1 / 4

501 (c)3 Process for Iowa COAD’s and Long Term Recovery Committees

501 (c)3 Process for Iowa COAD’s and Long Term Recovery Committees. Form a board of directors and set up your financial structure. Really, any number is ok. The IDHRC has a board of 15.

totie
Download Presentation

501 (c)3 Process for Iowa COAD’s and Long Term Recovery Committees

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 501 (c)3 Process for Iowa COAD’s and Long Term Recovery Committees

  2. Form a board of directors and set up your financial structure. • Really, any number is ok. The IDHRC has a board of 15. • File for a Federal Employer ID Number (EIN) online at http://www.ein-gov.us/. You will also need this number to open a bank account. • File your forms and documents with the IRS and Iowa Secretary of State. • By-laws must be approved by your board of directors. The by-laws will become part of your submission to the Iowa Secretary of State. • Incorporation is accomplished through the Secretary of State’s office.  Create your Articles of Incorporation. http://sos.iowa.gov/nonprofits/forming.html details requirements for the Articles of Incorporation along with other requirements (corporate name restrictions, etc.). Applying for 501 (c)3 Status

  3. Form 1023 and instructions are available at http://www.irs.gov/pub/irs-pdf/f1023.pdf. This is the IRS application for tax exempt status. CPA’s and attorneys may be very helpful with this step. • The IRS will send a decision letter once your application has been reviewed and any additional questions that may come up are answered. Applying for 501 (c)3 Status

  4. A very helpful website for additional information and training on the process is available at http://nonprofit.law.usiowa.edu • For Questions or sample products, visit the IDHRC website at; https://iavoad.communityos.org/cms/ or call Blake DeRouchey at 515-323-4232 Questions?

More Related