  • Legal Name: FREE GEEK SEATTLE Trade Name: FREE GEEK SEATTLE
  • 20226 23RD PL NW SHORELINE, WA 98177-2327
  • NAICS: 811212, Computer and Office Machine Repair and Maintenance
  • License types: BUSINESS LICENSE
  • Renewal Date: 12/31/2014 Phone: (206) 486-6105
  1. Register our state business license
    ^^ Unassigned
  2. File our state taxes with the Department of Revenue - We can almost assuredly declare no revenue, donations are not counted as revenue if your a state nonprofit. - Medium priority, can easily be backdated.
    ^^ Unassigned
  3. Create a EIN/TIN or create one if we don't have one.
    DONE by mfoster..EIN Assigned (2014-04-25): 46-5557264
  4. Register a DUNS Number
    ^^ Unassigned
  5. Obtain a copy of our bylaws, or create them based on FG Portlands
    DONE by mfoster
  6. Obtain a copy of our Articles of Incorporation
    DONE by Jon
  7. Secure a signed letter stating that we operate under the Filipino Community Center's 501c3 status & get a copy of the IRS Letter of Determination of 501c3 status for the Filipino Community Center.
    Assigned to Jon
  8. Open a checking account @ BECU
    ^^ Unassigned
  9. Open a credit card, build credit so we may avoid deposits on monthly services when we get them, and make getting loans or renting/leasing space significantly easier.
    ^^ Unassigned
  10. Create a Paypal account to use for sales@
    DONE by Dan
  11. 501c3 filing - step by step guide by the IRS (url?), ask to expedite to avoid waiting potentially 3 to 11 months.
    There are a few steps here... 1) draft the paperwork 2) review with a lawyer 3) file with the IRS.
    ^^ Unassigned

Then we're a full blown 501c3 & could start sponsoring other up and coming nonprofits, give tax deductible donation receipts (we already do this often through FCS), etc

Stuff needed to 'keep' 501c3 status

Recordkeeping

Filing with govt

Form 990 & variants