501c3 Status: Difference between revisions

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[[Category:Unfinished]]
[[Category:Unfinished]]
[[Category:Legal]]
[[Category:Projects]]
[[Category:Projects]]


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 05:05, 5 August 2015


Related information

IRS publications

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

501c3 filing

Forms


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

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
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