The Nonprofit Smart Start Program
There is a lot in common among the nonprofit corporation laws that exist in nearly every state, but there are also important differences that can cause delays, distractions and disasters if ignored.
With few exceptions, every corporation that operates in the United States is liable for taxes on its net income – that is, the amount left at the end of each accounting year after paying ordinary business expenses and taking other deductions permitted by the Internal Revenue Code (IRC).
The IRS provides that corporations formed for certain specified purposes may apply for tax-exempt status. The most familiar exempt organizations are often known as "501(c)(3)s" after the ID of the section of the IRC that covers exemptions for "public charities" and "private foundations."
Though the process for starting a nonprofit organization may appear daunting, the work of sustaining a nonprofit over the long haul is a much greater challenge. The most important part of the startup process comes before the formal steps of incorporating and applying for tax exempt status. The good news is you do not have to face these challenges alone!
All of our 501c3 applications have been approved by the IRS.
We know what the IRS is looking for. 99.9% of our applications have gone through the IRS system and have been approved with no questions asked.
The most common types of 501c3 organizations include churches, nursery schools, Boy Scouts, Girl Scouts, Four H clubs, Community Chest, Parent Teacher Associations, Heart funds, tuberculosis societies, societies for crippled children and adults, muscular dystrophy associations, multiple sclerosis societies, YMCA’s, YWCA’s, Little Leagues and similar organizations, Symphonies, orchestras, bands, glee clubs, choruses, libraries, civic improvement associations.
You should budget $50 – $300 for your organizational documents. Allow an additional $100 if you require expedited services. If your organization plans to receive less than $10,000 per year over the next four years, you should budget $400 for IRS processing fees. If your organization plans to receive more monies, then you should budget $850 for the IRS processing fees.
Not at all! We expect you're starting totally from scratch.
All that we ask is that you choose a name for the organization, select at least 3 board members and have a vision of your planned programs and activities.
We'll hold your hand through the process and take care of all the IRS techie stuff for you.
Our goal is to complete your project within 2 weeks for existing organizations and within 6 weeks for new organizations.
For new organizations, it takes most states about a month to process your Articles of Incorporation.
We’d like to use that time to get all the other paperwork taken care of, so that when your Articles are approved, we only need to obtain your tax id # and finalize the application.
We cannot guarantee how long it will take for the IRS to process your application. Once your application is submitted, you should receive a response within 120 days. In most of our cases, we have received IRS responses within four to six weeks. In cases where the IRS has requested additional information, we’ve received a favorable reply within one to two weeks of submitting our response.
2.Internet Access & Email Account - In order to expedite the delivery of documents, we require the client to have access to the internet, Adobe Acrobat Reader (available free of charge at www.adobe.com ) and an email account.
3.Mail service is available upon request. An additional fee of $50 will be required to cover the additional costs of assembling documents, instructions, etc. for mail delivery.
4.Financial Information - The client will be responsible for providing financial statements for up to four years and/or a two-year budget. As we review the organization's financials, additional detailed information may be requested.
5.List of Assets - The client must provide a list of assets, purchase price, and dates purchased for all assets the organization owns.
6.Payment of Fees - The client is responsible for payment of fees in a timely manner. Full payment must be received before we submit the final application.
7.Submission of Documents in a Timely Manner - The client is responsible for submitting the required documents within a timely manner. We expect that the project will be completed within 70 days, if you choose our installment payment plan. However, if the client abandons the project and does not respond to our requests for information after 90 days, the project will be terminated.
We just wanted to take a moment and let you know how much we appreciate the time and effort you are putting towards our future. Don't know how or why you choose us- but we are forever grateful for the blessing you are.
Thank you, thank you, thank you
Have a wonderful night and a blessed weekend,
Lisa and Yunus
Use a team of people to do the tasks suggested in this section of the guide. Contact us today!