LegalEntityTypeCharitable < Org

Org Web>LegalEntity>LegalEntityType>LegalEntityTypeCharitable (2008-04-09, BenScott) (raw view)

This page collects information on the 501(c)(3) (charitable organization) applications process, under the assumption that we are going to try for that.  See also LegalEntityType and LegalEntity.

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---++ Why

   1 GNHLUG is already a legal entity in the eyes of the State of NH (registered _non-profit corporation_) and the US Federal government (EIN).
   1 GNHLUG will be receiving income.  That includes not just monetary donations, but equipment and services (like Internet hosting).
   1 The IRS tracks income and collects taxes on it.
   1 To avoid *GNHLUG* having to pay taxes on our income, we can obtain _Federal tax-exempt status_.  501(c) is the section of the tax code that deals with that.
   1 For donations to GNHLUG to qualify as _tax-deductible_ *for the donor*, we need to obtain 501(c)<B>(3)</B> _charitable organization_ status.



---++ To Do

Decide: Being 501(c)3 ourselves vs being under the umbrella of an existing org?

We need to have (Ed Lawson, [[http://www.mail-archive.com/gnhlug-org@mail.gnhlug.org/msg03155.html][14 Mar 2008 05:52:03]]):
   * organization structure
   * budget and projections
   * proposed endeavors/mission statement

---++ Resources

---+++ Local resources

Franklin Pierce Law Center <BR>
C/O Ashlyn Lembree
   * has been contacted by Ed Lawson ([[http://www.mail-archive.com/gnhlug-org@mail.gnhlug.org/msg03159.html][14 Mar 2008 09:30:58]])
   * something a student may want to tackle <BR>
   * first chance summer 2008 <BR>

Ed Lawson
   * Use an umbrella org ([[http://www.mail-archive.com/gnhlug-org@mail.gnhlug.org/msg03155.html][14 Mar 2008 05:52:03]])
   * don't hound him until 28 April 2008 ([[http://www.mail-archive.com/gnhlug-org@mail.gnhlug.org/msg03158.html][14 Mar 2008 07:49:43]])
   * work on providing Ashlyn the info they need to evaluate the situation (ibid)
   * he will remind the clinic in late May 2008 (op cit 09:30:58)

---+++ Possible umbrella organizations

   * LNF (Learning Networks Foundation) (Carole Soule)
   * SPI (Software in the Public Interest) (they back Debian)
   * LI (Linux International) (maddog) (did they ever get this off the ground?)

---++ IRS material

---+++ Forms

| *Short Title* | *Full Title* | *Purpose* | *Status* |\

| [[http://www.irs.gov/pub/irs-pdf/fss4.pdf][Form SS-4]] |\
Application for Employer Identification Number |\
Identifies us to the IRS |\
[[LegalEntityDocuments][Completed]] |\

| [[http://www.irs.gov/pub/irs-pdf/f1023.pdf][Form 1023]] |\
Application for Recognition of Exemption |\
Proves to the IRS we are a charitable organization |\
Not started |\

| [[http://www.irs.gov/pub/irs-pdf/f8718.pdf][Form 8718]] |\
User Fee for Exempt Organization Determination Letter Request |\
Determines and submits fee for applicaton |\
Not started |\

---+++ Guidance

   * [[http://www.irs.gov/publications/p557/][Publication 557, Tax-Exempt Status for Your Organization]]
   * [[http://www.irs.gov/pub/irs-pdf/p1771.pdf][Publication 1771, Charitable Organizations, Substantiation and Disclosure Requirements]] (PDF)
   * [[http://www.irs.gov/pub/irs-pdf/p4220.pdf][Publication 4220, Applying for 501(c)(3) Tax-Exempt Status]] (PDF)
   * [[http://www.irs.gov/pub/irs-pdf/p4221pc.pdf][Publication 4221-PC, Compliance Guide for 501(c)(3) Public Charities]] (PDF)
   * [[http://www.irs.gov/pub/irs-pdf/i1023.pdf][Instruction 1023, Application for Recognition of Exemption]] (PDF)
   * [[http://www.irs.gov/charities/charitable/article/0,,id=122729,00.html][Sample Organizing Documents - Public Charity]]

---+++ Notes

   * If annual gross receipts are < $25K, we are not required to file an annual return.  ([[http://www.irs.gov/charities/article/0,,id=139223,00.html][Annual Return Filing Exceptions]])

Topic revision: r3 - 2008-04-09 - BenScott

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