501c3 Status: Difference between revisions

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Primary task masters: Dan and Mark
==Related information==


# <strike>Get a Seattle City Business license - $67 with late fees and credit/debit surcharge. </strike><br>''DONE by mfoster''...awaiting paperwork via postal mail
===IRS publications===
# Unify our two state business licenses - License 1 & License 2 - I'll look into this <br>''^^ why? we have two but one is old/expired so why does this need to be done?''
* Applying for 501(c)(3) Tax-Exempt Status http://www.irs.gov/pub/irs-pdf/p4220.pdf
# 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.<br>''^^ who is doing this, and when?''
* 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 ???
 
# <strike>Get a Seattle City Business license - $67 with late fees and credit/debit surcharge. </strike><br>''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
# Register our state business license<br>''^^ Unassigned''
# 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.<br>''^^ Unassigned''
# <strike>Create a EIN/TIN or create one if we don't have one.</strike><br>''DONE by mfoster''..EIN Assigned (2014-04-25): 46-5557264
# <strike>Create a EIN/TIN or create one if we don't have one.</strike><br>''DONE by mfoster''..EIN Assigned (2014-04-25): 46-5557264
# Register a DUNS Number<br>''<--who is doing this and when? Dan?''
# Register a DUNS Number<br>''^^ Unassigned''
# Obtain a copy of our bylaws, or create them based on FG Portlands<br>''Mark to work with Ted on this''
# <strike>Obtain a copy of our bylaws, or create them based on FG Portlands</strike><br>''DONE by mfoster''
# Obtain a copy of our Articles of Incorporation<br>''Jon has paperwork, needs to go to Mark & Dan''
# <strike>Obtain a copy of our Articles of Incorporation</strike><br>''DONE by Jon''
# 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.<br>''^^ Who's doing this and when?  Jon?''
# 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.<br>''Assigned to Jon''
# Open a checking account - BECU seems to be the favorite, we should do a quick market survey beforehand though.<br>''mfoster will do this soon (May?), and now that we have an EIN it should be non-blocked. However I (mfoster) need paperwork from Jon to move forward, namely the articles of Incorporation''
# Open a checking account @ BECU<br>''^^ Unassigned''
# 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.
# 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.<br>''^^ Unassigned''
# 501c3 filing - step by step guide by the IRS ''(url?)'', ask to expedite to avoid waiting potentially 3 to 11 months.<br>''There are a few steps here... 1) draft the paperwork 2) review with a lawyer 3) file with the IRS.''
# <strike>Create a Paypal account to use for sales@</strike><br>''DONE by Dan''
# 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
 
=== 501c3 filing ===
* step by step guide by the IRS ''(url?)'' http://www.irs.gov/pub/irs-pdf/p4220.pdf
====Forms====
* FORM SS-4 - Application for EIN - http://www.irs.gov/pub/irs-pdf/fss4.pdf
* Form 1023 - Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code - http://www.irs.gov/pub/irs-pdf/f1023.pdf
 
 
 
ask to expedite to avoid waiting potentially 3 to 11 months.<br>There are a few steps here...  
# draft the paperwork  
# review with a lawyer
# file with the IRS.
 
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====
 
==Disclosure==
 
Pub 4220 sez:
 
Section 501(c)(3) organizations must make their applications (Form 1023 or 1023-EZ) and the annual returns
(Form 990, Form 990-EZ or Form 990-PF) available to the public for inspection, upon request and without charge
(except for a reasonable charge for copying). Each annual return must be made available for a three-year period
starting with the filing date of the return

Latest revision as of 01:05, 5 August 2015


Related information[edit]

IRS publications[edit]

Stuff needed to 'get' 501c3 status[edit]

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

501c3 filing[edit]

Forms[edit]


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.

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[edit]

Recordkeeping[edit]

Filing with govt[edit]

Form 990 & variants[edit]

Disclosure[edit]

Pub 4220 sez: 

Section 501(c)(3) organizations must make their applications (Form 1023 or 1023-EZ) and the annual returns 
(Form 990, Form 990-EZ or Form 990-PF) available to the public for inspection, upon request and without charge
(except for a reasonable charge for copying). Each annual return must be made available for a three-year period
starting with the filing date of the return
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