Form 1023
Updated June 2023 Form 1023 or Form 1023-EZ is the application an organization uses for the IRS to issue a determination letter or ruling letter that recognizes an organization’s exemption from federal income tax. Form 1023 Form 1023-EZ
Resources
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IRS Guide to Applying for 501(c)(3) Tax-Exempt Status
Are you interested in Applying for 501(c)(3) Tax Exempt Status? This informative booklet from the IRS answers questions such as why you should apply, who’s eligible, how to get started, and what responsibilities come with the status. 501c3 Tax Status
BoardSource Guide to Starting a Nonprofit Organization
Is a nonprofit organization really right for you? This publication will walk you though the questions you should be asking yourself early in the process. From your reasons and incentives at the beginning, through the basic steps to structure your organization, this will help you to make some good decisions and choices before you get …
Can Your Board of Directors Vote by Email?
Your board needs to vote to approve a major contract but the next board meeting is in two months. Can the board vote by email or another electronic means? Under Georgia law, a board can take action without a meeting (including by taking an electronic vote) provided that all of the directors consent by voting …
Confused about COBRA? Understanding Federal & State Continuation of Health Insurance Coverage
What are your obligations as an employer when it comes to providing health insurance coverage to former employees? This article will help you understand the requirements under Federal law (COBRA) and Georgia law. Find out whether your nonprofit is governed by COBRA or state continuation coverage and determine whether you have to offer coverage and …
Required Filings for Nonprofit Organizations
Once you get your 501(c)(3) status from the IRS, your paperwork has just begun! Federal, state and some local governments require that you file additional forms; some filings are one-time-only and others are required on a regular basis. Our new guide will help you determine whether you are current on the filings usually required of …
Child Abuse Reporting in Georgia
When working with children, nonprofit employees and volunteers should always be mindful of the possibility that a child has been or is currently being abused. Anyone who suspects child abuse is encouraged to report such abuse to the authorities, but did you know that certain individuals are required by law to do so? If you …
Webcast: Surviving by Combining
The economy has hit nonprofits hard with more people to serve and less money with which to serve. In some cases, the best option may be for nonprofits to combine. During this one hour webcast, our speakers help nonprofits understand: The different ways to combine nonprofits The steps for combining nonprofits The advantages and disadvantages …
Frequently Asked Questions About Form 990
For organizations that operate on a December 31 year end, it’s time to start thinking about filing your annual return with the IRS. Organizations that have received 501(c)(3) status from the IRS are required to file returns with the IRS every year. Which annual return or notice must be filed generally depends on the economic …
Webcast: Nonprofit Chapters or Affiliates: Is Expansion Right for You?
Many nonprofits want to expand beyond the “home office” by setting up chapters or affiliates in other cities. First, a nonprofit should consider whether expansion is a good idea for the organization. Next, a nonprofit should determine what options for expansion work for it. During this one hour webcast, our speaker: Identifies the various issues …
Unique Unemployment Insurance Option Available Only For Nonprofits
Unemployment is on everyone’s minds these days. As a nonprofit employer, you should be aware of your organization’s obligations with respect to paying unemployment. Although 501(c)(3) nonprofit organizations in Georgia are exempt from federal unemployment taxes (FUTA) they may still be responsible for paying state unemployment taxes. Nonprofit organizations are responsible for unemployment insurance coverage …
Webcast: Tough Economic Times, Part 2
During last month’s Questions to Consider in Tough Economic Times webcast, John Mills discussed options for nonprofits facing financial challenges with a focus on decreasing expenses and increasing revenue. If you haven’t watched it already, you can view this very helpful presentation here. In this webcast, Mr. Mills turns to nonprofits that are facing possible …
Webcast: Tough Economic Times, Part 1
In addition to reduced donations from individual and corporate donors, now many nonprofits are facing reduced federal and state grant money. As a result, it is critical that nonprofits stay on top of their finances by asking the right questions and addressing these issues head on. During this one hour webcast, John Mills identifies the …
Correctly Classifying Executive Directors
Does your nonprofit treat its executive director as an independent contractor? Most, if not all, of the time this is not the correct classification for an executive director and the consequences of the misclassification could be devastating to your nonprofit. Generally, executive directors are considered employees by the Internal Revenue Service as they are officers …
Webcast: Fiscal Sponsorship for Nonprofits
What is a fiscal sponsor? Does your organization need one? Have you been asked to become a fiscal sponsor? During this one hour webinar, our speaker discusses this arrangement under which a charitable project without 501(c)(3) status might benefit from the tax-exempt status and administrative support of a sponsoring organization, including: The pros and cons …
Tax-Exempt Tradeoffs
Recently, while sitting in the office of the executive director of one of our nonprofit clients, I noticed a plaque on the wall that read: “Dear IRS: I would like to cancel my subscription. Please remove my name from your mailing list.” Of course anyone that has ever completed a tax return can appreciate the …
Webcast: Truths & Myths about Trademarks & Copyrights
Nonprofits invest a lot of sweat equity into building their “brand” and developing their training or educational materials. As a result, many nonprofits want to protect their name and materials. During this one hour webinar, our speaker helps nonprofits understand: What are federal and state trademarks and when they are useful Issues associated with the …
H. Lamar Willis Foundation Learns Things the Hard Way
If you have ever set up a nonprofit organization, you know that you need to get incorporated as a nonprofit with the Secretary of State’s office and then file with the Internal Revenue Service for 501(c)(3) status. Hopefully, you know that you also need to register with the Secretary of State’s office for charitable solicitation. …
Miami Ronald McDonald House Sued for Overtime
Ronald McDonald Houses have been providing housing to families of hospitalized children since 1974, but that doesn’t make them immune from employee lawsuits. A former employee of the Ronald McDonald House Charities of South Florida in Miami recently filed suit claiming that she was not paid overtime for working 70-hour weeks. Although she was hired …
Insurance for Nonprofits
Insurance seems like a black hole to many nonprofits. There isn’t a clear guide as to what is needed, how much is needed, and where to get it. In addition, it seems like just another cost that’s especially difficult to afford in lean times. During this one hour webinar, our speaker brings light to the …
Good Nonprofit Corporate Governance a Major Focus of IRS
Although no section of the Internal Revenue Code sets out specific requirements for how tax-exempt organizations are to be governed, the subject of good nonprofit corporate governance has become a strong focus of the IRS in recent years. The most obvious evidence of the IRS’ emphasis on good nonprofit corporate governance is the new Form …
Webcast: Good Corporate Governance
Paper, paper, paper! Nonprofits must comply with many of the same corporate governance requirements as for-profit companies and the fiduciary responsibilities of nonprofit boards are growing and under scrutiny. During this one hour webinar, our speaker helps nonprofits understand: The importance of good bylaws and following those bylaws The importance of keeping accurate records and …
Fundamentals Of Charitable Solicitation
Updated: December 2, 2024 In addition to registering for tax-exempt status with the IRS and forming your corporation in your state, did you know that your charity should register for “charitable solicitation”? Nonprofits have significant obligations to register in states where they ask for money. These rules can be traps for the wary. During this …