501c3 Status: Difference between revisions
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# <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 | # <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 | ||
# | # Register our state business licenses ''--mfoster'' | ||
# 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?'' | # 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?'' | ||
# <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>''<--who is doing this and when? Dan?'' | ||
# Obtain a copy of our bylaws, or create them based on FG Portlands<br>'' | # Obtain a copy of our bylaws, or create them based on FG Portlands<br>''DONE by mfoster'' | ||
# Obtain a copy of our Articles of Incorporation<br>'' | # Obtain a copy of our Articles of Incorporation<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>''^^ Who's doing this and when? Jon?'' | ||
# Open a checking account | # Open a checking account @ BECU<br>''mfoster will do this soon (Q4), and now that we have an EIN it should be non-blocked. mfoster, jon to finish this up'' | ||
# 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. | ||
# Start a Paypal account<br>''DONE by Dan'' | |||
# 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.'' | # 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.'' | ||
# 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 | ||
Revision as of 16:33, 9 November 2014
Primary task masters: Dan and Mark
Get a Seattle City Business license - $67 with late fees and credit/debit surcharge.
DONE by mfoster...awaiting paperwork via postal mail- Register our state business licenses --mfoster
- 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.
^^ who is doing this, and when? Create a EIN/TIN or create one if we don't have one.
DONE by mfoster..EIN Assigned (2014-04-25): 46-5557264- Register a DUNS Number
<--who is doing this and when? Dan? - Obtain a copy of our bylaws, or create them based on FG Portlands
DONE by mfoster - Obtain a copy of our Articles of Incorporation
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.
^^ Who's doing this and when? Jon? - Open a checking account @ BECU
mfoster will do this soon (Q4), and now that we have an EIN it should be non-blocked. mfoster, jon to finish this up - 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.
- Start a Paypal account
DONE by Dan - 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. - 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